Ossiam Acquires 3,343 Shares of Regency Centers Co. (NASDAQ:REG)

Ossiam increased its holdings in Regency Centers Co. (NASDAQ:REG) by 18.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,324 shares of the company’s stock after purchasing an additional 3,343 shares during the period. Ossiam’s holdings in Regency Centers were worth $1,576,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of REG. Heck Capital Advisors LLC acquired a new stake in shares of Regency Centers in the fourth quarter valued at about $26,000. National Pension Service acquired a new stake in Regency Centers during the 4th quarter valued at approximately $27,000. Canada Post Corp Registered Pension Plan bought a new position in Regency Centers during the 4th quarter worth approximately $39,000. Catalyst Capital Advisors LLC acquired a new position in shares of Regency Centers in the 4th quarter worth approximately $54,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of 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. 96.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers 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 transaction, the chairman now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the 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 of the company’s stock, valued at approximately $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,000 shares of company stock worth $6,977,500. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on REG. Wells Fargo & Company lowered their target price 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. Evercore ISI dropped their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Finally, Mizuho raised their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Three equities 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Regency Centers Trading Up 2.1 %

NASDAQ REG opened at $71.66 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.85 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 business has a 50 day moving average price of $72.38 and a 200-day moving average price of $72.67. The company has a market cap of $13.01 billion, a price-to-earnings ratio of 33.80, a P/E/G ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results 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%. As a group, equities analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.705 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.94%. Regency Centers’s payout ratio is 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.