Azzad Asset Management Inc. ADV Takes $2.25 Million Position in Regency Centers Co. (NASDAQ:REG)

Azzad Asset Management Inc. ADV bought a new stake in Regency Centers Co. (NASDAQ:REG - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 30,524 shares of the company's stock, valued at approximately $2,251,000.

Several other large investors also recently made changes to their positions in REG. Empowered Funds LLC bought a new position in shares of Regency Centers during the 4th quarter worth approximately $395,000. Principal Securities Inc. lifted its position 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 worth $101,000 after buying an additional 306 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new position in shares of Regency Centers during the 4th quarter worth approximately $634,000. Principal Financial Group Inc. lifted its position 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 worth $678,873,000 after buying an additional 366,427 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Regency Centers during the 4th quarter worth approximately $54,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business'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 sale, the insider now directly owns 33,069 shares of the company's stock, valued at $2,395,518.36. The trade was a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

REG has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price 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. Truist Financial lifted their target price 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. Scotiabank dropped their target price 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, Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $78.08.

Regency Centers Stock Performance

Regency Centers stock traded down $0.81 during mid-day trading on Friday, reaching $70.25. The company's stock had a trading volume of 1,452,036 shares, compared to its average volume of 1,053,860. Regency Centers Co. has a 12-month low of $60.64 and a 12-month high of $78.18. The company has a market capitalization of $12.75 billion, a P/E ratio of 33.14, a PEG ratio of 3.75 and a beta of 1.01. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The firm's fifty day moving average price is $71.55 and its two-hundred day moving average price is $72.51.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. The business had revenue of $370.35 million during the quarter, compared to analyst estimates of $364.64 million. During the same period in the previous year, the business earned $1.08 EPS. Sell-side analysts predict that Regency Centers Co. 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 Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.705 per share. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.01%. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

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.