Lasalle Investment Management Securities LLC lifted its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 31.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,448 shares of the company's stock after purchasing an additional 60,290 shares during the period. Regency Centers comprises 0.8% of Lasalle Investment Management Securities LLC's investment portfolio, making the stock its 28th biggest position. Lasalle Investment Management Securities LLC owned about 0.14% of Regency Centers worth $18,516,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in Regency Centers during the fourth quarter worth about $1,262,425,000. JPMorgan Chase & Co. raised its holdings in shares of Regency Centers by 0.5% in the 4th quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company's stock worth $823,711,000 after purchasing an additional 51,424 shares in the last quarter. Principal Financial Group Inc. raised its stake in Regency Centers by 4.2% during the 4th quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company's stock valued at $678,873,000 after purchasing an additional 366,427 shares during the period. Invesco Ltd. lifted its position in Regency Centers by 121.2% in the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock worth $397,333,000 after buying an additional 2,944,854 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Regency Centers by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,568,525 shares of the company's stock worth $336,955,000 after purchasing an additional 86,644 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on REG shares. Scotiabank decreased their price target on shares of Regency Centers from $80.00 to $76.00 and set a "sector perform" rating on the stock in a research note on Wednesday. Wells Fargo & Company dropped their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Mizuho raised their price target 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 reduced their target price on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $78.08.
Get Our Latest Report on REG
Insiders Place Their Bets
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 shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the transaction, the chief financial officer now directly owns 54,020 shares of the company's stock, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the transaction, the chairman now directly owns 110,263 shares of the company's stock, valued at approximately $8,102,125.24. This trade represents a 31.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock worth $6,977,500 over the last ninety days. 1.00% of the stock is owned by company insiders.
Regency Centers Stock Down 0.5 %
Shares of Regency Centers stock traded down $0.36 on Wednesday, reaching $71.96. The stock had a trading volume of 1,093,020 shares, compared to its average volume of 1,092,116. The company has a 50 day moving average price of $72.25 and a 200 day moving average price of $72.67. Regency Centers Co. has a 1 year low of $58.08 and a 1 year high of $78.18. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $13.06 billion, a P/E ratio of 33.94, a P/E/G ratio of 3.75 and a beta of 1.03.
Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. As a group, equities research analysts forecast that Regency Centers Co. will post 4.54 EPS for the current year.
Regency Centers Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is 133.02%.
About Regency Centers
(
Free Report)
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.
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