Charles Schwab Investment Management Inc. Acquires 15,975 Shares of Regency Centers Co. (NASDAQ:REG)

Charles Schwab Investment Management Inc. increased its stake in shares of Regency Centers Co. (NASDAQ:REG) by 0.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,328,510 shares of the company’s stock after acquiring an additional 15,975 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Regency Centers were worth $172,147,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. State Street Corp grew its position in Regency Centers by 1.1% in the 3rd quarter. State Street Corp now owns 11,768,052 shares of the company’s stock worth $857,892,000 after purchasing an additional 131,300 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Regency Centers by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock valued at $801,056,000 after purchasing an additional 435,932 shares during the period. Principal Financial Group Inc. grew its stake in Regency Centers by 4.2% in the 4th quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock valued at $678,873,000 after purchasing an additional 366,427 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Regency Centers by 1,138.5% in the 3rd 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. Finally, Bank of New York Mellon Corp grew its stake in Regency Centers by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,467,980 shares of the company’s stock valued at $108,528,000 after purchasing an additional 45,514 shares during the period. Institutional investors own 96.07% of the company’s stock.

Insider Transactions at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of the business’s 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 sale, the chief executive officer now owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. The trade was 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, CFO Michael J. Mas sold 20,000 shares of the business’s 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 sale, the chief financial officer now directly owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Regency Centers Stock Down 0.7 %

Shares of NASDAQ:REG opened at $73.96 on Friday. The firm has a fifty day moving average of $72.92 and a 200 day moving average of $72.94. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $78.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The firm has a market capitalization of $13.41 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG) last posted 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 return on equity of 5.91% and a net margin of 27.54%. As a group, research analysts anticipate 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. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Analysts Set New Price Targets

A number of research analysts have issued reports on REG shares. Mizuho upped their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Evercore ISI reduced their target price on shares of 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. BTIG Research increased their target price 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, Wells Fargo & Company reduced their target price on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and a consensus target price of $78.08.

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.