3,879 Shares in Regency Centers Co. (NASDAQ:REG) Bought by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. bought a new stake in Regency Centers Co. (NASDAQ:REG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,879 shares of the company’s stock, valued at approximately $287,000.

Other institutional investors have also bought and sold shares of the company. State Street Corp grew its position in shares of Regency Centers by 1.1% during the 3rd quarter. State Street Corp now owns 11,768,052 shares of the company’s stock worth $857,892,000 after buying an additional 131,300 shares during the period. JPMorgan Chase & Co. boosted its stake in Regency Centers by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock worth $801,056,000 after acquiring an additional 435,932 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Regency Centers by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock worth $678,873,000 after purchasing an additional 366,427 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Regency Centers by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company’s stock valued at $167,034,000 after purchasing an additional 71,278 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Regency Centers by 1,138.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock valued at $149,932,000 after purchasing an additional 1,908,153 shares during the period. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling

In related news, CEO Lisa Palmer sold 25,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the completion of the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on REG shares. Robert W. Baird raised their target price on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. KeyCorp assumed coverage on Regency Centers in a research note on Friday, October 25th. They issued an “overweight” rating and a $80.00 price objective for the company. Wells Fargo & Company lowered their target price on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. BTIG Research lifted their price target on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Mizuho upped their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Three investment 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.08.

Regency Centers Stock Performance

NASDAQ REG opened at $73.33 on Friday. The company has a fifty day moving average price of $72.61 and a 200-day moving average price of $72.57. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 3.75 and a beta of 1.21. 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 Co. has a 1 year low of $56.51 and a 1 year high of $76.53.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities research analysts predict that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently declared 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 3.85%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s payout ratio is 133.02%.

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.