Unigestion Holding SA Buys 8,300 Shares of Regency Centers Co. (NASDAQ:REG)

Unigestion Holding SA grew its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 99.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,644 shares of the company's stock after buying an additional 8,300 shares during the quarter. Unigestion Holding SA's holdings in Regency Centers were worth $1,230,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in REG. Heck Capital Advisors LLC purchased a new stake in shares of Regency Centers during the fourth quarter worth about $26,000. National Pension Service acquired a new position in Regency Centers during the 4th quarter worth $27,000. Catalyst Capital Advisors LLC bought a new stake in shares of Regency Centers in the 4th quarter worth about $54,000. Venturi Wealth Management LLC raised its stake in shares of 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 purchasing an additional 836 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake 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 purchasing an additional 219 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Price Performance

NASDAQ:REG traded down $1.21 during mid-day trading on Thursday, hitting $68.45. The company's stock had a trading volume of 576,590 shares, compared to its average volume of 1,072,502. The company has a market capitalization of $12.43 billion, a price-to-earnings ratio of 32.04, a P/E/G ratio of 3.75 and a beta of 1.03. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $78.18. The stock has a fifty day moving average of $72.77 and a 200-day moving average of $72.73.

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%. As a group, equities analysts forecast that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Insider Transactions at Regency Centers

In related news, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 139,923 shares in the company, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 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. Insiders sold a total of 95,000 shares of company stock worth $6,977,500 in the last quarter. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on REG. Evercore ISI dropped 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. Wells Fargo & Company dropped their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Finally, Mizuho boosted their price objective on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. 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 currently has a consensus rating of "Moderate Buy" and an average price target of $78.00.

About Regency Centers

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.