Regency Centers Co. (NASDAQ:REG) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. grew its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 51.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,155,589 shares of the company's stock after buying an additional 734,210 shares during the quarter. Prudential Financial Inc. owned 1.19% of Regency Centers worth $159,363,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its stake in Regency Centers by 104.1% during the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock worth $1,442,000 after buying an additional 10,221 shares during the period. Pacer Advisors Inc. boosted its position in shares of Regency Centers by 196.1% during the fourth quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock valued at $2,680,000 after buying an additional 24,003 shares during the period. HighTower Advisors LLC grew its stake in shares of Regency Centers by 47.3% during the third quarter. HighTower Advisors LLC now owns 29,342 shares of the company's stock valued at $2,121,000 after buying an additional 9,424 shares during the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of Regency Centers by 9.3% in the third quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company's stock worth $7,615,000 after buying an additional 8,959 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Regency Centers during the third quarter worth $953,000. Institutional investors own 96.07% of the company's stock.

Remove Ads

Analyst Ratings Changes

REG has been the topic of a number of research analyst reports. Evercore ISI cut 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 report on Tuesday, December 24th. Wells Fargo & Company reduced their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday. BTIG Research boosted their price target on Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, Mizuho increased their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Three investment 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Insider Buying and Selling

In other Regency Centers 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 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 approximately $10,250,758.98. This represents a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the chairman now directly owns 110,263 shares in the company, valued at approximately $8,102,125.24. The trade was a 31.20 % 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 valued at $6,977,500 over the last ninety days. Company insiders own 1.00% of the company's stock.

Regency Centers Stock Down 0.6 %

NASDAQ REG traded down $0.44 on Thursday, hitting $72.39. The stock had a trading volume of 598,210 shares, compared to its average volume of 1,002,736. The business's fifty day moving average price is $73.08 and its 200 day moving average price is $72.99. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share 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%. Equities research analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.90%. Regency Centers's payout ratio is 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.