Ameriprise Financial Inc. Buys 4,734 Shares of Regency Centers Co. (NASDAQ:REG)

Ameriprise Financial Inc. raised its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,776 shares of the company's stock after buying an additional 4,734 shares during the period. Ameriprise Financial Inc.'s holdings in Regency Centers were worth $4,431,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in Regency Centers by 3.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company's stock valued at $356,000 after buying an additional 164 shares in the last quarter. Greenleaf Trust increased its position in shares of Regency Centers by 3.8% during the fourth quarter. Greenleaf Trust now owns 4,735 shares of the company's stock worth $350,000 after purchasing an additional 172 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Regency Centers by 27.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock worth $74,000 after buying an additional 219 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Regency Centers by 7.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,395 shares of the company's stock worth $251,000 after buying an additional 244 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Regency Centers by 17.5% during the fourth quarter. Signaturefd LLC now owns 1,757 shares of the company's stock worth $130,000 after buying an additional 262 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total value of $301,205.52. Following the completion of the transaction, the insider now directly owns 33,069 shares in the company, valued at approximately $2,395,518.36. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 owns 110,263 shares of the company's stock, valued at $8,102,125.24. This trade represents a 31.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on REG shares. Wells Fargo & Company lowered their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Scotiabank cut their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Finally, Truist Financial lifted their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $78.08.

Regency Centers Stock Down 0.7%

Shares of Regency Centers stock traded down $0.52 during trading on Wednesday, reaching $71.62. The company had a trading volume of 792,980 shares, compared to its average volume of 1,051,286. The firm's fifty day moving average is $71.53 and its 200-day moving average is $72.74. The company has a market cap of $13.00 billion, a price-to-earnings ratio of 33.78, a price-to-earnings-growth 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 Co. has a fifty-two week low of $58.19 and a fifty-two week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 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 firm had revenue of $370.35 million during the quarter, compared to analyst estimates of $364.64 million. During the same quarter last year, the business posted $1.08 EPS. On average, analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders 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 yield of 3.94%. 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.