Regency Centers Co. (NASDAQ:REG) Stake Increased by Proficio Capital Partners LLC

Proficio Capital Partners LLC raised its stake in shares of Regency Centers Co. (NASDAQ:REG) by 9.7% during the fourth quarter, HoldingsChannel reports. The fund owned 3,677 shares of the company’s stock after acquiring an additional 326 shares during the quarter. Proficio Capital Partners LLC’s holdings in Regency Centers were worth $272,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp lifted its position in shares of Regency Centers by 3.6% during the fourth quarter. M&T Bank Corp now owns 28,803 shares of the company’s stock worth $2,130,000 after purchasing an additional 1,007 shares during the last quarter. Assetmark Inc. lifted its holdings in Regency Centers by 2.4% during the 4th quarter. Assetmark Inc. now owns 18,759 shares of the company’s stock worth $1,387,000 after buying an additional 431 shares during the last quarter. Nicola Wealth Management LTD. acquired a new position in shares of Regency Centers in the 4th quarter worth approximately $1,663,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Regency Centers by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,328,510 shares of the company’s stock valued at $172,147,000 after acquiring an additional 15,975 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Regency Centers by 3.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company’s stock valued at $356,000 after acquiring an additional 164 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Stock Up 0.9 %

REG opened at $72.83 on Thursday. The stock’s 50 day moving average price is $73.07 and its 200 day moving average price is $72.99. 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 stock has a market cap of $13.21 billion, a P/E ratio of 34.35, a P/E/G ratio of 3.75 and a beta of 1.23. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $78.18.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.09 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, research analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on REG shares. Mizuho lifted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Evercore ISI decreased their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. BTIG Research increased 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, Wells Fargo & Company decreased their target price on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.00.

Insider Activity at Regency Centers

In other news, CFO Michael J. Mas sold 20,000 shares of the firm’s 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 transaction, the chief financial officer now owns 54,020 shares in the company, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction 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. This represents a 31.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,000 shares of company stock worth $6,977,500 over the last quarter. 1.00% of the stock is currently owned by company insiders.

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.