OVERSEA CHINESE BANKING Corp Ltd Has $8.37 Million Stock Holdings in Regency Centers Co. (NASDAQ:REG)

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 65.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,208 shares of the company's stock after buying an additional 44,577 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.06% of Regency Centers worth $8,369,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in REG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Regency Centers by 1,138.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company's stock valued at $149,932,000 after buying an additional 1,908,153 shares during the period. Waterfront Capital Partners LLC acquired a new position in shares of Regency Centers in the third quarter valued at approximately $33,628,000. JPMorgan Chase & Co. boosted its stake in shares of Regency Centers by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock valued at $801,056,000 after buying an additional 435,932 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Regency Centers by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company's stock valued at $678,873,000 after buying an additional 366,427 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in Regency Centers by 701.7% during the third quarter. National Bank of Canada FI now owns 361,597 shares of the company's stock worth $26,118,000 after purchasing an additional 316,496 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Regency Centers

In other news, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction dated Wednesday, February 19th. The stock was 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 in the company, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock worth $6,977,500 over the last three months. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. BTIG Research upped their target price on Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Mizuho increased their price target on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. Evercore ISI reduced their target price 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 dropped their price target on Regency Centers from $81.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $78.08.

Regency Centers Stock Down 0.7 %

Shares of NASDAQ:REG traded down $0.54 during midday trading on Friday, hitting $71.50. 1,508,691 shares of the stock were exchanged, compared to its average volume of 1,004,679. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $78.18. The business's fifty day simple moving average is $72.97 and its two-hundred day simple moving average is $73.00. The company has a market capitalization of $12.97 billion, a PE ratio of 33.73, a P/E/G ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current fiscal 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 3.94%. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

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.