Marshall Wace LLP Invests $2.69 Million in Regency Centers Co. (NASDAQ:REG)

Marshall Wace LLP acquired a new position in Regency Centers Co. (NASDAQ:REG - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 43,205 shares of the company's stock, valued at approximately $2,687,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. TD Asset Management Inc grew its position in Regency Centers by 8.5% during the fourth quarter. TD Asset Management Inc now owns 42,713 shares of the company's stock worth $2,862,000 after buying an additional 3,336 shares in the last quarter. Bank of Nova Scotia grew its stake in shares of Regency Centers by 32.6% during the fourth quarter. Bank of Nova Scotia now owns 21,325 shares of the company's stock worth $1,429,000 after purchasing an additional 5,240 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Regency Centers by 3.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 169,856 shares of the company's stock valued at $11,380,000 after acquiring an additional 5,095 shares during the period. Rafferty Asset Management LLC raised its stake in Regency Centers by 20.1% during the 4th quarter. Rafferty Asset Management LLC now owns 22,041 shares of the company's stock worth $1,477,000 after buying an additional 3,688 shares during the period. Finally, Royal London Asset Management Ltd. grew its position in shares of Regency Centers by 10.2% in the 4th quarter. Royal London Asset Management Ltd. now owns 94,367 shares of the company's stock valued at $6,323,000 after purchasing an additional 8,726 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Activity at Regency Centers

In related news, VP Michael R. Herman sold 1,000 shares of the business's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the sale, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Michael R. Herman sold 1,000 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the transaction, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the sale, the chairman now directly owns 307,199 shares in the company, valued at approximately $21,503,930. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Regency Centers Stock Performance

REG stock traded down $0.15 during mid-day trading on Friday, hitting $70.86. The company had a trading volume of 280,901 shares, compared to its average volume of 1,114,118. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $75.26. The stock's fifty day moving average price is $71.30 and its two-hundred day moving average price is $64.39. The firm has a market cap of $13.09 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 4.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.48). The firm had revenue of $357.25 million during the quarter, compared to analysts' expectations of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same quarter in the previous year, the company posted $1.03 EPS. On average, analysts forecast that Regency Centers Co. will post 4.24 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a yield of 3.78%. Regency Centers's dividend payout ratio is presently 130.73%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Evercore ISI cut shares of Regency Centers from an "outperform" rating to an "inline" rating and raised their target price for the company from $72.00 to $75.00 in a research note on Monday, September 16th. JPMorgan Chase & Co. boosted their target price on shares of Regency Centers from $71.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, August 8th. Raymond James boosted their price objective on shares of Regency Centers from $67.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a "buy" rating to a "hold" rating and boosted their price target for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. Finally, Wells Fargo & Company increased their target price on shares of Regency Centers from $69.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Regency Centers currently has a consensus rating of "Moderate Buy" and an average price target of $76.20.

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.