UniSuper Management Pty Ltd Grows Stock Position in Regency Centers Co. (NASDAQ:REG)

UniSuper Management Pty Ltd grew its position in shares of Regency Centers Co. (NASDAQ:REG) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,264 shares of the company’s stock after purchasing an additional 3,221 shares during the period. UniSuper Management Pty Ltd’s holdings in Regency Centers were worth $5,786,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in Regency Centers during the fourth quarter valued at approximately $26,000. National Pension Service acquired a new stake in shares of Regency Centers during the 4th quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new position in Regency Centers during the fourth quarter worth $54,000. Venturi Wealth Management LLC boosted its holdings in Regency Centers by 4,400.0% in the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company’s stock worth $63,000 after purchasing an additional 836 shares during the period. Finally, Quest Partners LLC raised its holdings in shares of Regency Centers by 84.8% during the third quarter. Quest Partners LLC now owns 937 shares of the company’s stock worth $68,000 after purchasing an additional 430 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Stock Down 0.6 %

REG stock opened at $72.39 on Friday. The firm’s 50-day moving average is $73.08 and its two-hundred day moving average is $72.99. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $78.18.

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

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Insider Buying and Selling at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now owns 139,923 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the sale, the chairman now directly owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. This represents a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

REG has been the subject of several research reports. 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. 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. Finally, Mizuho raised 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 equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

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.