Insigneo Advisory Services LLC Takes $292,000 Position in Regency Centers Corporation (NASDAQ:REG)

Insigneo Advisory Services LLC bought a new stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,956 shares of the company's stock, valued at approximately $292,000.

Several other hedge funds also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in Regency Centers in the 4th quarter worth approximately $26,000. National Pension Service bought a new stake in shares of Regency Centers during the fourth quarter valued at approximately $27,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Regency Centers by 48,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after buying an additional 487 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new position in shares of Regency Centers during the fourth quarter worth $39,000. Finally, Sentry Investment Management LLC purchased a new position in Regency Centers during the first quarter valued at $38,000. Institutional investors own 96.07% of the company's stock.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the 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 in the company, valued at $2,395,518.36. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on REG shares. 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 note on Monday, May 12th. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Truist Financial increased their price target on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company reduced their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $78.08.

Regency Centers Stock Performance

NASDAQ REG opened at $70.72 on Friday. The business's 50 day moving average price is $71.72 and its 200-day moving average price is $72.39. Regency Centers Corporation has a fifty-two week low of $60.64 and a fifty-two week high of $78.18. The company has a market cap of $12.84 billion, a P/E ratio of 33.36, a P/E/G ratio of 3.45 and a beta of 1.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. The company had revenue of $370.35 million during the quarter, compared to analyst estimates of $364.64 million. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same period in the previous year, the firm earned $1.08 earnings per share. Sell-side analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be paid a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's payout ratio is currently 133.02%.

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.

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