Quantinno Capital Management LP Has $2.55 Million Stake in Regency Centers Co. (NASDAQ:REG)

Quantinno Capital Management LP lifted its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 105.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,515 shares of the company's stock after purchasing an additional 17,755 shares during the period. Quantinno Capital Management LP's holdings in Regency Centers were worth $2,552,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Regency Centers during the fourth quarter worth $1,262,425,000. JPMorgan Chase & Co. grew its stake in Regency Centers by 0.5% in the 4th quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company's stock valued at $823,711,000 after buying an additional 51,424 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Regency Centers by 1.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company's stock valued at $771,859,000 after acquiring an additional 171,047 shares during the period. Principal Financial Group Inc. raised its holdings in Regency Centers by 4.2% in the 4th quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company's stock valued at $678,873,000 after acquiring an additional 366,427 shares during the period. Finally, Invesco Ltd. lifted its position in Regency Centers by 121.2% during the fourth quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock worth $397,333,000 after acquiring an additional 2,944,854 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Price Performance

Shares of REG stock traded down $0.07 during trading hours on Monday, reaching $71.01. The company's stock had a trading volume of 972,165 shares, compared to its average volume of 1,052,211. Regency Centers Co. has a fifty-two week low of $58.19 and a fifty-two week high of $78.18. The firm's 50 day simple moving average is $71.54 and its 200-day simple moving average is $72.77. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $12.89 billion, a price-to-earnings ratio of 33.50, 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 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 business had revenue of $370.35 million during the quarter, compared to the consensus estimate of $364.64 million. During the same period in the prior year, the company earned $1.08 EPS. Sell-side analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

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

Insider Activity

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the completion of the sale, the insider now owns 33,069 shares of the company's stock, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm's stock in a transaction dated 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 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. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on REG shares. Scotiabank dropped their price target on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Wells Fargo & Company dropped their target price on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, Truist Financial upped their price target on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research note on Monday, May 19th. 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 stock. According to MarketBeat, Regency Centers has an average rating of "Moderate Buy" and a consensus target price of $78.08.

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.