American Century Companies Inc. Has $94.32 Million Stock Holdings in Regency Centers Corporation $REG

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

American Century Companies Inc. trimmed its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 36.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,278,794 shares of the company's stock after selling 739,583 shares during the period. American Century Companies Inc. owned approximately 0.70% of Regency Centers worth $94,324,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of REG. Wayfinding Financial LLC bought a new stake in Regency Centers during the 1st quarter worth approximately $25,000. Heck Capital Advisors LLC bought a new stake in Regency Centers during the 4th quarter worth approximately $26,000. TD Waterhouse Canada Inc. increased its stake in Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 487 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Regency Centers by 42.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock worth $37,000 after purchasing an additional 150 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new stake in Regency Centers during the 1st quarter worth approximately $38,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total value of $301,205.52. Following the completion of the transaction, the insider directly owned 33,069 shares of the company's stock, valued at approximately $2,395,518.36. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of research reports. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Barclays initiated coverage on Regency Centers in a research note on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 target price for the company. Truist Financial set a $81.00 target price on Regency Centers in a research note on Friday. Mizuho decreased their price target on shares of Regency Centers from $79.00 to $74.00 and set an "outperform" rating for the company in a research note on Thursday, July 17th. Finally, Scotiabank decreased their price target on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Regency Centers currently has a consensus rating of "Moderate Buy" and an average price target of $78.33.

Regency Centers Price Performance

NASDAQ:REG opened at $71.02 on Monday. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $70.95 and a 200 day simple moving average of $71.84. The stock has a market capitalization of $12.89 billion, a PE ratio of 33.19, a P/E/G ratio of 3.40 and a beta of 1.05.

Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.04. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The business had revenue of $369.85 million during the quarter, compared to analysts' expectations of $366.35 million. During the same period last year, the business earned $1.06 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. On average, research analysts expect that Regency Centers Corporation 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 Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.705 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $2.82 annualized dividend and a dividend yield of 4.0%. Regency Centers's dividend payout ratio (DPR) is currently 131.78%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.