Lasalle Investment Management Securities LLC Boosts Stock Position in Regency Centers Co. (NASDAQ:REG)

Lasalle Investment Management Securities LLC lifted its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 31.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,448 shares of the company's stock after purchasing an additional 60,290 shares during the period. Regency Centers comprises about 0.8% of Lasalle Investment Management Securities LLC's portfolio, making the stock its 28th biggest holding. Lasalle Investment Management Securities LLC owned about 0.14% of Regency Centers worth $18,516,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in shares of Regency Centers during the 4th quarter valued at approximately $26,000. National Pension Service acquired a new position in Regency Centers during the fourth quarter worth $27,000. Canada Post Corp Registered Pension Plan purchased a new position in Regency Centers during the fourth quarter valued at $39,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Regency Centers in the fourth quarter valued at about $54,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Regency Centers by 4,400.0% during the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock worth $63,000 after purchasing an additional 836 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Regency Centers

In related news, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the transaction, the chief executive officer now directly owns 139,923 shares in the company, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company'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 sale, the chairman now owns 110,263 shares in the company, valued at approximately $8,102,125.24. This trade represents a 31.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is currently owned by corporate insiders.

Regency Centers Trading Down 0.3 %

Regency Centers stock traded down $0.20 during midday trading on Thursday, hitting $71.76. 249,061 shares of the stock were exchanged, compared to its average volume of 1,053,929. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 33.84, a PEG ratio of 3.75 and a beta of 1.03. Regency Centers Co. has a fifty-two week low of $58.08 and a fifty-two week high of $78.18. The stock's 50-day simple moving average is $72.25 and its 200 day simple moving average is $72.66. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. On average, equities analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.705 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.93%. Regency Centers's dividend payout ratio is presently 133.02%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Mizuho lifted their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Scotiabank dropped their price target on Regency Centers from $80.00 to $76.00 and set a "sector perform" rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company decreased their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Regency Centers 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.