QRG Capital Management Inc. Has $5.84 Million Stock Position in Regency Centers Co. (NASDAQ:REG)

QRG Capital Management Inc. increased its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,967 shares of the company's stock after acquiring an additional 6,240 shares during the quarter. QRG Capital Management Inc.'s holdings in Regency Centers were worth $5,838,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Heck Capital Advisors LLC bought a new stake in Regency Centers in the fourth quarter valued at about $26,000. National Pension Service bought a new stake in Regency Centers in the fourth quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new stake in Regency Centers in the fourth quarter valued at about $54,000. Venturi Wealth Management LLC grew its holdings in shares of Regency Centers by 4,400.0% during the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock valued at $63,000 after purchasing an additional 836 shares during the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Regency Centers by 84.8% during the third quarter. Quest Partners LLC now owns 937 shares of the company's stock valued at $68,000 after purchasing an additional 430 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Insiders Place Their Bets

In other news, CFO Michael J. Mas sold 20,000 shares of the 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 owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of the 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 sale, the chief executive officer now owns 139,923 shares of the company's stock, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Evercore ISI lowered their target price on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. JPMorgan Chase & Co. upped their target price on Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a report on Monday, November 4th. BTIG Research upped their target price on Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Wells Fargo & Company lowered their target price on Regency Centers from $81.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Finally, Mizuho upped their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $78.08.

Regency Centers Price Performance

REG traded up $1.04 during trading on Monday, reaching $77.74. The stock had a trading volume of 1,364,229 shares, compared to its average volume of 972,571. The firm has a market capitalization 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 quick ratio of 0.95, a current ratio of 0.85 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. The stock has a 50 day moving average of $72.83 and a two-hundred day moving average of $72.86.

Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates 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, equities analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.63%. Regency Centers's dividend payout ratio (DPR) is 133.02%.

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.