Wellington Management Group LLP Raises Stake in Regency Centers Co. (NASDAQ:REG)

Wellington Management Group LLP raised its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 185.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,642 shares of the company's stock after buying an additional 27,725 shares during the period. Wellington Management Group LLP's holdings in Regency Centers were worth $3,153,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in REG. Heck Capital Advisors LLC purchased a new stake in shares of Regency Centers during the fourth quarter worth about $26,000. National Pension Service acquired a new position in Regency Centers in the 4th quarter valued at about $27,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after acquiring an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in shares of Regency Centers in the 4th quarter worth approximately $39,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Regency Centers in the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Stock Down 0.6%

Shares of NASDAQ:REG traded down $0.43 during trading hours on Thursday, reaching $71.24. The stock had a trading volume of 990,714 shares, compared to its average volume of 1,054,665. Regency Centers Co. has a 1 year low of $60.00 and a 1 year high of $78.18. The firm's 50 day moving average is $71.46 and its 200-day moving average is $72.67. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 3.75 and a beta of 1.01.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 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 company had revenue of $370.35 million for the quarter, compared to the consensus estimate of $364.64 million. During the same period in the prior year, the firm posted $1.08 EPS. Research analysts predict that Regency Centers Co. will post 4.54 earnings per share 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. Shareholders of record on Wednesday, June 11th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's dividend payout ratio is presently 133.02%.

Insider Buying and Selling at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $301,205.52. Following the completion of the sale, the insider now owns 33,069 shares of the company's stock, valued at $2,395,518.36. This trade 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.

Analysts Set New Price Targets

Several equities analysts have recently commented 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 report on Monday, May 19th. Wells Fargo & Company decreased their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Finally, Scotiabank reduced their target price on shares of 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 investment 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, Regency Centers currently has an average rating of "Moderate Buy" and a consensus price target 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.