Gamco Investors INC. ET AL Sells 1,000 Shares of Regency Centers Co. (NASDAQ:REG)

Gamco Investors INC. ET AL trimmed its stake in shares of Regency Centers Co. (NASDAQ:REG) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 45,729 shares of the company’s stock after selling 1,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Regency Centers were worth $3,381,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in Regency Centers by 3.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company’s stock valued at $356,000 after purchasing an additional 164 shares in the last quarter. Greenleaf Trust raised its position in shares of Regency Centers by 3.8% in the 4th quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock valued at $350,000 after buying an additional 172 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Regency Centers by 27.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock valued at $74,000 after buying an additional 219 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Regency Centers by 7.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,395 shares of the company’s stock worth $251,000 after acquiring an additional 244 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Regency Centers by 17.5% during the 4th quarter. Signaturefd LLC now owns 1,757 shares of the company’s stock worth $130,000 after acquiring an additional 262 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’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 transaction, the chairman now owns 110,263 shares in the company, valued at $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were 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 directly owns 139,923 shares in the company, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is currently owned by company insiders.

Regency Centers Stock Performance

Shares of REG stock opened at $71.66 on Friday. The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 3.75 and a beta of 1.03. 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 price is $72.44 and its 200-day moving average price is $72.65. Regency Centers Co. has a 12 month low of $56.94 and a 12 month high of $78.18.

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

Regency Centers Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers’s dividend payout ratio is currently 133.02%.

Analyst Ratings Changes

REG has been the subject of several recent analyst reports. Mizuho upped their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Evercore ISI dropped their price objective 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. Finally, Wells Fargo & Company reduced their price objective on Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and an average 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.