New Age Alpha Advisors LLC Purchases 39,194 Shares of Regency Centers Co. (NASDAQ:REG)

New Age Alpha Advisors LLC increased its holdings in Regency Centers Co. (NASDAQ:REG) by 18,315.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,408 shares of the company’s stock after acquiring an additional 39,194 shares during the period. New Age Alpha Advisors LLC’s holdings in Regency Centers were worth $2,913,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of REG. Norges Bank bought a new position in Regency Centers in the 4th quarter valued at $1,262,425,000. State Street Corp boosted its holdings in shares of Regency Centers by 1.1% in the 3rd quarter. State Street Corp now owns 11,768,052 shares of the company’s stock worth $857,892,000 after buying an additional 131,300 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings 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 during the last quarter. Principal Financial Group Inc. grew its position in Regency Centers by 4.2% during 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. Finally, Boston Partners increased its holdings in Regency Centers by 6.9% during the fourth quarter. Boston Partners now owns 4,015,482 shares of the company’s stock worth $296,837,000 after buying an additional 259,748 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

REG has been the subject of a number of research reports. 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 research report on Wednesday. Evercore ISI reduced their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Finally, Mizuho boosted their target price on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Three 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. According to MarketBeat.com, Regency Centers currently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Regency Centers Trading Up 0.7 %

Shares of REG opened at $72.87 on Friday. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $78.18. The stock has a market cap of $13.22 billion, a PE ratio of 34.37, a P/E/G ratio of 3.75 and a beta of 1.23. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $73.12 and its 200-day moving average price is $72.96.

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

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.87%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s payout ratio is 133.02%.

Insider Buying and Selling at Regency Centers

In related 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 value of $1,831,500.00. Following the transaction, the chief executive officer now owns 139,923 shares of the company’s stock, valued at $10,250,758.98. This represents a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the sale, the chief financial officer now directly owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock valued at $6,977,500 in the last 90 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.