OMERS ADMINISTRATION Corp Purchases 1,233 Shares of Regency Centers Co. (NASDAQ:REG)

OMERS ADMINISTRATION Corp increased its position in Regency Centers Co. (NASDAQ:REG) by 20.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,339 shares of the company’s stock after acquiring an additional 1,233 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Regency Centers were worth $543,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in REG. Smartleaf Asset Management LLC increased its stake in shares of Regency Centers by 3.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company’s stock worth $356,000 after purchasing an additional 164 shares in the last quarter. Greenleaf Trust lifted its stake in shares of Regency Centers by 3.8% during the 4th quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock valued at $350,000 after buying an additional 172 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Regency Centers by 27.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock worth $74,000 after buying an additional 219 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in Regency Centers by 7.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,395 shares of the company’s stock valued at $251,000 after buying an additional 244 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Regency Centers by 17.5% during the 4th quarter. Signaturefd LLC now owns 1,757 shares of the company’s stock valued at $130,000 after acquiring an additional 262 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Stock Up 1.7%

REG stock opened at $73.82 on Monday. Regency Centers Co. has a 1-year low of $58.19 and a 1-year high of $78.18. The stock has a market cap of $13.40 billion, a price-to-earnings 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. The company’s 50 day moving average is $71.46 and its 200 day moving average is $72.79.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data 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. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. The firm had revenue of $370.35 million for the quarter, compared to analysts’ expectations of $364.64 million. During the same quarter last year, the company posted $1.08 EPS. Sell-side analysts predict that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be paid a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers’s dividend payout ratio is currently 133.02%.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was 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 owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. The trade was a 31.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael J. Mas sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 owns 54,020 shares in the company, valued at approximately $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 95,000 shares of company stock worth $6,977,500 over the last ninety days. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Scotiabank reduced their price target on Regency Centers from $76.00 to $75.00 and set a “sector perform” rating for the company in a research report on Monday, May 12th. Wells Fargo & Company cut their target price on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. 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. According to MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Regency Centers Company 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.