Wellington Management Group LLP Boosts Holdings in Regency Centers Co. (NASDAQ:REG)

Wellington Management Group LLP boosted its position in shares of Regency Centers Co. (NASDAQ:REG) by 185.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 42,642 shares of the company’s stock after purchasing an additional 27,725 shares during the quarter. Wellington Management Group LLP’s holdings in Regency Centers were worth $3,153,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in shares of Regency Centers during the fourth quarter valued at approximately $26,000. National Pension Service purchased a new stake in Regency Centers during the 4th quarter valued at $27,000. Catalyst Capital Advisors LLC bought a new stake in shares of Regency Centers in the 4th quarter worth $54,000. Venturi Wealth Management LLC raised its stake in shares of 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 last quarter. Finally, Farther Finance Advisors LLC lifted 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 valued at $74,000 after purchasing an additional 219 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Trading Up 1.4 %

Shares of REG stock opened at $69.40 on Friday. 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 company has a market cap of $12.60 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 3.75 and a beta of 1.03. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $78.18. The firm has a fifty day moving average price of $72.66 and a 200-day moving average price of $72.68.

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

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date was 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 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 completion of the sale, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at $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 95,000 shares of company stock valued at $6,977,500 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on REG. Wells Fargo & Company reduced their price objective on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Mizuho boosted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Finally, Evercore ISI lowered their price objective on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Regency Centers Company 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.