Regency Centers Co. (NASDAQ:REG) Holdings Boosted by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its holdings in Regency Centers Co. (NASDAQ:REG) by 4.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 78,264 shares of the company’s stock after purchasing an additional 3,221 shares during the period. UniSuper Management Pty Ltd’s holdings in Regency Centers were worth $5,786,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of REG. JPMorgan Chase & Co. lifted its position in shares of Regency Centers by 0.5% in the fourth quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company’s stock worth $823,711,000 after purchasing an additional 51,424 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its position in Regency Centers by 3.6% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 16,161 shares of the company’s stock worth $1,195,000 after buying an additional 569 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Regency Centers by 9.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 380,569 shares of the company’s stock valued at $27,793,000 after buying an additional 31,401 shares during the period. Korea Investment CORP boosted its stake in shares of Regency Centers by 70.4% during the 4th quarter. Korea Investment CORP now owns 109,851 shares of the company’s stock valued at $8,121,000 after buying an additional 45,372 shares during the period. Finally, Prudential Financial Inc. grew its holdings in shares of Regency Centers by 51.7% during the 4th quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company’s stock valued at $159,363,000 after acquiring an additional 734,210 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Trading Down 0.6 %

REG stock opened at $72.39 on Friday. 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. The business’s 50 day moving average is $73.08 and its 200-day moving average is $72.99. The firm has a market cap of $13.13 billion, a P/E ratio of 34.15, a P/E/G ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG) last announced 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%. Equities analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is currently 133.02%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on REG shares. 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 target on Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Evercore ISI dropped their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Insider Activity at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the sale, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the transaction, the chief financial officer now directly owns 54,020 shares of the company’s stock, valued at $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 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.

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.