New Age Alpha Advisors LLC Buys 39,194 Shares of Regency Centers Co. (NASDAQ:REG)

New Age Alpha Advisors LLC increased its stake in Regency Centers Co. (NASDAQ:REG) by 18,315.0% in the fourth quarter, HoldingsChannel reports. The fund owned 39,408 shares of the company’s stock after purchasing an additional 39,194 shares during the period. New Age Alpha Advisors LLC’s holdings in Regency Centers were worth $2,913,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in Regency Centers during the 4th quarter valued at $26,000. National Pension Service bought a new position in shares of Regency Centers during the fourth quarter valued at about $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Regency Centers during the fourth quarter worth about $54,000. Venturi Wealth Management LLC boosted its holdings in shares of Regency Centers by 4,400.0% during the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company’s stock worth $63,000 after purchasing an additional 836 shares during the period. Finally, Quest Partners LLC grew its stake in shares of Regency Centers by 84.8% in the third quarter. Quest Partners LLC now owns 937 shares of the company’s stock worth $68,000 after purchasing an additional 430 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Transactions at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction 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 $8,102,125.24. This trade represents 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 available at the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 139,923 shares in the company, valued at $10,250,758.98. This trade represents a 15.16 % 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 quarter. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

REG has been the subject of a number of recent analyst reports. Evercore ISI lowered their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Wells Fargo & Company dropped their price target on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Mizuho lifted their price target 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. 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, Regency Centers has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Regency Centers Trading Up 0.7 %

Shares of NASDAQ REG opened at $72.87 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 debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The firm has a 50-day moving average of $73.12 and a 200 day moving average of $72.96. The stock has a market cap of $13.22 billion, a P/E ratio of 34.37, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG) last released its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.705 per share. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.87%. Regency Centers’s payout ratio is presently 133.02%.

Regency Centers 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.