Regency Centers Co. (NASDAQ:REG) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 185.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,642 shares of the company's stock after acquiring an additional 27,725 shares during the period. Wellington Management Group LLP's holdings in Regency Centers were worth $3,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of REG. Sanctuary Advisors LLC lifted its holdings in Regency Centers by 104.1% during the 4th quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock worth $1,442,000 after buying an additional 10,221 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Regency Centers during the fourth quarter worth approximately $1,499,000. Pacer Advisors Inc. boosted its holdings in Regency Centers by 196.1% in the fourth quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock valued at $2,680,000 after purchasing an additional 24,003 shares in the last quarter. HighTower Advisors LLC increased its stake in Regency Centers by 47.3% in the third quarter. HighTower Advisors LLC now owns 29,342 shares of the company's stock valued at $2,121,000 after purchasing an additional 9,424 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Regency Centers during the third quarter worth approximately $953,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Stock Performance

Shares of REG stock traded up $0.45 during mid-day trading on Tuesday, hitting $70.86. The stock had a trading volume of 101,700 shares, compared to its average volume of 1,102,968. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $78.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The company's 50-day simple moving average is $72.60 and its 200-day simple moving average is $72.69. The firm has a market cap of $12.86 billion, a PE ratio of 33.41, 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 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business 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 was Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.98%. Regency Centers's payout ratio is 133.02%.

Insider Transactions at Regency Centers

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the firm'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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael J. Mas sold 20,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. This trade represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,000 shares of company stock valued at $6,977,500 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

REG has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Mizuho lifted their target price on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Finally, Evercore ISI decreased their target price on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $78.00.

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.