6,456 Shares in Regency Centers Co. (NASDAQ:REG) Purchased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC purchased a new stake in Regency Centers Co. (NASDAQ:REG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,456 shares of the company's stock, valued at approximately $477,000.

A number of other institutional investors also recently made changes to their positions in REG. Norges Bank acquired a new stake in shares of Regency Centers in the 4th quarter worth about $1,262,425,000. JPMorgan Chase & Co. increased its position in Regency Centers by 0.5% in the 4th quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company's stock valued at $823,711,000 after acquiring an additional 51,424 shares during the period. Principal Financial Group Inc. raised its stake in Regency Centers by 4.2% during the 4th quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company's stock valued at $678,873,000 after acquiring an additional 366,427 shares in the last quarter. Invesco Ltd. grew its stake in shares of Regency Centers by 121.2% in the fourth quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock worth $397,333,000 after purchasing an additional 2,944,854 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Regency Centers by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 4,568,525 shares of the company's stock valued at $336,955,000 after purchasing an additional 86,644 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on REG. Wells Fargo & Company decreased 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. Scotiabank lowered their price objective 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. Finally, Mizuho increased their price target on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $78.08.

Regency Centers Trading Up 0.1 %

Regency Centers stock traded up $0.04 during midday trading on Thursday, reaching $72.00. The stock had a trading volume of 177,717 shares, compared to its average volume of 1,053,664. The firm's fifty day simple moving average is $72.25 and its two-hundred day simple moving average is $72.66. 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 Co. has a twelve month low of $58.08 and a twelve month high of $78.18. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (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%. Equities analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a $0.705 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.92%. Regency Centers's payout ratio is 133.02%.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the sale, the chief executive officer now directly owns 139,923 shares of the company's stock, valued at $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were 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 $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock valued at $6,977,500 in the last quarter. Company insiders own 1.00% of the company's stock.

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.