Walleye Capital LLC Invests $813,000 in Regency Centers Co. (NASDAQ:REG)

Walleye Capital LLC purchased a new position in Regency Centers Co. (NASDAQ:REG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,991 shares of the company's stock, valued at approximately $813,000.

Other large investors also recently bought and sold shares of the company. Sanctuary Advisors LLC grew its position in Regency Centers by 26.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,817 shares of the company's stock valued at $729,000 after purchasing an additional 2,042 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Regency Centers during the third quarter valued at approximately $782,000. Tidal Investments LLC increased its position in shares of Regency Centers by 17.8% during the third quarter. Tidal Investments LLC now owns 7,417 shares of the company's stock valued at $536,000 after acquiring an additional 1,120 shares in the last quarter. Franklin Resources Inc. raised its holdings in Regency Centers by 6.3% in the 3rd quarter. Franklin Resources Inc. now owns 278,647 shares of the company's stock worth $19,703,000 after acquiring an additional 16,617 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position 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 acquiring an additional 435,932 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the sale, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. The trade was a 31.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the sale, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. This represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,000 shares of company stock worth $6,977,500. 1.00% of the stock is owned by insiders.

Regency Centers Stock Performance

NASDAQ REG traded down $0.03 on Friday, hitting $71.42. 1,053,569 shares of the company traded hands, compared to its average volume of 1,051,499. The business's 50 day moving average price is $72.20 and its 200-day moving average price is $72.71. 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 Co. has a 52-week low of $58.08 and a 52-week high of $78.18. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of 33.69, a P/E/G 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 analysts' consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. Equities analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Mizuho upped their price target on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. Wells Fargo & Company dropped their price target 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 decreased their price objective on shares of Regency Centers from $80.00 to $76.00 and set a "sector perform" rating for the company in a report on Wednesday. Three 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.