QRG Capital Management Inc. Boosts Stock Position in Regency Centers Co. (NASDAQ:REG)

QRG Capital Management Inc. increased its holdings in Regency Centers Co. (NASDAQ:REG) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,967 shares of the company’s stock after purchasing an additional 6,240 shares during the period. QRG Capital Management Inc.’s holdings in Regency Centers were worth $5,838,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of REG. Creative Planning raised its position in Regency Centers by 6.5% during the third quarter. Creative Planning now owns 13,276 shares of the company’s stock valued at $959,000 after purchasing an additional 816 shares during the period. International Assets Investment Management LLC increased its position in shares of Regency Centers by 7,209.8% during the 3rd quarter. International Assets Investment Management LLC now owns 18,567 shares of the company’s stock valued at $1,341,000 after purchasing an additional 18,313 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Regency Centers by 43.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 6,817 shares of the company’s stock valued at $492,000 after buying an additional 2,073 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Regency Centers by 36.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,570 shares of the company’s stock worth $1,898,000 after buying an additional 7,044 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Regency Centers by 0.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 80,078 shares of the company’s stock worth $5,674,000 after buying an additional 644 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Activity at Regency Centers

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were 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 of the company’s stock, valued at approximately $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 $10,250,758.98. This represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Regency Centers Price Performance

Shares of REG stock opened at $76.70 on Friday. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $76.88. 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 stock has a fifty day simple moving average of $72.75 and a two-hundred day simple moving average of $72.76. The stock has a market capitalization of $13.91 billion, a price-to-earnings ratio of 36.18, a P/E/G ratio of 3.75 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data 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%. On average, analysts predict that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.68%. Regency Centers’s dividend payout ratio is presently 133.02%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on REG. Wells Fargo & Company reduced 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 note on Wednesday, January 29th. Evercore ISI reduced their price objective on shares of 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 raised their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. BTIG Research upped their target price on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. raised their price target on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.