Korea Investment CORP Has $8.12 Million Stake in Regency Centers Co. (NASDAQ:REG)

Korea Investment CORP increased its stake in shares of Regency Centers Co. (NASDAQ:REG) by 70.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 109,851 shares of the company’s stock after purchasing an additional 45,372 shares during the quarter. Korea Investment CORP’s holdings in Regency Centers were worth $8,121,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its position in Regency Centers by 51.7% in the 4th quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company’s stock worth $159,363,000 after purchasing an additional 734,210 shares during the last quarter. JPMorgan Chase & Co. increased 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 worth $801,056,000 after buying an additional 435,932 shares during the last quarter. Principal Financial Group Inc. raised 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 valued at $678,873,000 after acquiring an additional 366,427 shares in the last quarter. National Bank of Canada FI lifted its stake in Regency Centers by 701.7% in the third quarter. National Bank of Canada FI now owns 361,597 shares of the company’s stock valued at $26,118,000 after acquiring an additional 316,496 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its position in Regency Centers by 8,012.2% in the fourth quarter. Proficio Capital Partners LLC now owns 271,841 shares of the company’s stock worth $20,097,000 after acquiring an additional 268,490 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Trading Up 1.2 %

Shares of REG opened at $73.76 on Tuesday. The stock’s 50-day moving average price is $73.17 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 Co. has a 12-month low of $56.51 and a 12-month high of $78.18. The firm has a market capitalization of $13.39 billion, a price-to-earnings ratio of 34.79, a P/E/G ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG) last issued its earnings results on Thursday, February 6th. The company reported $1.09 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%. As a group, research analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.82%. Regency Centers’s dividend payout ratio (DPR) is currently 133.02%.

Analyst Ratings Changes

A number of research firms have recently weighed in on REG. Evercore ISI cut 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 report on Tuesday, December 24th. Mizuho boosted their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price target on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Three research 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. Based on data from MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Insider Activity at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the 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 completion of the transaction, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. This represents a 31.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction on 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 transaction, the chief financial officer now directly owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock valued at $6,977,500 over the last quarter. 1.00% of the stock is owned by company insiders.

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.