Russell Investments Group Ltd. Boosts Stock Position in Regency Centers Co. (NASDAQ:REG)

Russell Investments Group Ltd. increased its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,128 shares of the company's stock after acquiring an additional 5,225 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Regency Centers worth $11,151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of REG. Heck Capital Advisors LLC bought a new stake in Regency Centers in the fourth quarter worth about $26,000. National Pension Service bought a new stake in shares of Regency Centers in the 4th quarter worth approximately $27,000. Catalyst Capital Advisors LLC purchased a new position in Regency Centers in the fourth quarter valued at approximately $54,000. Venturi Wealth Management LLC grew its holdings in Regency Centers by 4,400.0% during the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock valued at $63,000 after purchasing an additional 836 shares during the period. Finally, Farther Finance Advisors LLC increased 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 buying an additional 219 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $8,102,125.24. The trade was a 31.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lisa Palmer sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the transaction, the chief executive officer now 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 disclosure for this sale can be found here. Over the last ninety days, 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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Regency Centers Price Performance

REG stock traded up $0.98 during midday trading on Friday, reaching $69.40. The company had a trading volume of 908,517 shares, compared to its average volume of 1,068,965. The firm has a 50-day moving average price of $72.66 and a 200-day moving average price of $72.68. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The company 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.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share 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%. On average, research 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 declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers's payout ratio is currently 133.02%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on REG shares. Mizuho lifted their price objective on 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 cut their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, Evercore ISI lowered their target price on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Regency Centers currently has an average rating of "Moderate Buy" and an average 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.