Aviva PLC Buys 48,924 Shares of Regency Centers Co. (NASDAQ:REG)

Aviva PLC boosted its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 88.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,374 shares of the company's stock after purchasing an additional 48,924 shares during the period. Aviva PLC owned approximately 0.06% of Regency Centers worth $7,716,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of REG. HighTower Advisors LLC lifted its position in shares of Regency Centers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 29,342 shares of the company's stock valued at $2,121,000 after acquiring an additional 9,424 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Regency Centers by 25.0% during the third quarter. Quantinno Capital Management LP now owns 16,760 shares of the company's stock valued at $1,211,000 after purchasing an additional 3,352 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Regency Centers by 701.7% in the 3rd quarter. National Bank of Canada FI now owns 361,597 shares of the company's stock valued at $26,118,000 after purchasing an additional 316,496 shares during the period. MML Investors Services LLC boosted its position in shares of Regency Centers by 14.7% in the 3rd quarter. MML Investors Services LLC now owns 9,817 shares of the company's stock valued at $709,000 after purchasing an additional 1,258 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in Regency Centers in the 3rd quarter worth about $953,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

REG has been the subject of several recent analyst reports. Mizuho raised their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Finally, Evercore ISI lowered 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. Three equities research 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. Based on data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and a consensus target price of $78.00.

Regency Centers Stock Up 1.4 %

Shares of NASDAQ:REG traded up $0.98 during midday trading on Friday, hitting $69.40. 908,517 shares of the stock were exchanged, compared to its average volume of 1,068,965. The business's fifty day simple moving average is $72.66 and its two-hundred day simple moving average is $72.68. 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 Co. has a 52-week low of $56.51 and a 52-week high of $78.18. The company has a market capitalization of $12.60 billion, a PE ratio of 32.74, a P/E/G ratio of 3.75 and a beta of 1.03.

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

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.705 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 4.06%. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Insider Activity at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the transaction, the chairman now owns 110,263 shares in the company, valued at $8,102,125.24. This trade represents a 31.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the business's 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 completion of the sale, the chief executive officer now owns 139,923 shares of the company's stock, 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. In the last 90 days, insiders sold 95,000 shares of company stock valued at $6,977,500. 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.