Boston Partners Has $296.84 Million Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Boston Partners boosted its position in Regency Centers Co. (NASDAQ:REG) by 6.9% in the 4th quarter, HoldingsChannel reports. The firm owned 4,015,482 shares of the company’s stock after acquiring an additional 259,748 shares during the period. Boston Partners’ holdings in Regency Centers were worth $296,837,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in Regency Centers in the 4th quarter valued at about $26,000. National Pension Service acquired a new stake in Regency Centers in the 4th quarter valued at about $27,000. Catalyst Capital Advisors LLC acquired a new stake in Regency Centers in the 4th quarter valued at about $54,000. Venturi Wealth Management LLC lifted its stake in Regency Centers by 4,400.0% in the 4th quarter. Venturi Wealth Management LLC now owns 855 shares of the company’s stock valued at $63,000 after purchasing an additional 836 shares during the last quarter. Finally, Quest Partners LLC lifted its stake in Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after purchasing an additional 430 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company’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 completion of the sale, the chairman now directly owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. This represents a 31.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock valued at $6,977,500 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on REG. Evercore ISI cut their target price on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Wells Fargo & Company cut their price objective on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. 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. Finally, BTIG Research raised their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Three research 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. According to data from MarketBeat, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Stock Performance

Shares of NASDAQ:REG opened at $71.43 on Tuesday. The company’s 50 day simple moving average is $72.82 and its 200 day simple moving average is $73.03. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. 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 1 year low of $56.51 and a 1 year high of $78.18.

Regency Centers (NASDAQ:REG) last posted its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share 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%. As a group, research analysts predict that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s payout ratio is presently 133.02%.

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.