Zurcher Kantonalbank Zurich Cantonalbank Acquires 196,775 Shares of Regency Centers Co. (NASDAQ:REG)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Regency Centers Co. (NASDAQ:REG) by 115.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,238 shares of the company’s stock after buying an additional 196,775 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Regency Centers were worth $27,150,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp raised its holdings in 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 acquiring an additional 131,300 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Regency Centers by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock worth $801,056,000 after purchasing an additional 435,932 shares during the period. Principal Financial Group Inc. lifted its position in shares of Regency Centers by 4.2% during the 4th quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock worth $678,873,000 after purchasing an additional 366,427 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Regency Centers by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,328,510 shares of the company’s stock valued at $172,147,000 after purchasing an additional 15,975 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Regency Centers by 1,138.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock valued at $149,932,000 after buying an additional 1,908,153 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, 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 completion of the transaction, the chief financial officer now owns 54,020 shares in the company, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. The trade was a 15.16 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

REG has been the subject of a number of research analyst reports. Evercore ISI cut their price target 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. BTIG Research increased their price target on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Mizuho boosted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their target price on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Trading Down 0.3 %

REG stock opened at $73.71 on Wednesday. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $78.18. 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 business’s 50 day moving average is $72.92 and its 200-day moving average is $73.04. The firm has a market cap of $13.37 billion, a P/E ratio of 34.77, a P/E/G ratio of 3.75 and a beta of 1.23.

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

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio is currently 133.02%.

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.