Wells Fargo & Company MN Has $13.71 Million Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Wells Fargo & Company MN boosted its stake in shares of Regency Centers Co. (NASDAQ:REG) by 11.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 185,469 shares of the company’s stock after buying an additional 19,309 shares during the period. Wells Fargo & Company MN’s holdings in Regency Centers were worth $13,712,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in Regency Centers in the 4th quarter valued at $26,000. National Pension Service bought a new stake in shares of Regency Centers in the fourth quarter valued at about $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Regency Centers during the fourth quarter worth about $54,000. Venturi Wealth Management LLC boosted its position in shares of 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 buying an additional 836 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of Regency Centers by 27.9% during 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 in the last quarter. Institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

REG has been the subject of a number of recent research reports. Evercore ISI reduced 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. Wells Fargo & Company reduced their target price on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Finally, Mizuho lifted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. 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. Based on data from MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Regency Centers Trading Up 1.5 %

Shares of Regency Centers stock opened at $70.41 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The business has a fifty day simple moving average of $72.60 and a two-hundred day simple moving average of $72.69. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $78.18. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG) last posted 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 net margin of 27.54% and a return on equity of 5.91%. Research analysts forecast that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers’s payout ratio is 133.02%.

Insider Transactions at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction that occurred on 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 transaction, the chairman now owns 110,263 shares in the company, valued at $8,102,125.24. This represents a 31.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,000 shares of company stock worth $6,977,500. Company insiders own 1.00% of the company’s stock.

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.