Regency Centers Co. (NASDAQ:REG) Stock Holdings Increased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its stake in Regency Centers Co. (NASDAQ:REG) by 17.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 246,498 shares of the company’s stock after purchasing an additional 35,766 shares during the quarter. Daiwa Securities Group Inc. owned 0.14% of Regency Centers worth $18,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Glenmede Trust Co. NA raised its position in Regency Centers by 4.4% during the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock valued at $244,000 after acquiring an additional 141 shares in the last quarter. Coldstream Capital Management Inc. raised its position in Regency Centers by 4.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock valued at $286,000 after acquiring an additional 163 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Regency Centers by 3.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company’s stock valued at $356,000 after purchasing an additional 164 shares during the last quarter. Greenleaf Trust grew its holdings in Regency Centers by 3.8% during the fourth quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock valued at $350,000 after purchasing an additional 172 shares during the last quarter. Finally, Groupama Asset Managment grew its holdings in Regency Centers by 0.8% during the third quarter. Groupama Asset Managment now owns 27,046 shares of the company’s stock valued at $1,954,000 after purchasing an additional 212 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Down 0.0 %

Shares of NASDAQ REG opened at $73.94 on Tuesday. The stock has a market cap of $13.41 billion, a PE ratio of 34.88, a PEG ratio of 3.75 and a beta of 1.23. The business has a fifty day moving average of $72.93 and a two-hundred day moving average of $73.02. 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.

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, beating 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, equities research analysts expect that Regency Centers Co. will post 4.54 earnings per share 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 issued a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.81%. Regency Centers’s dividend payout ratio is 133.02%.

Analyst Upgrades and Downgrades

Several brokerages have commented on REG. Wells Fargo & Company lowered their price target on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. 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 raised their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Evercore ISI reduced their target price 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 equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Regency Centers presently has an average rating of “Moderate Buy” and an average price target of $78.08.

Insider Activity at Regency Centers

In related news, CEO Lisa Palmer sold 25,000 shares of Regency Centers 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 directly owns 139,923 shares in the company, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $1,472,000.00. Following the completion of the sale, the chief financial officer now owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. The trade was a 27.02 % 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 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.