Dimensional Fund Advisors LP Purchases 20,497 Shares of Regency Centers Co. (NASDAQ:REG)

Dimensional Fund Advisors LP grew its position in shares of Regency Centers Co. (NASDAQ:REG) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,692,029 shares of the company’s stock after purchasing an additional 20,497 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Regency Centers were worth $199,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Regency Centers by 3.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company’s stock worth $356,000 after acquiring an additional 164 shares in the last quarter. Greenleaf Trust boosted its stake in Regency Centers by 3.8% in the 4th quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock worth $350,000 after purchasing an additional 172 shares during the period. Farther Finance Advisors LLC grew its holdings in Regency Centers by 27.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock valued at $74,000 after buying an additional 219 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Regency Centers by 7.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,395 shares of the company’s stock valued at $251,000 after buying an additional 244 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Regency Centers by 17.5% in the fourth quarter. Signaturefd LLC now owns 1,757 shares of the company’s stock worth $130,000 after buying an additional 262 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Evercore ISI decreased their target price on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report 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 note on Wednesday, March 26th. Finally, Mizuho lifted 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 equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.00.

Insider Activity

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 in the company, valued at $8,102,125.24. This trade represents a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is currently owned by company insiders.

Regency Centers Price Performance

Shares of Regency Centers stock opened at $72.32 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. Regency Centers Co. has a 52-week low of $58.08 and a 52-week high of $78.18. The company has a fifty day moving average of $72.25 and a 200-day moving average of $72.67. The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG) last announced 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%. Equities research analysts expect that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a $0.705 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.90%. Regency Centers’s 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.