Ieq Capital LLC Purchases 1,423 Shares of Regency Centers Co. (NASDAQ:REG)

Ieq Capital LLC boosted its holdings in Regency Centers Co. (NASDAQ:REG) by 41.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,876 shares of the company’s stock after purchasing an additional 1,423 shares during the quarter. Ieq Capital LLC’s holdings in Regency Centers were worth $360,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of REG. Glenmede Trust Co. NA raised its position in shares of Regency Centers by 4.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock valued at $244,000 after buying an additional 141 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in Regency Centers by 4.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock worth $286,000 after purchasing an additional 163 shares during the last quarter. Greenleaf Trust boosted its holdings in shares of Regency Centers by 3.8% in the 4th quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock valued at $350,000 after purchasing an additional 172 shares in the last quarter. Groupama Asset Managment increased its stake in shares of Regency Centers by 0.8% in the 3rd 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. Finally, Ballentine Partners LLC raised its holdings in shares of Regency Centers by 9.4% during the 4th quarter. Ballentine Partners LLC now owns 3,178 shares of the company’s stock worth $235,000 after buying an additional 272 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the 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 sale, the chief financial officer now owns 54,020 shares in the company, valued at $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the transaction, the chief executive officer now owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. This trade 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 insiders.

Analyst Upgrades and Downgrades

REG has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Robert W. Baird increased their price target on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Wells Fargo & Company reduced their price objective on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Evercore ISI dropped 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. Finally, Mizuho boosted their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Three 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.08.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $75.56 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.53. The business has a 50-day simple moving average of $72.69 and a 200 day simple moving average of $72.72. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 3.75 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last issued its earnings results 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%. On average, research analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently declared 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 of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.73%. Regency Centers’s 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.