ProShare Advisors LLC Grows Stock Holdings in Regency Centers Co. (NASDAQ:REG)

ProShare Advisors LLC grew its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 54.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,752 shares of the company's stock after acquiring an additional 15,032 shares during the period. ProShare Advisors LLC's holdings in Regency Centers were worth $3,161,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its stake in shares of Regency Centers by 104.1% in the 4th quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock valued at $1,442,000 after purchasing an additional 10,221 shares during the period. Teacher Retirement System of Texas acquired a new position in Regency Centers during the fourth quarter worth $1,499,000. Pacer Advisors Inc. raised its position in Regency Centers by 196.1% during the fourth quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock worth $2,680,000 after acquiring an additional 24,003 shares during the period. JPMorgan Chase & Co. raised its position in 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 during the period. Finally, Raymond James Financial Inc. acquired a new position in Regency Centers during the fourth quarter worth $11,925,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Price Performance

Regency Centers stock opened at $74.05 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a 52-week low of $58.19 and a 52-week high of $78.18. The company has a fifty day simple moving average of $71.50 and a 200-day simple moving average of $72.81. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 3.75 and a beta of 1.02.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the prior year, the firm posted $1.08 earnings per share. On average, equities analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's dividend payout ratio is currently 133.02%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday. Scotiabank reduced their price objective on shares of 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, Wells Fargo & Company reduced their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Three investment 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $78.08.

Insider Activity at Regency Centers

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the completion of the transaction, the chief financial officer now owns 54,020 shares of the company's stock, valued at $3,975,872. This trade represents a 27.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the transaction, the chairman now directly owns 110,263 shares of the company's stock, valued at approximately $8,102,125.24. This trade represents a 31.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders 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.

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