Susquehanna Fundamental Investments LLC Acquires Shares of 183,072 Regency Centers Co. (NASDAQ:REG)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 183,072 shares of the company's stock, valued at approximately $13,535,000. Susquehanna Fundamental Investments LLC owned 0.10% of Regency Centers at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. World Investment Advisors LLC purchased a new position in Regency Centers in the 3rd quarter valued at $782,000. Tidal Investments LLC lifted its stake in shares of Regency Centers by 17.8% in the 3rd quarter. Tidal Investments LLC now owns 7,417 shares of the company's stock worth $536,000 after acquiring an additional 1,120 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Regency Centers by 6.3% in the third quarter. Franklin Resources Inc. now owns 278,647 shares of the company's stock valued at $19,703,000 after acquiring an additional 16,617 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Regency Centers by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock worth $801,056,000 after acquiring an additional 435,932 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Regency Centers by 39.9% during the fourth quarter. GAMMA Investing LLC now owns 3,891 shares of the company's stock worth $288,000 after acquiring an additional 1,109 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the sale, the chairman now directly owns 110,263 shares of the company's stock, valued at approximately $8,102,125.24. This trade represents a 31.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the company'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 transaction of $1,831,500.00. Following the transaction, the chief executive officer now directly owns 139,923 shares of the company's stock, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,000 shares of company stock valued at $6,977,500. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Scotiabank reduced their price target on Regency Centers from $80.00 to $76.00 and set a "sector perform" rating for the company in a report on Wednesday. Mizuho raised their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $78.08.

Regency Centers Trading Down 0.0 %

Shares of REG opened at $71.42 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. Regency Centers Co. has a 1-year low of $58.08 and a 1-year high of $78.18. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03. The firm has a 50 day simple moving average of $72.20 and a 200-day simple moving average of $72.69.

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, 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 forecast that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers's dividend payout ratio is presently 133.02%.

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.

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