Nomura Asset Management Co. Ltd. Buys 12,291 Shares of Regency Centers Co. (NASDAQ:REG)

Nomura Asset Management Co. Ltd. lifted its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 272,177 shares of the company's stock after acquiring an additional 12,291 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.15% of Regency Centers worth $20,122,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in REG. Heck Capital Advisors LLC bought a new position in Regency Centers in the 4th quarter worth $26,000. National Pension Service acquired a new stake in shares of Regency Centers in the fourth quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Regency Centers in the fourth quarter worth about $54,000. Venturi Wealth Management LLC lifted its position in shares of Regency Centers by 4,400.0% during the 4th quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock worth $63,000 after purchasing an additional 836 shares during the last quarter. Finally, Quest Partners LLC increased its position in 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 buying an additional 430 shares during the period. Institutional investors own 96.07% of the company's stock.

Insider Activity

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the completion of the transaction, the chairman now directly owns 110,263 shares in the company, valued at approximately $8,102,125.24. This trade represents a 31.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers 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 completion of the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock worth $6,977,500 over the last quarter. 1.00% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Mizuho raised their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Evercore ISI decreased their price target on shares of 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. Finally, Wells Fargo & Company cut 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 report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $78.00.

Regency Centers Trading Up 1.0 %

NASDAQ REG traded up $0.71 during trading on Wednesday, reaching $74.28. 310,500 shares of the stock traded hands, compared to its average volume of 1,050,916. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week 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 firm has a market cap 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. The stock'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 posted its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

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

Regency Centers 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.