Regency Centers Co. (NASDAQ:REG) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,182,664 shares of the company's stock after acquiring an additional 366,427 shares during the period. Principal Financial Group Inc. owned 5.06% of Regency Centers worth $678,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Regency Centers by 1,138.5% during 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 purchasing an additional 1,908,153 shares in the last quarter. Waterfront Capital Partners LLC acquired a new position in shares of Regency Centers in the 3rd quarter valued at $33,628,000. JPMorgan Chase & Co. increased its position in shares of Regency Centers by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock valued at $801,056,000 after acquiring an additional 435,932 shares during the period. National Bank of Canada FI grew its stake in Regency Centers by 701.7% during the 3rd quarter. National Bank of Canada FI now owns 361,597 shares of the company's stock valued at $26,118,000 after purchasing an additional 316,496 shares during the last quarter. Finally, abrdn plc grew its stake in Regency Centers by 199.7% during the 3rd quarter. abrdn plc now owns 375,059 shares of the company's stock valued at $27,006,000 after purchasing an additional 249,929 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Price Performance

Shares of REG stock traded down $0.16 on Thursday, reaching $73.28. 788,439 shares of the company were exchanged, compared to its average volume of 949,831. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 34.57, a P/E/G ratio of 3.72 and a beta of 1.21. The business has a 50-day moving average price of $72.69 and a 200 day moving average price of $72.53. 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 1 year low of $56.51 and a 1 year high of $76.53.

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

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.85%. Regency Centers's dividend payout ratio is presently 133.02%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Robert W. Baird increased their price target on shares of Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Evercore ISI decreased their target price on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. Wells Fargo & Company decreased their target price on shares of Regency Centers from $81.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their target price on shares of Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Finally, Mizuho boosted their target price on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Regency Centers has an average rating of "Moderate Buy" and an average price target of $78.08.

Insider Activity at Regency Centers

In related news, CEO Lisa Palmer sold 25,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the completion of the sale, the chief executive officer now owns 139,923 shares of the company's stock, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now owns 54,020 shares in the company, valued at $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate 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.