Geode Capital Management LLC Has $336.96 Million Holdings in Regency Centers Co. (NASDAQ:REG)

Geode Capital Management LLC lifted its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,568,525 shares of the company's stock after purchasing an additional 86,644 shares during the quarter. Geode Capital Management LLC owned 2.52% of Regency Centers worth $336,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in Regency Centers in the 4th quarter worth about $26,000. National Pension Service bought a new stake in shares of Regency Centers in the 4th quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in Regency Centers in the fourth quarter worth approximately $54,000. Venturi Wealth Management LLC increased its holdings in Regency Centers by 4,400.0% in the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock worth $63,000 after buying an additional 836 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Regency Centers by 27.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock valued at $74,000 after acquiring an additional 219 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Evercore ISI dropped 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 research note on Tuesday, December 24th. Wells Fargo & Company decreased their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, Mizuho raised 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 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $78.00.

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Insiders Place Their Bets

In other news, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 139,923 shares of the company's stock, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,000 shares of company stock worth $6,977,500 in the last ninety days. Insiders own 1.00% of the company's stock.

Regency Centers Stock Performance

Shares of Regency Centers stock traded up $0.20 during trading on Tuesday, reaching $67.74. The company's stock had a trading volume of 426,761 shares, compared to its average volume of 1,064,831. Regency Centers Co. has a one year low of $56.51 and a one year high of $78.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 31.92, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03. The business's fifty day moving average price is $73.12 and its 200-day moving average price is $72.87.

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

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is presently 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.