Ensign Peak Advisors Inc Increases Stake in Regency Centers Co. (NASDAQ:REG)

Ensign Peak Advisors Inc raised its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 48.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,685 shares of the company's stock after buying an additional 28,956 shares during the quarter. Ensign Peak Advisors Inc's holdings in Regency Centers were worth $6,556,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Regency Centers by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock worth $801,056,000 after acquiring an additional 435,932 shares in the last quarter. Czech National Bank raised its stake in shares of Regency Centers by 6.4% during the 4th quarter. Czech National Bank now owns 35,419 shares of the company's stock valued at $2,619,000 after purchasing an additional 2,144 shares during the period. Aprio Wealth Management LLC purchased a new stake in Regency Centers during the 4th quarter worth about $224,000. Contravisory Investment Management Inc. bought a new position in Regency Centers in the 4th quarter worth about $567,000. Finally, Ritholtz Wealth Management purchased a new position in Regency Centers during the 4th quarter valued at about $207,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on REG. Scotiabank lowered their target price on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Truist Financial lifted their price target on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Wells Fargo & Company cut their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Regency Centers currently has a consensus rating of "Moderate Buy" and an average price target of $78.08.

Insider Buying and Selling

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the sale, the chief executive officer now directly 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 document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business's stock in a transaction 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 transaction, the chairman now owns 110,263 shares of the company's stock, valued at $8,102,125.24. This represents a 31.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock worth $6,977,500 in the last quarter. Corporate insiders own 1.00% of the company's stock.

Regency Centers Stock Down 0.1%

NASDAQ:REG traded down $0.09 during mid-day trading on Monday, hitting $73.73. 72,841 shares of the company's stock were exchanged, compared to its average volume of 1,040,960. Regency Centers Co. has a one year low of $58.19 and a one year high of $78.18. The business has a fifty day moving average price of $71.46 and a 200 day moving average price of $72.79. The company has a market cap of $13.38 billion, a PE ratio of 34.78, 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 current ratio of 0.85 and a quick ratio of 0.95.

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

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be given a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Wednesday, June 11th. Regency Centers's dividend payout ratio is presently 133.02%.

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.