4,662 Shares in Regency Centers Co. (NASDAQ:REG) Bought by Comprehensive Money Management Services LLC

Comprehensive Money Management Services LLC bought a new position in Regency Centers Co. (NASDAQ:REG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,662 shares of the company's stock, valued at approximately $345,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State of Wyoming lifted its position in shares of Regency Centers by 11.3% during the 4th quarter. State of Wyoming now owns 1,543 shares of the company's stock valued at $114,000 after buying an additional 157 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Regency Centers by 3.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company's stock valued at $356,000 after buying an additional 164 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of Regency Centers by 3.8% in the fourth quarter. Greenleaf Trust now owns 4,735 shares of the company's stock worth $350,000 after buying an additional 172 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Regency Centers by 27.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock worth $74,000 after buying an additional 219 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Regency Centers by 7.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,395 shares of the company's stock worth $251,000 after buying an additional 244 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Trading Down 0.9%

REG traded down $0.63 during trading hours on Friday, reaching $71.76. 2,067,620 shares of the company's stock traded hands, compared to its average volume of 1,055,996. The firm has a 50-day moving average price of $71.52 and a 200 day moving average price of $72.71. Regency Centers Co. has a 52-week low of $60.00 and a 52-week high of $78.18. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $13.03 billion, a PE ratio of 33.85, a PEG ratio of 3.75 and a beta of 1.02.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. The company had revenue of $370.35 million during the quarter, compared to analysts' expectations of $364.64 million. During the same quarter in the previous year, the business earned $1.08 EPS. As a group, sell-side analysts predict that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's dividend payout ratio is 133.02%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their target price 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. Truist Financial lifted their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, Scotiabank reduced their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and an average price target of $78.08.

Insiders Place Their Bets

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the completion of the sale, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. This represents a 31.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the sale, the insider now owns 33,069 shares of the company's stock, valued at $2,395,518.36. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

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.