Regency Centers Co. (NASDAQ:REG) Shares Acquired by Northern Trust Corp

Northern Trust Corp boosted its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 64.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,781,614 shares of the company's stock after acquiring an additional 1,086,797 shares during the period. Northern Trust Corp owned 1.53% of Regency Centers worth $205,645,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Sanctuary Advisors LLC boosted its holdings in shares of Regency Centers by 104.1% in the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock valued at $1,442,000 after buying an additional 10,221 shares during the period. Teacher Retirement System of Texas acquired a new position in Regency Centers during the fourth quarter worth approximately $1,499,000. Pacer Advisors Inc. raised its stake in Regency Centers by 196.1% in the 4th quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock valued at $2,680,000 after acquiring an additional 24,003 shares during the period. Contravisory Investment Management Inc. bought a new stake in shares of Regency Centers during the fourth quarter worth approximately $567,000. Finally, JPMorgan Chase & Co. boosted its holdings in Regency Centers by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock valued at $801,056,000 after purchasing an additional 435,932 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

REG has been the topic of a number of research analyst reports. Scotiabank reduced their price target on shares of Regency Centers from $80.00 to $76.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company lowered their target price 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. Finally, Mizuho raised their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $78.08.

Insider Buying and Selling

In related news, CEO Lisa Palmer sold 25,000 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 139,923 shares of the company's stock, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the transaction, the chief financial officer now owns 54,020 shares in the company, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,000 shares of company stock valued at $6,977,500. Corporate insiders own 1.00% of the company's stock.

Regency Centers Stock Performance

Shares of NASDAQ:REG traded up $0.41 on Wednesday, hitting $72.39. 98,487 shares of the company were exchanged, compared to its average volume of 1,038,460. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The stock's 50 day moving average price is $71.90 and its 200 day moving average price is $72.73. The firm has a market capitalization of $13.14 billion, a P/E ratio of 34.14, a price-to-earnings-growth ratio of 3.75 and a beta of 1.02. Regency Centers Co. has a 1-year low of $58.19 and a 1-year high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.01. The business had revenue of $370.35 million for the quarter, compared to analyst estimates 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. Sell-side analysts predict that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers 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.