Regency Centers Co. (NASDAQ:REG) Shares Purchased by APG Asset Management N.V.

APG Asset Management N.V. raised its position in Regency Centers Co. (NASDAQ:REG) by 329.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,598 shares of the company’s stock after buying an additional 15,800 shares during the quarter. APG Asset Management N.V.’s holdings in Regency Centers were worth $1,195,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. PGGM Investments increased its stake in shares of Regency Centers by 2,586.9% during the second quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock worth $103,912,000 after acquiring an additional 1,608,431 shares during the period. Principal Financial Group Inc. boosted its holdings in Regency Centers by 16.5% in the 1st quarter. Principal Financial Group Inc. now owns 8,565,897 shares of the company’s stock valued at $518,751,000 after purchasing an additional 1,210,906 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Regency Centers by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock worth $547,995,000 after purchasing an additional 873,062 shares during the period. Vanguard Group Inc. raised its stake in shares of Regency Centers by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock worth $1,749,520,000 after buying an additional 830,572 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Regency Centers by 67.0% in the 1st quarter. Russell Investments Group Ltd. now owns 987,147 shares of the company’s stock valued at $59,768,000 after buying an additional 395,901 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Activity at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the sale, the chairman now directly owns 307,199 shares of the company’s stock, valued at approximately $21,503,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the sale, the chairman now owns 307,199 shares in the company, valued at approximately $21,503,930. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael R. Herman sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the transaction, the vice president now owns 13,010 shares in the company, valued at $905,105.70. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and raised their price objective for the company from $70.00 to $75.00 in a research note on Thursday, September 26th. Mizuho boosted their price objective on shares of Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Wells Fargo & Company increased their target price on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Finally, Evercore ISI lowered Regency Centers from an “outperform” rating to an “inline” rating and boosted their price target for the stock from $72.00 to $75.00 in a research note on Monday, September 16th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $76.20.

Regency Centers Trading Up 1.1 %

Shares of Regency Centers stock opened at $72.23 on Tuesday. The business has a 50 day moving average price of $70.92 and a 200 day moving average price of $64.20. The company has a market capitalization of $13.35 billion, a P/E ratio of 35.23, a P/E/G ratio of 4.52 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. Regency Centers Co. has a 1 year low of $56.29 and a 1 year high of $75.26.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.48). The company had revenue of $357.25 million during the quarter, compared to analysts’ expectations of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same quarter in the prior year, the company earned $1.03 earnings per share. Sell-side analysts anticipate that Regency Centers Co. will post 4.23 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers’s dividend payout ratio is presently 130.73%.

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.