NEOS Investment Management LLC Grows Position in Regency Centers Co. (NASDAQ:REG)

NEOS Investment Management LLC lifted its stake in Regency Centers Co. (NASDAQ:REG) by 25.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,074 shares of the company’s stock after purchasing an additional 1,238 shares during the quarter. NEOS Investment Management LLC’s holdings in Regency Centers were worth $449,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Regency Centers by 1,138.5% during 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 period. Prudential Financial Inc. grew its holdings in shares of Regency Centers by 51.7% in the fourth quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company’s stock valued at $159,363,000 after purchasing an additional 734,210 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Regency Centers by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock valued at $801,056,000 after purchasing an additional 435,932 shares during the period. Principal Financial Group Inc. grew its position in shares of 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 buying an additional 366,427 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Regency Centers by 701.7% in the 3rd quarter. National Bank of Canada FI now owns 361,597 shares of the company’s stock valued at $26,118,000 after purchasing an additional 316,496 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Trading Up 0.7 %

Shares of NASDAQ:REG opened at $72.87 on Monday. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $78.18. The company has a market cap of $13.23 billion, a PE ratio of 34.37, a P/E/G ratio of 3.75 and a beta of 1.23. The company’s 50-day moving average price is $73.12 and its 200 day moving average price is $72.95. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66.

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

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.87%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s payout ratio is 133.02%.

Insider Activity at Regency Centers

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the firm’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. This represents a 31.20 % decrease in their position. 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.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on REG shares. Mizuho lifted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Evercore ISI dropped their price target on shares of 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. Finally, Wells Fargo & Company lowered their target price on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.