Regency Centers Co. (NASDAQ:REG) Position Increased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Regency Centers Co. (NASDAQ:REG) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,568,525 shares of the company’s stock after buying an additional 86,644 shares during the quarter. Geode Capital Management LLC’s holdings in Regency Centers were worth $336,955,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of REG. Heck Capital Advisors LLC bought a new stake in Regency Centers in the fourth quarter worth $26,000. National Pension Service bought a new position in shares of Regency Centers in the 4th quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new stake in Regency Centers in the 4th quarter worth approximately $54,000. Venturi Wealth Management LLC boosted its position in 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, Farther Finance Advisors LLC lifted its stake in shares of Regency Centers by 27.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock worth $74,000 after buying an additional 219 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

REG has been the topic of several research analyst reports. Evercore ISI lowered their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Mizuho increased 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. Finally, Wells Fargo & Company decreased their target price on Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company’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 value 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 approximately $8,102,125.24. This represents a 31.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction on 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 transaction, 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 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 over the last ninety days. Insiders own 1.00% of the company’s stock.

Regency Centers Trading Down 4.6 %

Shares of REG opened at $68.77 on Friday. 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 company has a market cap of $12.48 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 3.75 and a beta of 1.03. The stock has a fifty day moving average price of $73.23 and a two-hundred day moving average price of $72.91. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $78.18.

Regency Centers (NASDAQ:REG) last announced its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share 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%. Analysts predict that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 4.10%. The ex-dividend date was Wednesday, March 12th. Regency Centers’s dividend payout ratio is 133.02%.

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.