Gamco Investors INC. ET AL Has $3.38 Million Stake in Regency Centers Co. (NASDAQ:REG)

Gamco Investors INC. ET AL lowered its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,729 shares of the company’s stock after selling 1,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Regency Centers were worth $3,381,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in Regency Centers during the 4th quarter worth about $1,262,425,000. JPMorgan Chase & Co. grew its holdings in shares of Regency Centers by 0.5% during the fourth 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. raised its position in Regency Centers by 4.2% in the 4th 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 last quarter. Invesco Ltd. lifted its stake in Regency Centers by 121.2% in the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company’s stock valued at $397,333,000 after acquiring an additional 2,944,854 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Regency Centers by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,568,525 shares of the company’s stock worth $336,955,000 after acquiring an additional 86,644 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Transactions at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company’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 transaction, the chairman now directly owns 110,263 shares of the company’s stock, valued at $8,102,125.24. This represents a 31.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction on 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 $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,000 shares of company stock worth $6,977,500. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on REG shares. Wells Fargo & Company lowered their price objective on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Evercore ISI lowered their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Finally, Mizuho increased their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Regency Centers Trading Up 2.1 %

Shares of NASDAQ:REG opened at $71.66 on Friday. Regency Centers Co. has a 52-week low of $56.94 and a 52-week high of $78.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The company has a market capitalization of $13.01 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03. The company has a 50-day simple moving average of $72.44 and a 200 day simple moving average of $72.65.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (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%. Sell-side analysts forecast 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 was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Wednesday, March 12th. Regency Centers’s payout ratio is presently 133.02%.

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.