Azzad Asset Management Inc. ADV Makes New Investment in Regency Centers Corporation (NASDAQ:REG)

Azzad Asset Management Inc. ADV purchased a new position in Regency Centers Corporation (NASDAQ:REG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,524 shares of the company's stock, valued at approximately $2,251,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Empowered Funds LLC bought a new position in shares of Regency Centers during the 4th quarter valued at $395,000. Principal Securities Inc. grew its holdings in shares of Regency Centers by 29.0% during the 4th quarter. Principal Securities Inc. now owns 1,360 shares of the company's stock valued at $101,000 after purchasing an additional 306 shares during the last quarter. Sheaff Brock Investment Advisors LLC bought a new position in shares of Regency Centers during the 4th quarter valued at $634,000. Principal Financial Group Inc. grew its holdings in shares of Regency Centers by 4.2% during the 4th quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company's stock valued at $678,873,000 after purchasing an additional 366,427 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Regency Centers during the 4th quarter valued at $54,000. Institutional investors own 96.07% of the company's stock.

Regency Centers Trading Up 1.1%

Shares of NASDAQ:REG traded up $0.76 on Wednesday, hitting $70.90. The company had a trading volume of 379,321 shares, compared to its average volume of 1,054,397. The firm's 50-day simple moving average is $71.66 and its two-hundred day simple moving average is $72.43. Regency Centers Corporation has a 1 year low of $60.64 and a 1 year high of $78.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of 33.43, a P/E/G ratio of 3.43 and a beta of 1.01.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. The firm had revenue of $370.35 million during the quarter, compared to analysts' expectations of $364.64 million. During the same period last year, the company posted $1.08 EPS. Equities analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be given a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a yield of 3.98%. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

Wall Street Analysts Forecast Growth

REG has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday. Truist Financial raised their price target on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Scotiabank cut their price target on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Finally, Wells Fargo & Company cut their price target on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $78.08.

Insider Activity at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers 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 transaction, the insider now directly owns 33,069 shares of the company's stock, valued at approximately $2,395,518.36. The trade was a 11.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.

Regency Centers 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.