New Age Alpha Advisors LLC Acquires 39,194 Shares of Regency Centers Co. (NASDAQ:REG)

New Age Alpha Advisors LLC lifted its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 18,315.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,408 shares of the company's stock after buying an additional 39,194 shares during the quarter. New Age Alpha Advisors LLC's holdings in Regency Centers were worth $2,913,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of REG. Sanctuary Advisors LLC lifted its stake in Regency Centers by 104.1% in the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock valued at $1,442,000 after buying an additional 10,221 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Regency Centers during the 4th quarter valued at $1,499,000. Pacer Advisors Inc. boosted its stake in Regency Centers by 196.1% during the fourth quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock worth $2,680,000 after acquiring an additional 24,003 shares in the last quarter. HighTower Advisors LLC grew its holdings in Regency Centers by 47.3% in the third quarter. HighTower Advisors LLC now owns 29,342 shares of the company's stock worth $2,121,000 after purchasing an additional 9,424 shares during the period. Finally, Royal London Asset Management Ltd. increased its stake in Regency Centers by 9.3% in the third quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company's stock valued at $7,615,000 after purchasing an additional 8,959 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

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Regency Centers Stock Up 1.0 %

Regency Centers stock traded up $0.71 during midday trading on Wednesday, hitting $74.28. 310,500 shares of the stock were exchanged, compared to its average volume of 1,050,916. 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 $13.48 billion, a price-to-earnings ratio of 35.02, a price-to-earnings-growth 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 business's 50-day moving average price is $73.20 and its 200-day moving average price is $72.94.

Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. On average, research analysts expect that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on REG. Mizuho raised 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. Evercore ISI cut their price target on Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. Finally, Wells Fargo & Company decreased their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Three investment 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $78.00.

Insider Activity at Regency Centers

In related news, 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 transaction, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm's stock in a transaction 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 completion of the sale, the chairman now directly owns 110,263 shares of the company's stock, valued at $8,102,125.24. This represents a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,000 shares of company stock worth $6,977,500. 1.00% of the stock is owned by company insiders.

Regency Centers Company Profile

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.