Mitsubishi UFJ Asset Management Co. Ltd. Has $27.79 Million Stake in Regency Centers Co. (NASDAQ:REG)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 380,569 shares of the company's stock after purchasing an additional 31,401 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of Regency Centers worth $27,793,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in REG. Korea Investment CORP raised its holdings in Regency Centers by 70.4% in the 4th quarter. Korea Investment CORP now owns 109,851 shares of the company's stock valued at $8,121,000 after buying an additional 45,372 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Regency Centers by 51.7% during the fourth quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company's stock valued at $159,363,000 after buying an additional 734,210 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Regency Centers by 0.6% in the 4th quarter. LPL Financial LLC now owns 122,135 shares of the company's stock worth $9,029,000 after buying an additional 781 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Regency Centers during the fourth quarter valued at about $4,487,000. Finally, Virtu Financial LLC bought a new stake in shares of Regency Centers in the fourth quarter valued at $231,000. Institutional investors own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

REG has been the subject of several research analyst reports. Mizuho lifted their price objective on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Evercore ISI reduced their price objective 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. Finally, Wells Fargo & Company dropped their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $78.00.

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Insider Buying and Selling at Regency Centers

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value 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 $3,975,872. This represents a 27.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the transaction, the chief executive officer now directly owns 139,923 shares in the company, valued at $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. Insiders have sold a total of 95,000 shares of company stock valued at $6,977,500 in the last three months. Corporate insiders own 1.00% of the company's stock.

Regency Centers Stock Down 3.5 %

Shares of Regency Centers stock traded down $2.65 during trading hours on Thursday, reaching $72.09. 1,612,610 shares of the company were exchanged, compared to its average volume of 1,055,368. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $78.18. The stock's fifty day moving average is $73.29 and its 200 day moving average is $72.95. The firm has a market cap of $13.09 billion, a PE ratio of 34.00, a PEG ratio of 3.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings results 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 net margin of 27.54% and a return on equity of 5.91%. As a group, equities research analysts forecast 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 3.91%. The ex-dividend date was Wednesday, March 12th. Regency Centers's dividend payout ratio is presently 133.02%.

About Regency Centers

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.