Fmr LLC Buys 293,668 Shares of Regency Centers Co. (NASDAQ:REG)

FMR LLC lifted its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 16.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,113,299 shares of the company's stock after acquiring an additional 293,668 shares during the period. FMR LLC owned approximately 1.16% of Regency Centers worth $156,236,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Regency Centers in the fourth quarter valued at about $1,262,425,000. JPMorgan Chase & Co. increased its stake in Regency Centers by 0.5% in the 4th quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company's stock valued at $823,711,000 after buying an additional 51,424 shares during the last quarter. Principal Financial Group Inc. increased its stake in Regency Centers by 4.2% in the 4th quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company's stock valued at $678,873,000 after buying an additional 366,427 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Regency Centers by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,568,525 shares of the company's stock worth $336,955,000 after buying an additional 86,644 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of Regency Centers by 6.9% in the 4th quarter. Boston Partners now owns 4,015,482 shares of the company's stock worth $296,837,000 after buying an additional 259,748 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

REG has been the subject of a number of research analyst reports. Evercore ISI decreased their price target on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. Wells Fargo & Company decreased their target price on 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, Mizuho boosted their price target 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. 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $78.00.

Regency Centers Stock Performance

NASDAQ REG traded up $1.41 during trading on Thursday, hitting $71.62. 118,042 shares of the company's stock traded hands, compared to its average volume of 1,056,146. The stock has a market capitalization of $13.00 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 3.75 and a beta of 1.03. 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 business has a 50 day moving average of $72.48 and a 200-day moving average of $72.65. Regency Centers Co. has a 12-month low of $56.92 and a 12-month high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates 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 anticipate that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Insider Activity at Regency Centers

In other 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 completion of the transaction, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. The trade was a 27.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,000 shares of company stock worth $6,977,500. 1.00% of the stock is owned by company insiders.

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.