Quantinno Capital Management LP Purchases 17,755 Shares of 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% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Regency Centers in the fourth quarter worth about $1,262,425,000. Invesco Ltd. raised its stake in Regency Centers by 121.2% in the fourth quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock worth $397,333,000 after buying an additional 2,944,854 shares in the last quarter. Northern Trust Corp raised its stake in Regency Centers by 64.1% in the fourth quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock worth $205,645,000 after buying an additional 1,086,797 shares in the last quarter. Prudential Financial Inc. raised its stake in Regency Centers by 51.7% in the fourth quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company's stock worth $159,363,000 after buying an additional 734,210 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Regency Centers by 137.2% in the fourth quarter. California Public Employees Retirement System now owns 776,521 shares of the company's stock worth $57,408,000 after buying an additional 449,110 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Stock Down 0.1%

Shares of REG traded down $0.07 on Friday, hitting $71.01. 972,165 shares of the stock traded hands, compared to its average volume of 1,051,621. Regency Centers Co. has a one year low of $58.19 and a one year high of $78.18. The company has a market capitalization 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 business has a 50 day simple moving average of $71.55 and a 200 day simple moving average of $72.79. 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 (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 5.91% and a net margin of 27.54%. During the same quarter last year, the company earned $1.08 EPS. As a group, equities analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

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

Insiders Place Their Bets

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction on 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 trade represents a 11.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers 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 sale, the chairman now directly owns 110,263 shares of the company's stock, valued at approximately $8,102,125.24. The trade was a 31.20% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on REG. Wells Fargo & Company decreased their price target on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Scotiabank decreased their target price on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. Finally, Truist Financial raised their target price on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average 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.