Unigestion Holding SA Purchases 8,300 Shares of Regency Centers Co. (NASDAQ:REG)

Unigestion Holding SA grew its position in shares of Regency Centers Co. (NASDAQ:REG) by 99.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,644 shares of the company’s stock after acquiring an additional 8,300 shares during the quarter. Unigestion Holding SA’s holdings in Regency Centers were worth $1,230,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of REG. Russell Investments Group Ltd. grew its position in Regency Centers by 3.6% in the fourth quarter. Russell Investments Group Ltd. now owns 151,128 shares of the company’s stock worth $11,151,000 after acquiring an additional 5,225 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Regency Centers by 52.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 117,187 shares of the company’s stock worth $8,664,000 after purchasing an additional 40,357 shares during the period. Aviva PLC raised its holdings in Regency Centers by 88.2% during the 4th quarter. Aviva PLC now owns 104,374 shares of the company’s stock valued at $7,716,000 after buying an additional 48,924 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in Regency Centers in the fourth quarter worth $6,796,000. Finally, Wells Fargo & Company MN boosted its stake in Regency Centers by 11.6% during the fourth quarter. Wells Fargo & Company MN now owns 185,469 shares of the company’s stock worth $13,712,000 after buying an additional 19,309 shares during the period. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Performance

REG opened at $68.77 on Friday. The firm has a 50 day moving average of $73.23 and a two-hundred day moving average of $72.90. The firm has a market capitalization of $12.48 billion, a PE ratio of 32.44, a P/E/G ratio of 3.75 and a beta of 1.03. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $78.18.

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

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 4.10%. The ex-dividend date was Wednesday, March 12th. Regency Centers’s payout ratio is currently 133.02%.

Insider Activity

In related news, CFO Michael J. Mas sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the completion of the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the sale, the chairman now directly owns 110,263 shares in the company, valued at approximately $8,102,125.24. This trade represents a 31.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,000 shares of company stock worth $6,977,500 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on REG. Mizuho raised their target price 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. Wells Fargo & Company decreased their price objective on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Finally, Evercore ISI decreased their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.