Regency Centers Co. (NASDAQ:REG) Position Increased by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 7,058.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 278,518 shares of the company's stock after buying an additional 274,627 shares during the quarter. GAMMA Investing LLC owned about 0.15% of Regency Centers worth $20,543,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Heck Capital Advisors LLC bought a new position in shares of Regency Centers in the fourth quarter valued at approximately $26,000. National Pension Service bought a new position in Regency Centers in the fourth quarter valued at approximately $27,000. TD Waterhouse Canada Inc. boosted its position in Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after acquiring an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Regency Centers in the fourth quarter valued at about $39,000. Finally, Ameriflex Group Inc. bought a new stake in Regency Centers during the fourth quarter worth $53,000. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on REG. Scotiabank lowered 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. 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 report on Wednesday, March 26th. Finally, Truist Financial upped their price target on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Three research analysts have rated the stock with 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $78.08.

Insider Buying and Selling

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm'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 completion of the sale, the insider now owns 33,069 shares of the company's stock, valued at approximately $2,395,518.36. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were 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 trade represents a 31.20% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Regency Centers Stock Up 1.1%

Shares of NASDAQ:REG traded up $0.77 on Friday, reaching $72.01. The company had a trading volume of 1,144,774 shares, compared to its average volume of 1,056,560. Regency Centers Co. has a 52-week low of $60.00 and a 52-week high of $78.18. The firm's 50 day simple moving average is $71.41 and its 200-day simple moving average is $72.65. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $13.07 billion, a PE ratio of 33.97, a PEG ratio of 3.75 and a beta of 1.01.

Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.01. The firm had revenue of $370.35 million during the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. During the same quarter in the previous year, the company posted $1.08 earnings per share. As a group, analysts expect that Regency Centers Co. will post 4.54 earnings per share 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. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.92%. The ex-dividend date is Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

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.