Proficio Capital Partners LLC Purchases 268,490 Shares of Regency Centers Co. (NASDAQ:REG)

Proficio Capital Partners LLC grew its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 8,012.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 271,841 shares of the company's stock after acquiring an additional 268,490 shares during the period. Proficio Capital Partners LLC owned 0.15% of Regency Centers worth $20,097,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of REG. Heck Capital Advisors LLC acquired a new stake in Regency Centers during the 4th quarter worth about $26,000. National Pension Service bought a new position in Regency Centers in the 4th quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new position in Regency Centers in the 4th quarter valued at about $54,000. Venturi Wealth Management LLC lifted its position in Regency Centers by 4,400.0% in the 4th quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock valued at $63,000 after acquiring an additional 836 shares in the last quarter. Finally, Quest Partners LLC lifted its position in Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company's stock valued at $68,000 after acquiring an additional 430 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Price Performance

Shares of REG traded up $1.04 during mid-day trading on Monday, reaching $77.74. 1,364,229 shares of the stock traded hands, compared to its average volume of 972,571. The firm has a fifty day moving average price of $72.83 and a 200 day moving average price of $72.86. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 3.75 and a beta of 1.21. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $77.92.

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 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%. As a group, equities research analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Wednesday, March 12th. Regency Centers's dividend payout ratio is currently 133.02%.

Analysts Set New Price Targets

Several equities analysts have commented on REG shares. Evercore ISI dropped their target price 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. JPMorgan Chase & Co. lifted their target price on shares of Regency Centers from $77.00 to $80.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Wells Fargo & Company dropped their target price on shares of Regency Centers from $81.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. BTIG Research lifted their price target on shares of Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Finally, Mizuho lifted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Three equities research 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $78.08.

Insider Transactions at Regency Centers

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the sale, the chief executive officer now directly owns 139,923 shares of the company's stock, valued at $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was 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 represents 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 currently owned by insiders.

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.