Shell Asset Management Co. Buys 16,807 Shares of Regency Centers Co. (NASDAQ:REG)

Shell Asset Management Co. increased its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 97.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,099 shares of the company's stock after acquiring an additional 16,807 shares during the quarter. Shell Asset Management Co.'s holdings in Regency Centers were worth $2,521,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Heck Capital Advisors LLC purchased a new stake in shares of Regency Centers during the fourth quarter worth $26,000. National Pension Service purchased a new position in shares of Regency Centers during the 4th quarter valued at $27,000. TD Waterhouse Canada Inc. grew its position in shares of Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new position in shares of Regency Centers in the fourth quarter worth $39,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Regency Centers in the fourth quarter worth $54,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Scotiabank dropped their price target on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Wells Fargo & Company dropped 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 report on Wednesday, March 26th. Finally, Truist Financial increased their price target on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a report on Monday. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and an average price target of $78.08.

Regency Centers Trading Down 0.4%

Regency Centers stock traded down $0.29 during trading hours on Thursday, reaching $71.05. The stock had a trading volume of 389,027 shares, compared to its average volume of 1,048,264. The company has a fifty day simple moving average of $71.56 and a 200-day simple moving average of $72.80. Regency Centers Co. has a 52 week low of $58.19 and a 52 week high of $78.18. The stock has a market cap of $12.90 billion, a PE ratio of 33.50, a PEG ratio of 3.75 and a beta of 1.02. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95.

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. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. The company had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. During the same period last year, the firm earned $1.08 earnings per share. Analysts forecast that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 annualized dividend and a yield of 3.97%. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Insiders Place Their Bets

In other Regency Centers 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 transaction of $3,674,000.00. Following the transaction, the chairman now owns 110,263 shares in the company, valued at approximately $8,102,125.24. This represents a 31.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company's stock.

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.