Price T Rowe Associates Inc. MD Acquires 171,047 Shares of Regency Centers Co. (NASDAQ:REG)

Price T Rowe Associates Inc. MD grew its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,440,384 shares of the company's stock after buying an additional 171,047 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 5.75% of Regency Centers worth $771,859,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in shares of Regency Centers during the 4th quarter valued at $26,000. National Pension Service bought a new stake in shares of Regency Centers during the 4th quarter valued at $27,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after buying an additional 487 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in shares of Regency Centers during the 4th quarter valued at $39,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Regency Centers during the 4th quarter valued at $54,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Stock Performance

Shares of NASDAQ REG traded up $0.07 during midday trading on Tuesday, hitting $71.90. 421,827 shares of the company's stock traded hands, compared to its average volume of 1,049,135. Regency Centers Co. has a 1 year low of $58.08 and a 1 year high of $78.18. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The firm has a fifty day moving average of $72.17 and a 200 day moving average of $72.72.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating 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%. On average, analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers's dividend payout ratio is 133.02%.

Insider Buying and Selling

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the completion of the sale, the chief financial officer now directly owns 54,020 shares of the company's stock, valued at $3,975,872. This trade represents a 27.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Mizuho upped their price target 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. Finally, Scotiabank dropped 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, April 23rd. Three 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's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $78.08.

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.