iA Global Asset Management Inc. Invests $352,000 in Regency Centers Co. (NASDAQ:REG)

iA Global Asset Management Inc. bought a new position in Regency Centers Co. (NASDAQ:REG - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 4,761 shares of the company's stock, valued at approximately $352,000.

Several other hedge funds and other institutional investors also recently modified their holdings of REG. Heck Capital Advisors LLC bought a new stake in shares of Regency Centers in the 4th quarter worth approximately $26,000. National Pension Service purchased a new position in Regency Centers during the fourth quarter valued at $27,000. Catalyst Capital Advisors LLC bought a new stake in Regency Centers in the fourth quarter worth $54,000. Venturi Wealth Management LLC grew its stake in shares of Regency Centers by 4,400.0% in the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock worth $63,000 after acquiring an additional 836 shares during the last quarter. Finally, Quest Partners LLC raised its position in shares of Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company's stock worth $68,000 after purchasing an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on REG shares. Wells Fargo & Company reduced their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Wednesday. BTIG Research boosted their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Mizuho increased their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Finally, Evercore ISI dropped their price objective on Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.00.

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Regency Centers Stock Performance

REG stock traded up $0.65 during midday trading on Wednesday, reaching $72.83. 555,064 shares of the company's stock traded hands, compared to its average volume of 1,004,300. The stock's 50-day moving average is $73.03 and its 200 day moving average is $73.00. The stock has a market cap of $13.21 billion, a P/E ratio of 34.35, a PEG ratio of 3.75 and a beta of 1.23. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $78.18. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. As a group, analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Insider Buying and Selling

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the completion of the transaction, the chief financial officer now owns 54,020 shares in the company, valued at $3,975,872. This trade represents a 27.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lisa Palmer sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the sale, the chief executive officer now directly owns 139,923 shares in the company, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,000 shares of company stock valued at $6,977,500. Company insiders own 1.00% of the company's stock.

About Regency Centers

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.