Asset Management One Co. Ltd. boosted its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 378,046 shares of the company's stock after purchasing an additional 10,659 shares during the quarter. Asset Management One Co. Ltd. owned about 0.21% of Regency Centers worth $27,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in shares of Regency Centers during the 4th quarter valued at $26,000. National Pension Service purchased a new stake in shares of Regency Centers during the 4th quarter valued at $27,000. TD Waterhouse Canada Inc. raised its position in shares of Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after buying an additional 487 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Regency Centers during the 1st quarter valued at $38,000. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of Regency Centers during the 4th quarter valued at $39,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 33,069 shares of the company's stock, valued at approximately $2,395,518.36. This trade represents a 11.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company's stock.
Regency Centers Stock Performance
Shares of REG stock remained flat at $70.54 on Friday. 1,302,167 shares of the company traded hands, compared to its average volume of 1,055,765. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. Regency Centers Corporation has a 52 week low of $61.34 and a 52 week high of $78.18. The firm's 50 day moving average is $71.77 and its two-hundred day moving average is $72.24. The stock has a market cap of $12.81 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 3.44 and a beta of 1.01.
Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.01. The business had revenue of $370.35 million for the quarter, compared to analyst estimates of $364.64 million. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same quarter last year, the firm earned $1.08 EPS. As a group, sell-side analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.
Regency Centers Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.
Analysts Set New Price Targets
Several analysts have recently weighed in on REG shares. Wall Street Zen upgraded shares of Regency Centers from a "sell" rating to a "hold" rating in a research report on Friday. Truist Financial raised their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Scotiabank lowered their price objective on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. Finally, Wells Fargo & Company lowered their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $78.08.
Check Out Our Latest Report on REG
About Regency Centers
(
Free Report)
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.
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