Regency Centers Co. (NASDAQ:REG) Position Increased by ProShare Advisors LLC

ProShare Advisors LLC raised its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 54.2% in the 4th quarter, according to its most recent filing with the SEC. The firm 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 reporting period.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Regency Centers in the fourth quarter valued at about $1,262,425,000. Invesco Ltd. increased its holdings in Regency Centers by 121.2% during the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock valued at $397,333,000 after acquiring an additional 2,944,854 shares in the last quarter. Northern Trust Corp increased its holdings in Regency Centers by 64.1% during the 4th quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock valued at $205,645,000 after acquiring an additional 1,086,797 shares in the last quarter. Prudential Financial Inc. increased its holdings in Regency Centers by 51.7% during the 4th quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company's stock valued at $159,363,000 after acquiring an additional 734,210 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Regency Centers by 137.2% during the 4th quarter. California Public Employees Retirement System now owns 776,521 shares of the company's stock valued at $57,408,000 after acquiring an additional 449,110 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Transactions at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were 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 in the company, valued at $8,102,125.24. This represents a 31.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the completion of the transaction, the insider now owns 33,069 shares of the company's stock, valued at $2,395,518.36. This represents a 11.17% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Regency Centers Stock Performance

Shares of Regency Centers stock traded down $0.07 during trading on Friday, hitting $71.01. 972,165 shares of the stock were exchanged, compared to its average volume of 1,052,211. The stock's fifty day moving average is $71.54 and its 200 day moving average is $72.77. The stock has a market cap of $12.89 billion, a PE ratio of 33.50, 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 Co. has a 12 month low of $58.19 and a 12 month high of $78.18.

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

Regency Centers Announces Dividend

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 given a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.82 annualized dividend and a dividend yield of 3.97%. Regency Centers's dividend payout ratio is currently 133.02%.

Analyst Upgrades and Downgrades

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

Regency Centers Company 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.