24,577 Shares in Regency Centers Corporation (NASDAQ:REG) Acquired by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. acquired a new position in Regency Centers Corporation by purchasing 24,577 shares valued at approximately $1.81 million in Q1.
• Regency Centers reported a quarterly EPS of $1.16, exceeding estimates, with revenues of $369.85 million, reflecting a 6.6% year-over-year increase.
• The company declared a quarterly dividend of $0.705 per share, resulting in an annualized dividend yield of 3.9% and a payout ratio of 131.78%.

ASR Vermogensbeheer N.V. purchased a new position in Regency Centers Corporation (NASDAQ:REG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,577 shares of the company's stock, valued at approximately $1,813,000.

Other large investors also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in shares of Regency Centers during the first quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new stake in Regency Centers in the 4th quarter valued at $26,000. TD Waterhouse Canada Inc. grew its stake in Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after acquiring an additional 487 shares during the period. Sentry Investment Management LLC purchased a new position in Regency Centers in the 1st quarter valued at $38,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in Regency Centers in the 4th quarter valued at $39,000. Institutional investors own 96.07% of the company's stock.

Insider Buying and Selling

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the sale, the insider directly owned 33,069 shares in the company, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

REG has been the topic of several research analyst reports. Evercore ISI boosted their price objective on shares of Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a report on Wednesday, July 30th. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Scotiabank dropped their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Mizuho lowered their target price on Regency Centers from $79.00 to $74.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. Finally, Robert W. Baird increased their price objective on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $77.92.

Regency Centers Stock Down 0.9%

NASDAQ REG traded down $0.62 on Friday, reaching $71.92. The stock had a trading volume of 746,743 shares, compared to its average volume of 1,173,176. The business has a 50 day moving average price of $70.97 and a 200 day moving average price of $71.87. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 33.61, a P/E/G ratio of 3.45 and a beta of 1.05.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.04. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%. The company had revenue of $369.85 million during the quarter, compared to analysts' expectations of $366.35 million. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The business's quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.705 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $2.82 annualized dividend and a yield of 3.9%. Regency Centers's dividend payout ratio is 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.