Regency Centers Co. (NASDAQ:REG) Stock Holdings Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 200.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,505 shares of the company's stock after purchasing an additional 60,336 shares during the period. Thrivent Financial for Lutherans' holdings in Regency Centers were worth $6,691,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in Regency Centers during the 4th quarter worth $26,000. National Pension Service purchased a new stake in shares of Regency Centers during the fourth quarter worth about $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Regency Centers in the fourth quarter worth about $54,000. Venturi Wealth Management LLC boosted its holdings 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 purchasing an additional 836 shares during the last quarter. Finally, Quest Partners LLC grew its stake in Regency Centers by 84.8% during the 3rd quarter. Quest Partners LLC now owns 937 shares of the company's stock valued at $68,000 after purchasing an additional 430 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

REG has been the topic of a number of recent analyst reports. Mizuho upped their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. Wells Fargo & Company decreased 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. Evercore ISI cut 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 research note on Tuesday, December 24th. Finally, BTIG Research lifted their price target on Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Three equities research 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.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $78.00.

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Insider Activity

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. This represents a 27.02 % decrease in their position. 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. Company insiders own 1.00% of the company's stock.

Regency Centers Stock Performance

Shares of Regency Centers stock traded down $0.44 on Thursday, reaching $72.39. 598,210 shares of the company were exchanged, compared to its average volume of 1,003,094. 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 $13.13 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 3.75 and a beta of 1.23. 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's 50-day moving average is $73.07 and its two-hundred day moving average is $72.99.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results 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, research analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.90%. 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.