Wellington Management Group LLP Raises Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Wellington Management Group LLP raised its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 185.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 42,642 shares of the company's stock after acquiring an additional 27,725 shares during the period. Wellington Management Group LLP's holdings in Regency Centers were worth $3,153,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanctuary Advisors LLC raised its holdings in shares of Regency Centers by 104.1% in the 4th quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock worth $1,442,000 after acquiring an additional 10,221 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Regency Centers in the fourth quarter valued at approximately $1,499,000. Pacer Advisors Inc. grew its holdings in Regency Centers by 196.1% during the fourth quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock worth $2,680,000 after buying an additional 24,003 shares in the last quarter. HighTower Advisors LLC raised its position in Regency Centers by 47.3% in the 3rd quarter. HighTower Advisors LLC now owns 29,342 shares of the company's stock valued at $2,121,000 after buying an additional 9,424 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Regency Centers during the 3rd quarter valued at $953,000. Institutional investors own 96.07% of the company's stock.

Regency Centers Stock Performance

Shares of REG stock traded up $0.98 during trading on Friday, reaching $69.40. 908,517 shares of the company's stock traded hands, compared to its average volume of 1,068,965. The firm's 50-day moving average is $72.66 and its 200 day moving average is $72.68. The company has a market capitalization of $12.60 billion, a P/E ratio of 32.74, a PEG ratio of 3.75 and a beta of 1.03. Regency Centers Co. has a 1 year low of $56.51 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.

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Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping 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%. Equities research analysts expect that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Insiders Place Their Bets

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company's stock in a transaction 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 completion of the transaction, the chairman now directly owns 110,263 shares in the company, valued at approximately $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the chief financial officer now directly owns 54,020 shares of the company's stock, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,000 shares of company stock worth $6,977,500 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Mizuho increased their target price on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a 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 research note on Wednesday, March 26th. Finally, Evercore ISI reduced their target price on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. 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, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.