Regency Centers Co. (NASDAQ:REG) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its position in Regency Centers Co. (NASDAQ:REG) by 200.0% in the fourth quarter, HoldingsChannel reports. The fund owned 90,505 shares of the company’s stock after acquiring an additional 60,336 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Regency Centers were worth $6,691,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. State Street Corp increased its stake in shares of Regency Centers by 1.1% in the 3rd quarter. State Street Corp now owns 11,768,052 shares of the company’s stock valued at $857,892,000 after purchasing an additional 131,300 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Regency Centers by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock valued at $801,056,000 after buying an additional 435,932 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Regency Centers by 4.2% during the 4th quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock worth $678,873,000 after buying an additional 366,427 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Regency Centers by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,328,510 shares of the company’s stock valued at $172,147,000 after buying an additional 15,975 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 worth $149,932,000 after acquiring an additional 1,908,153 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Down 0.7 %

NASDAQ REG opened at $71.50 on Monday. The business’s fifty day simple moving average is $72.97 and its 200-day simple moving average is $73.00. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The firm has a market cap of $12.97 billion, a PE ratio of 33.73, a P/E/G ratio of 3.75 and a beta of 1.23. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $78.18.

Regency Centers (NASDAQ:REG) last posted its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share 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, equities analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.94%. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of 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 increased their target price on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Mizuho lifted their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Finally, Evercore ISI dropped 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. Three investment 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 stock. According to MarketBeat.com, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.08.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction dated 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 directly owns 110,263 shares in the company, 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, CFO Michael J. Mas sold 20,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now 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 have sold 95,000 shares of company stock worth $6,977,500 over the last quarter. 1.00% of the stock is currently owned by company insiders.

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.