Raymond James Financial Inc. Purchases Shares of 161,302 Regency Centers Co. (NASDAQ:REG)

Raymond James Financial Inc. acquired a new position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 161,302 shares of the company's stock, valued at approximately $11,925,000. Raymond James Financial Inc. owned about 0.09% of Regency Centers as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new position in shares of Regency Centers during the fourth quarter worth about $26,000. National Pension Service purchased a new position in shares of Regency Centers in the 4th quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Regency Centers in the fourth quarter valued at approximately $54,000. Venturi Wealth Management LLC raised its stake 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 worth $63,000 after purchasing an additional 836 shares during the last quarter. Finally, Quest Partners LLC lifted 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 worth $68,000 after purchasing an additional 430 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

REG has been the subject of a number of analyst reports. BTIG Research upped their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Mizuho raised their price objective 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. Wells Fargo & Company dropped their target price on Regency Centers from $81.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Finally, Evercore ISI reduced their price target 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. Three investment analysts have rated the stock with a hold rating, eight have issued 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 a consensus price target of $78.08.

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Insider Activity at Regency Centers

In related news, CFO Michael J. Mas sold 20,000 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the transaction, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was 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 in the company, valued at approximately $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is owned by insiders.

Regency Centers Price Performance

REG traded up $0.94 during midday trading on Monday, reaching $72.44. 1,075,891 shares of the company's stock were exchanged, compared to its average volume of 1,005,162. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $78.18. The stock has a market capitalization of $13.14 billion, a PE ratio of 34.17, a P/E/G 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. The business's 50-day moving average price is $72.97 and its 200 day moving average price is $73.00.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) 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%. As a group, equities analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers's dividend payout ratio is presently 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.