Charles Schwab Investment Management Inc. Buys 15,975 Shares of Regency Centers Co. (NASDAQ:REG)

Charles Schwab Investment Management Inc. raised its stake in Regency Centers Co. (NASDAQ:REG) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,328,510 shares of the company’s stock after acquiring an additional 15,975 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.28% of Regency Centers worth $172,147,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in REG. Glenmede Trust Co. NA boosted its holdings in shares of Regency Centers by 4.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock valued at $244,000 after acquiring an additional 141 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Regency Centers by 4.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock worth $286,000 after buying an additional 163 shares during the period. Smartleaf Asset Management LLC boosted its position in Regency Centers by 3.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company’s stock worth $356,000 after buying an additional 164 shares during the period. Greenleaf Trust boosted its position in Regency Centers by 3.8% during the 4th quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock worth $350,000 after buying an additional 172 shares during the period. Finally, Groupama Asset Managment boosted its position in Regency Centers by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 27,046 shares of the company’s stock worth $1,954,000 after buying an additional 212 shares during the period. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Down 0.7 %

Shares of NASDAQ:REG opened at $73.96 on Friday. The company has a market capitalization of $13.41 billion, a price-to-earnings ratio of 34.89, a P/E/G ratio of 3.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The business’s 50-day moving average is $72.92 and its 200-day moving average is $72.94. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $78.18.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping 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%. Equities research analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s payout ratio is 133.02%.

Wall Street Analysts Forecast Growth

REG has been the topic of several recent research reports. Wells Fargo & Company cut their target price on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Evercore ISI cut their target price on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. BTIG Research lifted their target price on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Mizuho lifted their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and an average price target of $78.08.

Insider Buying and Selling

In other news, CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the completion of the sale, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the business’s stock in a transaction that occurred 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 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. 1.00% of the stock is owned by company 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.