Caisse DE Depot ET Placement DU Quebec Invests $9.93 Million in Regency Centers Co. (NASDAQ:REG)

Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 134,357 shares of the company's stock, valued at approximately $9,933,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.07% of Regency Centers at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in REG. Norges Bank purchased a new stake in Regency Centers in the 4th quarter valued at about $1,262,425,000. JPMorgan Chase & Co. increased its holdings in Regency Centers by 0.5% in the 4th quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company's stock valued at $823,711,000 after purchasing an additional 51,424 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Regency Centers by 1.7% in 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 purchasing an additional 171,047 shares during the period. Principal Financial Group Inc. lifted its stake 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 purchasing an additional 366,427 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Regency Centers by 121.2% in the fourth quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock valued at $397,333,000 after buying an additional 2,944,854 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Up 0.9 %

Shares of NASDAQ:REG traded up $0.65 during trading on Friday, hitting $72.55. 282,906 shares of the company were exchanged, compared to its average volume of 1,037,600. The firm's 50 day moving average price is $71.69 and its 200-day moving average price is $72.73. Regency Centers Co. has a 12-month low of $58.19 and a 12-month high of $78.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The stock has a market capitalization of $13.17 billion, a P/E ratio of 34.22, a PEG ratio of 3.75 and a beta of 1.02.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.01. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. The company had revenue of $370.35 million during the quarter, compared to the consensus estimate of $364.64 million. During the same quarter in the prior year, the firm posted $1.08 earnings per share. On average, research analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.705 per share. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.89%. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Analyst Ratings Changes

Several equities analysts recently issued reports on REG shares. 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. Scotiabank reduced their price target on shares of 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. 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's stock. According to MarketBeat.com, Regency Centers presently has an average rating of "Moderate Buy" and a consensus price target of $78.08.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the sale, the chairman now directly owns 110,263 shares of the company's stock, valued at $8,102,125.24. This trade represents a 31.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction 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 sale, the chief financial officer now owns 54,020 shares in the company, valued at $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. Over the last three months, insiders have sold 95,000 shares of company stock worth $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.