Charles Schwab Investment Management Inc. Acquires 19,675 Shares of Regency Centers Corporation (NASDAQ:REG)

Charles Schwab Investment Management Inc. grew its position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,348,185 shares of the company's stock after purchasing an additional 19,675 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.29% of Regency Centers worth $173,202,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in Regency Centers by 64.1% in the 4th quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock valued at $205,645,000 after purchasing an additional 1,086,797 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Regency Centers in the 1st quarter valued at $32,136,000. Adelante Capital Management LLC acquired a new stake in Regency Centers in the 4th quarter valued at $24,399,000. FMR LLC grew its position in Regency Centers by 16.1% in the 4th quarter. FMR LLC now owns 2,113,299 shares of the company's stock valued at $156,236,000 after purchasing an additional 293,668 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Regency Centers in the 4th quarter valued at $20,908,000. Institutional investors own 96.07% of the company's stock.

Insider Buying and Selling at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company's stock.

Regency Centers Stock Performance

Regency Centers stock traded down $0.86 during midday trading on Thursday, reaching $71.16. The stock had a trading volume of 567,312 shares, compared to its average volume of 1,101,947. The firm's 50-day moving average price is $70.98 and its 200 day moving average price is $71.87. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18. The firm has a market capitalization of $12.92 billion, a PE ratio of 33.25, a P/E/G ratio of 3.45 and a beta of 1.05. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72.

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, beating the consensus estimate of $1.12 by $0.04. The firm had revenue of $369.85 million for the quarter, compared to analysts' expectations of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%. The company's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 earnings per share. As a group, research analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

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 given a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, September 11th. Regency Centers's dividend payout ratio is 131.78%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on REG. Evercore ISI lifted their price objective on shares of Regency Centers from $79.00 to $80.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Scotiabank cut 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 report on Monday, May 12th. Truist Financial lifted their price objective 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. Robert W. Baird lifted their target price on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, Barclays began coverage on Regency Centers in a research note on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 target price on the stock. One equities 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $77.92.

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.