O Shaughnessy Asset Management LLC Purchases 9,105 Shares of Regency Centers Co. (NASDAQ:REG)

O Shaughnessy Asset Management LLC increased its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,251 shares of the company's stock after buying an additional 9,105 shares during the period. O Shaughnessy Asset Management LLC's holdings in Regency Centers were worth $3,567,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in shares of Regency Centers during the fourth quarter valued at $26,000. National Pension Service acquired a new position in Regency Centers during the 4th quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Regency Centers in the 4th quarter valued at about $54,000. Venturi Wealth Management LLC grew its position in shares of Regency Centers by 4,400.0% during the 4th 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 period. Finally, Farther Finance Advisors LLC lifted its holdings in Regency Centers by 27.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock valued at $74,000 after buying an additional 219 shares during the period. Institutional investors own 96.07% of the company's stock.

Regency Centers Stock Down 4.6 %

REG stock traded down $3.32 during trading hours on Friday, reaching $68.77. 2,643,699 shares of the stock were exchanged, compared to its average volume of 1,061,673. The firm's 50-day moving average is $73.29 and its 200-day moving average is $72.95. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $78.18. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 3.75 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95.

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Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating 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%. On average, equities research analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.705 per share. The ex-dividend date was Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 4.10%. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on REG shares. Wells Fargo & Company cut their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Mizuho increased their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Finally, Evercore ISI reduced their target price on Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and an average target price of $78.00.

Insider Transactions at Regency Centers

In related news, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the completion of the sale, the chairman now owns 110,263 shares of the company's stock, valued at approximately $8,102,125.24. This represents a 31.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock worth $6,977,500 in the last three months. Insiders own 1.00% of the company's stock.

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.