Fox Run Management L.L.C. Purchases Shares of 4,888 Regency Centers Corporation $REG

Key Points

• Fox Run Management L.L.C. acquired a new stake in Regency Centers Corporation, purchasing 4,888 shares valued at approximately $361,000.
• Analysts have a current average rating of "Moderate Buy" for Regency Centers, with a price target averaging $78.33 amid mixed ratings from research firms.
• Regency Centers announced a quarterly dividend of $0.705 per share, representing an annualized yield of 4.0% and a payout ratio of 131.78%.

Fox Run Management L.L.C. purchased a new stake in Regency Centers Corporation (NASDAQ:REG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,888 shares of the company's stock, valued at approximately $361,000.

Other large investors also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new stake in shares of Regency Centers in the first quarter valued at approximately $25,000. Heck Capital Advisors LLC acquired a new position in shares of Regency Centers during the fourth quarter valued at approximately $26,000. TD Waterhouse Canada Inc. increased its stake in shares of Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after acquiring an additional 487 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock valued at $37,000 after acquiring an additional 150 shares during the period. Finally, Sentry Investment Management LLC acquired a new position in shares of Regency Centers during the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Ratings Changes

REG has been the topic of a number of research analyst reports. Evercore ISI raised their price objective on shares of Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. Truist Financial set a $81.00 price objective on shares of Regency Centers and gave the company a "buy" rating in a research note on Friday. Robert W. Baird raised their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Barclays began coverage on shares of Regency Centers in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price target on the stock. Finally, Scotiabank decreased 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 research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and an average price target of $78.33.

Insider Buying and Selling

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the completion of the sale, the insider owned 33,069 shares of the company's stock, valued at $2,395,518.36. This trade represents a 11.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company's stock.

Regency Centers Trading Down 1.0%

Regency Centers stock opened at $70.34 on Tuesday. The company has a 50 day moving average price of $70.92 and a 200 day moving average price of $71.83. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 32.87, a P/E/G ratio of 3.40 and a beta of 1.05.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.04. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The firm had revenue of $369.85 million during the quarter, compared to analyst estimates of $366.35 million. During the same quarter last year, the business posted $1.06 EPS. The company's revenue was up 6.6% on a year-over-year basis. Research analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.705 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a yield of 4.0%. Regency Centers's dividend payout ratio (DPR) is currently 131.78%.

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.

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