Regency Centers Co. (NASDAQ:REG) Shares Purchased by Unigestion Holding SA

Unigestion Holding SA raised its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 118.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,294 shares of the company's stock after acquiring an additional 19,650 shares during the quarter. Unigestion Holding SA's holdings in Regency Centers were worth $2,677,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in shares of Regency Centers during the fourth quarter worth about $26,000. National Pension Service acquired a new position in Regency Centers during the fourth quarter worth approximately $27,000. TD Waterhouse Canada Inc. increased its position in Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after buying an additional 487 shares during the period. Sentry Investment Management LLC purchased a new stake in Regency Centers in the first quarter valued at approximately $38,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Regency Centers during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company's stock in a transaction that occurred 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 sale, the chairman now owns 110,263 shares of the company's stock, valued at approximately $8,102,125.24. This represents a 31.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm's 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 transaction, the insider now directly owns 33,069 shares of the company's stock, valued at $2,395,518.36. The trade was a 11.17% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

REG has been the subject of a number of recent research reports. 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. Truist Financial increased their target price on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, Scotiabank lowered their price target on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Regency Centers presently has an average rating of "Moderate Buy" and an average price target of $78.08.

Regency Centers Price Performance

Shares of Regency Centers stock traded up $0.13 during trading on Wednesday, reaching $71.67. The company's stock had a trading volume of 791,762 shares, compared to its average volume of 1,052,071. The business has a 50 day moving average price of $71.48 and a 200-day moving average price of $72.67. The company has a market capitalization of $13.01 billion, a P/E ratio of 33.81, a price-to-earnings-growth ratio of 3.75 and a beta of 1.01. 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 12-month low of $60.00 and a 12-month high of $78.18.

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

Regency Centers Dividend Announcement

The company also recently declared 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 3.93%. The ex-dividend date is Wednesday, June 11th. Regency Centers's dividend payout ratio is currently 133.02%.

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.