13,221 Shares in Regency Centers Corporation (NASDAQ:REG) Purchased by Friedenthal Financial

Friedenthal Financial bought a new stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,221 shares of the company's stock, valued at approximately $975,000.

Several other institutional investors have also added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new position in shares of Regency Centers in the 4th quarter worth $26,000. National Pension Service purchased a new position in shares of Regency Centers in the 4th quarter worth $27,000. TD Waterhouse Canada Inc. boosted its stake in shares of Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after buying an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan purchased a new position in shares of Regency Centers in the 4th quarter worth $39,000. Finally, Sentry Investment Management LLC purchased a new position in shares of Regency Centers in the 1st quarter worth $38,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction dated 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 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company's stock.

Regency Centers Price Performance

NASDAQ:REG traded up $0.42 on Friday, reaching $71.14. 1,948,954 shares of the company's stock traded hands, compared to its average volume of 1,059,000. 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 stock has a 50-day simple moving average of $71.76 and a 200-day simple moving average of $72.35. The firm has a market cap of $12.91 billion, a PE ratio of 33.56, a P/E/G ratio of 3.47 and a beta of 1.01. Regency Centers Corporation has a 12 month low of $60.64 and a 12 month high of $78.18.

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

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.82 annualized dividend and a dividend yield of 3.96%. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Analyst Ratings Changes

Several research firms have recently commented on REG. Wells Fargo & Company reduced their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Scotiabank lowered their price objective on 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, Truist Financial increased their target price 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and an average target price of $78.08.

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.