Siemens Fonds Invest GmbH Buys New Stake in Regency Centers Co. (NASDAQ:REG)

Siemens Fonds Invest GmbH bought a new stake in shares of Regency Centers Co. (NASDAQ:REG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,302 shares of the company’s stock, valued at approximately $170,000.

Several other institutional investors also recently bought and sold shares of the stock. Shell Asset Management Co. grew its stake in Regency Centers by 97.2% during the fourth quarter. Shell Asset Management Co. now owns 34,099 shares of the company’s stock valued at $2,521,000 after acquiring an additional 16,807 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Regency Centers by 17.8% in the 4th quarter. Royal Bank of Canada now owns 284,696 shares of the company’s stock worth $21,048,000 after buying an additional 43,023 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Regency Centers by 54.2% in the 4th quarter. ProShare Advisors LLC now owns 42,752 shares of the company’s stock worth $3,161,000 after buying an additional 15,032 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Regency Centers by 105.9% in the 4th quarter. Quantinno Capital Management LP now owns 34,515 shares of the company’s stock worth $2,552,000 after buying an additional 17,755 shares in the last quarter. Finally, Mufg Securities Americas Inc. purchased a new position in shares of Regency Centers in the 4th quarter worth $178,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Regency Centers

In related news, CFO Michael J. Mas sold 20,000 shares of Regency Centers 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 owns 54,020 shares in the company, valued at $3,975,872. This trade represents a 27.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the sale, the chairman now owns 110,263 shares of the company’s stock, valued at $8,102,125.24. The trade was a 31.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock worth $6,977,500 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Regency Centers Price Performance

Regency Centers stock opened at $73.82 on Monday. The firm has a 50-day moving average price of $71.46 and a 200-day moving average price of $72.79. The firm has a market capitalization of $13.40 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 3.75 and a beta of 1.02. 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 12-month low of $58.19 and a 12-month high of $78.18.

Regency Centers (NASDAQ:REG) last released 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. The firm had revenue of $370.35 million during the quarter, compared to analyst estimates of $364.64 million. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. During the same quarter last year, the business earned $1.08 EPS. As a group, equities research analysts forecast that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be issued a dividend of $0.705 per share. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a yield of 3.82%. Regency Centers’s payout ratio is 133.02%.

Analyst Upgrades and Downgrades

REG has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Scotiabank dropped their price objective on shares of Regency Centers from $76.00 to $75.00 and set a “sector perform” rating for the company in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $78.00.

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.