Legal & General Group Plc lifted its holdings in shares of Regency Centers Corp (NYSE:REG) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,142,701 shares of the real estate investment trust’s stock after purchasing an additional 26,741 shares during the period. Legal & General Group Plc owned 0.67% of Regency Centers worth $67,054,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in REG. Wells Fargo & Company MN boosted its holdings in Regency Centers by 10.5% in the third quarter. Wells Fargo & Company MN now owns 265,025 shares of the real estate investment trust’s stock valued at $17,139,000 after acquiring an additional 25,246 shares during the last quarter. SG Americas Securities LLC lifted its stake in Regency Centers by 6.2% in the third quarter. SG Americas Securities LLC now owns 29,735 shares of the real estate investment trust’s stock valued at $1,923,000 after buying an additional 1,744 shares during the period. JPMorgan Chase & Co. lifted its stake in Regency Centers by 8.3% in the third quarter. JPMorgan Chase & Co. now owns 3,739,185 shares of the real estate investment trust’s stock valued at $241,813,000 after buying an additional 285,982 shares during the period. Prudential Financial Inc. lifted its stake in Regency Centers by 2.2% in the third quarter. Prudential Financial Inc. now owns 168,068 shares of the real estate investment trust’s stock valued at $10,869,000 after buying an additional 3,630 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Regency Centers by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 1,981,523 shares of the real estate investment trust’s stock valued at $128,144,000 after buying an additional 79,055 shares during the period. Institutional investors own 93.87% of the company’s stock.

NYSE:REG opened at $67.34 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. The stock has a market cap of $11.08 billion, a P/E ratio of 18.25, a PEG ratio of 2.50 and a beta of 0.37. Regency Centers Corp has a 52-week low of $55.38 and a 52-week high of $67.41.

Regency Centers (NYSE:REG) last posted its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.48). The firm had revenue of $277.07 million for the quarter, compared to the consensus estimate of $269.96 million. Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. During the same quarter in the previous year, the business posted $0.92 earnings per share. On average, research analysts predict that Regency Centers Corp will post 3.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Monday, February 25th were issued a dividend of $0.585 per share. The ex-dividend date of this dividend was Friday, February 22nd. This is an increase from Regency Centers’s previous quarterly dividend of $0.56. This represents a $2.34 dividend on an annualized basis and a dividend yield of 3.48%. Regency Centers’s dividend payout ratio (DPR) is presently 63.41%.

REG has been the topic of several analyst reports. BMO Capital Markets set a $64.00 target price on Regency Centers and gave the company a “hold” rating in a research note on Thursday, February 14th. Zacks Investment Research raised Regency Centers from a “sell” rating to a “hold” rating in a research report on Monday, March 11th. Jefferies Financial Group reaffirmed a “hold” rating and set a $66.00 price target on shares of Regency Centers in a research report on Monday, December 17th. Royal Bank of Canada lowered Regency Centers from a “top pick” rating to an “outperform” rating and set a $62.30 price target on the stock. in a research report on Friday, December 14th. Finally, Citigroup set a $75.00 price target on Regency Centers and gave the stock a “buy” rating in a research report on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $69.23.

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 2,621 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $64.27, for a total value of $168,451.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dan M. Chandler III sold 4,033 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $65.19, for a total value of $262,911.27. Following the completion of the transaction, the vice president now owns 15,457 shares of the company’s stock, valued at $1,007,641.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,941 shares of company stock valued at $6,633,625. 1.10% of the stock is owned by corporate insiders.

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Regency Centers Company Profile

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.

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Institutional Ownership by Quarter for Regency Centers (NYSE:REG)

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