OMERS ADMINISTRATION Corp Boosts Holdings in Regency Centers Co. (NASDAQ:REG)

OMERS ADMINISTRATION Corp grew its stake in shares of Regency Centers Co. (NASDAQ:REG) by 20.2% during the fourth quarter, HoldingsChannel reports. The firm owned 7,339 shares of the company’s stock after purchasing an additional 1,233 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Regency Centers were worth $543,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sanctuary Advisors LLC boosted its position in Regency Centers by 104.1% during the 4th quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company’s stock valued at $1,442,000 after acquiring an additional 10,221 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Regency Centers in the 4th quarter valued at approximately $1,499,000. Pacer Advisors Inc. boosted its position in shares of Regency Centers by 196.1% during 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. JPMorgan Chase & Co. grew its stake in Regency Centers by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock worth $801,056,000 after purchasing an additional 435,932 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Regency Centers in the fourth quarter worth $11,925,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Scotiabank dropped their target price on shares of Regency Centers from $76.00 to $75.00 and set a “sector perform” rating on the stock in a report on Monday, May 12th. Wells Fargo & Company dropped their price objective on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. 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. Based on data from MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Regency Centers Stock Up 1.7%

NASDAQ:REG opened at $73.82 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The firm has a market cap of $13.40 billion, a P/E ratio of 34.82, a P/E/G ratio of 3.75 and a beta of 1.02. Regency Centers Co. has a fifty-two week low of $58.19 and a fifty-two week high of $78.18. The firm has a 50-day simple moving average of $71.46 and a two-hundred day simple moving average of $72.79.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.01. The company had revenue of $370.35 million during the quarter, compared to the consensus estimate 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 firm earned $1.08 earnings per share. Analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

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

Insider Activity

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’s stock in a transaction on 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 completion of the sale, the chairman now directly owns 110,263 shares in the company, valued at approximately $8,102,125.24. The trade was a 31.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the transaction, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. The trade was a 27.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock valued at $6,977,500 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

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.