Regency Centers Co. (NASDAQ:REG) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 104.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,038 shares of the company's stock after purchasing an additional 10,221 shares during the quarter. Sanctuary Advisors LLC's holdings in Regency Centers were worth $1,442,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Creative Planning increased its holdings in shares of Regency Centers by 6.5% in the third quarter. Creative Planning now owns 13,276 shares of the company's stock worth $959,000 after purchasing an additional 816 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Regency Centers by 7,209.8% during the 3rd quarter. International Assets Investment Management LLC now owns 18,567 shares of the company's stock valued at $1,341,000 after buying an additional 18,313 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Regency Centers by 43.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,817 shares of the company's stock worth $492,000 after acquiring an additional 2,073 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of Regency Centers during the 3rd quarter worth approximately $210,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Regency Centers by 36.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,570 shares of the company's stock valued at $1,898,000 after acquiring an additional 7,044 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 value of $1,831,500.00. Following the completion of the sale, the chief executive officer now directly owns 139,923 shares of the company's stock, valued at $10,250,758.98. This represents a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on REG. BTIG Research boosted their price target on shares of Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Wells Fargo & Company reduced their target price on shares of Regency Centers from $81.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Mizuho increased their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. Robert W. Baird boosted their price objective on Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised their price objective on Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $78.08.

Regency Centers Trading Up 1.5 %

Regency Centers stock traded up $1.14 during mid-day trading on Friday, hitting $76.70. The company's stock had a trading volume of 1,880,550 shares, compared to its average volume of 959,136. 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 company has a 50 day moving average of $72.69 and a 200-day moving average of $72.72. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.88. The stock has a market cap of $13.91 billion, a PE ratio of 36.18, a P/E/G ratio of 3.75 and a beta of 1.22.

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

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.68%. Regency Centers's payout ratio is 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.