Adelante Capital Management LLC Takes Position in Regency Centers Co. (NASDAQ:REG)

Adelante Capital Management LLC purchased a new position in Regency Centers Co. (NASDAQ:REG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 330,024 shares of the company's stock, valued at approximately $24,399,000. Regency Centers comprises approximately 1.6% of Adelante Capital Management LLC's investment portfolio, making the stock its 20th biggest position. Adelante Capital Management LLC owned about 0.18% of Regency Centers at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Regency Centers in the 4th quarter worth approximately $1,262,425,000. JPMorgan Chase & Co. lifted its stake in shares of Regency Centers by 0.5% during the fourth quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company's stock worth $823,711,000 after buying an additional 51,424 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Regency Centers by 1.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company's stock valued at $771,859,000 after buying an additional 171,047 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Regency Centers by 4.2% in the 4th 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 during the period. Finally, Invesco Ltd. raised its stake in Regency Centers by 121.2% in the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock worth $397,333,000 after acquiring an additional 2,944,854 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Stock Performance

NASDAQ REG traded up $0.61 during mid-day trading on Friday, reaching $73.03. 617,795 shares of the stock were exchanged, compared to its average volume of 1,048,089. The company has a market capitalization of $13.26 billion, a P/E ratio of 34.45, a P/E/G ratio of 3.75 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The business's 50 day moving average is $72.03 and its 200-day moving average is $72.73. Regency Centers Co. has a 1 year low of $58.08 and a 1 year high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. The firm had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. During the same period last year, the firm earned $1.08 EPS. On average, equities research analysts forecast that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.705 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.86%. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wells Fargo & Company dropped their price target 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. Scotiabank dropped their target price on Regency Centers from $80.00 to $76.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Mizuho raised their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock 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 issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Regency Centers has a consensus rating of "Moderate Buy" and a consensus target price of $78.08.

Insider Activity at Regency Centers

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the completion of the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the 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 of the company's stock, valued at $8,102,125.24. The trade was a 31.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,000 shares of company stock valued at $6,977,500. 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.