Invesco Ltd. Grows Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Invesco Ltd. lifted its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 121.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,374,450 shares of the company's stock after buying an additional 2,944,854 shares during the quarter. Invesco Ltd. owned approximately 2.96% of Regency Centers worth $397,333,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in Regency Centers in the 4th quarter valued at approximately $26,000. National Pension Service purchased a new position in Regency Centers in the fourth quarter valued at $27,000. Catalyst Capital Advisors LLC acquired a new position in Regency Centers during the 4th quarter worth $54,000. Venturi Wealth Management LLC increased its holdings in 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 purchasing an additional 836 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Regency Centers by 27.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock worth $74,000 after purchasing an additional 219 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on REG. Evercore ISI lowered their price objective 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. 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. Finally, Wells Fargo & Company reduced their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $78.00.

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Regency Centers Stock Performance

NASDAQ:REG traded up $0.98 during mid-day trading on Friday, reaching $69.40. 908,517 shares of the stock were exchanged, compared to its average volume of 1,068,965. The stock has a market capitalization of $12.60 billion, a P/E ratio of 32.74, a P/E/G ratio of 3.75 and a beta of 1.03. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $78.18. The company has a 50 day simple moving average of $72.66 and a 200-day simple moving average of $72.68. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its 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%. Analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently announced 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 Buying and Selling

In related news, CFO Michael J. Mas sold 20,000 shares of the firm's stock in a transaction dated 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 trade represents a 27.02 % decrease in their ownership of the stock. The sale 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 business's stock in a transaction that occurred 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 transaction, the chairman now owns 110,263 shares in the company, valued at $8,102,125.24. The trade was a 31.20 % decrease in their position. 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 over the last quarter. 1.00% of the stock is currently owned by insiders.

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.