Resona Asset Management Co. Ltd. Invests $6.80 Million in Regency Centers Co. (NASDAQ:REG)

Resona Asset Management Co. Ltd. acquired a new position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 91,912 shares of the company's stock, valued at approximately $6,796,000. Resona Asset Management Co. Ltd. owned 0.05% of Regency Centers as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in shares of Regency Centers during the fourth quarter valued at approximately $26,000. National Pension Service bought a new stake in shares of Regency Centers during the fourth quarter valued at about $27,000. Catalyst Capital Advisors LLC acquired a new stake in Regency Centers in the fourth quarter worth about $54,000. Venturi Wealth Management LLC grew its position in Regency Centers by 4,400.0% in the 4th quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock valued at $63,000 after buying an additional 836 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Regency Centers by 27.9% during the 4th 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 Up 0.3 %

Shares of REG traded up $0.20 during mid-day trading on Friday, reaching $68.62. The company's stock had a trading volume of 297,554 shares, compared to its average volume of 1,066,414. 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 Co. has a 1 year low of $56.51 and a 1 year high of $78.18. The business has a fifty day moving average of $72.70 and a 200 day moving average of $72.70. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03.

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

Regency Centers Announces Dividend

The business 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 4.11%. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Insider Buying and Selling at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 139,923 shares of the company's stock, valued at approximately $10,250,758.98. This represents 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 the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock worth $6,977,500 over the last 90 days. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Mizuho lifted their price target on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. Evercore ISI lowered 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. Finally, Wells Fargo & Company dropped their target price 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, Regency Centers presently has an average rating of "Moderate Buy" and a consensus target price of $78.00.

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.