Proficio Capital Partners LLC Raises Holdings in Regency Centers Co. (NASDAQ:REG)

Proficio Capital Partners LLC boosted its stake in Regency Centers Co. (NASDAQ:REG) by 8,012.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 271,841 shares of the company’s stock after buying an additional 268,490 shares during the quarter. Proficio Capital Partners LLC owned approximately 0.15% of Regency Centers worth $20,097,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Regency Centers by 1.1% during the 3rd quarter. State Street Corp now owns 11,768,052 shares of the company’s stock worth $857,892,000 after purchasing an additional 131,300 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Regency Centers by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock valued at $801,056,000 after buying an additional 435,932 shares during the period. Principal Financial Group Inc. boosted its position in Regency Centers by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock worth $678,873,000 after acquiring an additional 366,427 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Regency Centers by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company’s stock worth $167,034,000 after acquiring an additional 71,278 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 acquiring an additional 1,908,153 shares during the last quarter. Hedge funds and other institutional investors 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 the company’s stock in a transaction dated Wednesday, February 19th. The shares were 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 directly owns 54,020 shares of the company’s stock, valued at $3,975,872. This represents a 27.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction dated 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 directly owns 139,923 shares in the company, valued at approximately $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Regency Centers Stock Performance

Shares of REG stock opened at $76.70 on Friday. 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 company has a market cap of $13.91 billion, a PE ratio of 36.18, a P/E/G ratio of 3.75 and a beta of 1.21. The company’s fifty day simple moving average is $72.75 and its 200-day simple moving average is $72.78. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $76.88.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data 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 return on equity of 5.91% and a net margin of 27.54%. As a group, equities research analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio is presently 133.02%.

Analysts Set New Price Targets

Several research firms have recently issued reports on REG. Mizuho raised their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. BTIG Research raised their price target on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Wells Fargo & Company lowered their price target on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. increased their price objective on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Evercore ISI lowered their target price on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Regency Centers currently has an average rating of “Moderate Buy” and an average price target of $78.08.

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.