United Capital Financial Advisors LLC Buys Shares of 6,456 Regency Centers Co. (NASDAQ:REG)

United Capital Financial Advisors LLC bought a new stake in Regency Centers Co. (NASDAQ:REG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,456 shares of the company's stock, valued at approximately $477,000.

Several other large investors have also modified their holdings of the business. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Regency Centers in the 4th quarter valued at $39,000. Walleye Capital LLC purchased a new stake in Regency Centers during the fourth quarter worth about $813,000. Mariner LLC lifted its position in shares of Regency Centers by 18.8% during the fourth quarter. Mariner LLC now owns 12,693 shares of the company's stock worth $938,000 after purchasing an additional 2,005 shares in the last quarter. Trustmark National Bank Trust Department boosted its stake in shares of Regency Centers by 12.8% in the fourth quarter. Trustmark National Bank Trust Department now owns 11,228 shares of the company's stock valued at $830,000 after purchasing an additional 1,272 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in shares of Regency Centers by 53.1% in the fourth quarter. Sterling Capital Management LLC now owns 10,728 shares of the company's stock valued at $793,000 after purchasing an additional 3,721 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Stock Performance

Shares of NASDAQ REG traded down $0.23 during trading hours on Wednesday, reaching $72.09. The stock had a trading volume of 756,900 shares, compared to its average volume of 1,054,480. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 3.75 and a beta of 1.03. Regency Centers Co. has a fifty-two week low of $58.08 and a fifty-two week high of $78.18. The firm has a 50-day moving average of $72.25 and a 200-day moving average of $72.67. 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 (NASDAQ:REG - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (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%. Equities research analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Insider Buying and Selling at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of Regency Centers 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 sale, the chief executive officer now owns 139,923 shares of the company's stock, valued at $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction dated 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 transaction, the chairman now directly owns 110,263 shares of the company's stock, valued at $8,102,125.24. This represents a 31.20 % 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 valued at $6,977,500 in the last ninety days. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on REG shares. Scotiabank dropped their price target on shares of Regency Centers from $80.00 to $76.00 and set a "sector perform" rating for the company in a research note on Wednesday. Mizuho increased their price target 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 lowered their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Finally, Evercore ISI reduced 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 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $78.08.

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.