Regency Centers Co. (NASDAQ:REG) Position Increased by Stifel Financial Corp

Stifel Financial Corp increased its stake in shares of Regency Centers Co. (NASDAQ:REG) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,943 shares of the company’s stock after buying an additional 723 shares during the quarter. Stifel Financial Corp’s holdings in Regency Centers were worth $661,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Regency Centers during the fourth quarter valued at approximately $1,262,425,000. JPMorgan Chase & Co. raised its stake in shares of Regency Centers by 0.5% in the 4th quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company’s stock worth $823,711,000 after buying an additional 51,424 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Regency Centers by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock valued at $678,873,000 after buying an additional 366,427 shares during the period. Invesco Ltd. lifted its holdings in shares of Regency Centers by 121.2% in the fourth quarter. Invesco Ltd. now owns 5,374,450 shares of the company’s stock valued at $397,333,000 after buying an additional 2,944,854 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Regency Centers by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 4,568,525 shares of the company’s stock valued at $336,955,000 after buying an additional 86,644 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

REG has been the topic of several research reports. Wells Fargo & Company dropped their price target on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Scotiabank dropped their target price on shares of Regency Centers from $80.00 to $76.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 23rd. Three 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.08.

Regency Centers Stock Up 0.7%

REG stock opened at $72.38 on Monday. The company’s 50 day simple moving average is $71.61 and its 200-day simple moving average is $72.74. Regency Centers Co. has a 52-week low of $58.19 and a 52-week high of $78.18. 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 firm has a market capitalization of $13.14 billion, a P/E ratio of 34.14, a P/E/G ratio of 3.75 and a beta of 1.02.

Regency Centers (NASDAQ:REG) last announced its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.01. The company had revenue of $370.35 million for the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. During the same period in the previous year, the business earned $1.08 EPS. As a group, equities research analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Wednesday, June 11th. Regency Centers’s dividend payout ratio (DPR) is currently 133.02%.

Insider Activity

In other news, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the transaction, the chief executive officer now owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. This represents a 15.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the transaction, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. The trade was a 31.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock worth $6,977,500 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

About Regency Centers

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.