Walleye Capital LLC Takes $813,000 Position in Regency Centers Co. (NASDAQ:REG)

Walleye Capital LLC acquired a new position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,991 shares of the company's stock, valued at approximately $813,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC boosted its stake in shares of Regency Centers by 26.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,817 shares of the company's stock worth $729,000 after buying an additional 2,042 shares during the last quarter. World Investment Advisors LLC acquired a new position in Regency Centers during the third quarter valued at approximately $782,000. Tidal Investments LLC grew its stake in Regency Centers by 17.8% in the third quarter. Tidal Investments LLC now owns 7,417 shares of the company's stock valued at $536,000 after purchasing an additional 1,120 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Regency Centers by 6.3% during the 3rd quarter. Franklin Resources Inc. now owns 278,647 shares of the company's stock worth $19,703,000 after purchasing an additional 16,617 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Regency Centers by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock worth $801,056,000 after purchasing an additional 435,932 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the business's 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 completion of the transaction, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa Palmer sold 25,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 139,923 shares in the company, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock valued at $6,977,500 in the last three months. Corporate insiders own 1.00% of the company's stock.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $70.78 on Tuesday. The business's 50 day moving average is $72.31 and its 200-day moving average is $72.67. The firm has a market cap of $12.85 billion, a P/E ratio of 33.39, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03. Regency Centers Co. has a 1-year low of $58.08 and a 1-year high of $78.18. 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, beating 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 Dividend Announcement

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 dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers's dividend payout ratio is currently 133.02%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on REG. Evercore ISI decreased their target price on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. Wells Fargo & Company lowered their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Finally, Mizuho raised their target price on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Regency Centers currently has an average rating of "Moderate Buy" and a consensus target price of $78.00.

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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