ASR Vermogensbeheer N.V. Makes New $1.81 Million Investment in Regency Centers Corporation (NASDAQ:REG)

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. bought a new position in Regency Centers Corporation (NASDAQ:REG - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 24,577 shares of the company's stock, valued at approximately $1,813,000.

Several other institutional investors have also recently made changes to their positions in the company. iA Global Asset Management Inc. lifted its holdings in Regency Centers by 56.5% during the first quarter. iA Global Asset Management Inc. now owns 7,452 shares of the company's stock valued at $550,000 after purchasing an additional 2,691 shares during the last quarter. Probity Advisors Inc. lifted its holdings in shares of Regency Centers by 11.8% in the first quarter. Probity Advisors Inc. now owns 7,794 shares of the company's stock worth $575,000 after buying an additional 824 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Regency Centers in the first quarter worth about $9,928,000. Jefferies Financial Group Inc. purchased a new stake in shares of Regency Centers in the first quarter worth about $32,136,000. Finally, Natixis Advisors LLC lifted its holdings in shares of Regency Centers by 9.3% in the first quarter. Natixis Advisors LLC now owns 34,115 shares of the company's stock worth $2,516,000 after buying an additional 2,907 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

Insider Activity

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business'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 transaction of $301,205.52. Following the completion of the transaction, the insider directly owned 33,069 shares in the company, valued at approximately $2,395,518.36. The trade was a 11.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company's stock.

Regency Centers Stock Performance

NASDAQ REG traded down $0.43 during trading hours on Wednesday, hitting $71.45. The company's stock had a trading volume of 650,838 shares, compared to its average volume of 1,099,470. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18. The company's 50 day simple moving average is $70.97 and its two-hundred day simple moving average is $71.86. The company has a market cap of $12.97 billion, a P/E ratio of 33.39, a price-to-earnings-growth ratio of 3.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13.

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

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a dividend of $0.705 per share. The ex-dividend date is Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.9%. Regency Centers's payout ratio is 131.78%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on REG. Truist Financial upped their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. 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. Evercore ISI increased their price objective on Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Finally, Barclays started coverage on shares of Regency Centers in a report on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $77.92.

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.