Wells Fargo & Company MN Increases Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Wells Fargo & Company MN grew its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 185,469 shares of the company's stock after acquiring an additional 19,309 shares during the quarter. Wells Fargo & Company MN owned about 0.10% of Regency Centers worth $13,712,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC boosted its stake in 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 purchasing an additional 10,221 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Regency Centers in the fourth quarter worth $1,499,000. Pacer Advisors Inc. boosted its position in shares of Regency Centers by 196.1% in 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 during the period. Contravisory Investment Management Inc. purchased a new position in shares of Regency Centers during the fourth quarter valued at $567,000. Finally, JPMorgan Chase & Co. raised its position in Regency Centers by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock valued at $801,056,000 after buying an additional 435,932 shares during the period. Institutional investors own 96.07% of the company's stock.

Regency Centers Stock Performance

Regency Centers stock traded up $1.45 during mid-day trading on Friday, hitting $71.66. 635,249 shares of the company's stock traded hands, compared to its average volume of 1,059,426. Regency Centers Co. has a fifty-two week low of $57.79 and a fifty-two week high of $78.18. The stock has a market cap of $13.01 billion, a price-to-earnings ratio of 33.80, a P/E/G ratio of 3.75 and a beta of 1.03. The firm has a 50 day simple moving average of $72.38 and a two-hundred day simple moving average of $72.65. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. On average, research analysts expect that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.705 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.94%. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Analyst Ratings Changes

REG has been the subject of a number of research reports. Mizuho lifted 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. Wells Fargo & Company lowered their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Finally, Evercore ISI cut their target price on 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. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Regency Centers has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Insider Activity 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 stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the transaction, the chief executive officer now directly owns 139,923 shares of the company's stock, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the sale, the chairman now owns 110,263 shares of the company's stock, valued at approximately $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,000 shares of company stock valued at $6,977,500 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

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.