Korea Investment CORP Has $8.12 Million Stake in Regency Centers Co. (NASDAQ:REG)

Korea Investment CORP boosted its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 70.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,851 shares of the company's stock after buying an additional 45,372 shares during the period. Korea Investment CORP owned approximately 0.06% of Regency Centers worth $8,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of REG. Heck Capital Advisors LLC purchased a new position in Regency Centers in the fourth quarter valued at about $26,000. National Pension Service bought a new stake in shares of Regency Centers in the 4th quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in Regency Centers in the fourth quarter worth approximately $54,000. Venturi Wealth Management LLC lifted its stake in Regency Centers by 4,400.0% in the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock valued at $63,000 after acquiring an additional 836 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Regency Centers by 27.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock worth $74,000 after acquiring an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Insider Buying and Selling at Regency Centers

In related news, CEO Lisa Palmer sold 25,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were 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 approximately $10,250,758.98. The trade was a 15.16 % 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 Regency Centers 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 of the company's stock, valued at $8,102,125.24. This represents a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. 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 report on Wednesday, March 26th. Mizuho raised their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Finally, Evercore ISI cut their target price on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $78.00.

Regency Centers Trading Down 2.4 %

Shares of NASDAQ:REG traded down $1.73 during trading on Friday, hitting $70.36. 532,961 shares of the company's stock were exchanged, compared to its average volume of 1,053,694. The firm has a 50-day moving average price of $73.29 and a two-hundred day moving average price of $72.95. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $78.18. The firm has a market cap of $12.77 billion, a P/E ratio of 33.33, a PEG ratio of 3.75 and a beta of 1.23. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping 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%. Equities analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued 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 4.01%. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

Regency Centers 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.