Farringdon Capital Ltd. Takes $322,000 Position in Regency Centers Co. (NASDAQ:REG)

Farringdon Capital Ltd. purchased a new position in shares of Regency Centers Co. (NASDAQ:REG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,357 shares of the company’s stock, valued at approximately $322,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. United Capital Financial Advisors LLC purchased a new position in Regency Centers in the fourth quarter worth $477,000. Canada Post Corp Registered Pension Plan acquired a new position in shares of Regency Centers during the 4th quarter worth $39,000. Walleye Capital LLC purchased a new position in shares of Regency Centers in the 4th quarter valued at about $813,000. Mariner LLC lifted its stake in shares of Regency Centers by 18.8% in the fourth quarter. Mariner LLC now owns 12,693 shares of the company’s stock valued at $938,000 after purchasing an additional 2,005 shares during the period. Finally, Trustmark National Bank Trust Department boosted its holdings in Regency Centers by 12.8% during the fourth quarter. Trustmark National Bank Trust Department now owns 11,228 shares of the company’s stock worth $830,000 after buying an additional 1,272 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the sale, the chief executive officer now owns 139,923 shares of the company’s stock, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,000 shares of company stock valued at $6,977,500. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Stock Up 2.1 %

REG opened at $71.66 on Friday. Regency Centers Co. has a 12 month low of $57.79 and a 12 month high of $78.18. The business has a 50-day moving average of $72.38 and a two-hundred day moving average of $72.65. 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 stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping 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, research analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a dividend of $0.705 per share. The ex-dividend date was Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.94%. Regency Centers’s payout ratio is currently 133.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on REG shares. Evercore ISI decreased their price target on 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. Wells Fargo & Company decreased their target price on Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Finally, Mizuho raised their price target on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Three research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.