Regency Centers Co. (NASDAQ:REG) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 193.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,966 shares of the company's stock after buying an additional 65,201 shares during the period. D. E. Shaw & Co. Inc. owned about 0.05% of Regency Centers worth $7,317,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Heck Capital Advisors LLC purchased a new stake in Regency Centers during the 4th quarter valued at about $26,000. National Pension Service purchased a new stake in shares of Regency Centers during the 4th quarter valued at about $27,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Regency Centers by 48,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after buying an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in Regency Centers during the fourth quarter valued at approximately $39,000. Finally, Catalyst Capital Advisors LLC bought a new position in Regency Centers in the fourth quarter worth approximately $54,000. 96.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

REG has been the subject of several analyst reports. Truist Financial upped their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday. Wells Fargo & Company dropped 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. Finally, Scotiabank reduced their target price on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Regency Centers presently has a consensus rating of "Moderate Buy" and an average price target of $78.08.

Regency Centers Stock Performance

NASDAQ REG traded up $0.23 during mid-day trading on Monday, reaching $74.05. 1,887,751 shares of the stock were exchanged, compared to its average volume of 1,048,088. The business's 50 day moving average is $71.46 and its 200-day moving average is $72.79. Regency Centers Co. has a 1 year low of $58.19 and a 1 year high of $78.18. The company has a market capitalization of $13.44 billion, a P/E ratio of 34.93, a P/E/G ratio of 3.75 and a beta of 1.02. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85.

Regency Centers (NASDAQ:REG - Get Free Report) last issued 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 business had revenue of $370.35 million during the quarter, compared to analysts' expectations of $364.64 million. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. During the same period in the prior year, the business earned $1.08 earnings per share. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.81%. Regency Centers's dividend payout ratio is currently 133.02%.

Insider Activity

In related news, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 54,020 shares of the company's stock, valued at approximately $3,975,872. This represents a 27.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were 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. The trade was a 15.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is currently owned by company insiders.

About Regency Centers

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.