Insigneo Advisory Services LLC Makes New $292,000 Investment in Regency Centers Corporation (NASDAQ:REG)

Insigneo Advisory Services LLC acquired a new position in Regency Centers Corporation (NASDAQ:REG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,956 shares of the company's stock, valued at approximately $292,000.

Other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in Regency Centers during the fourth quarter valued at approximately $26,000. National Pension Service bought a new stake in Regency Centers in the 4th quarter worth approximately $27,000. TD Waterhouse Canada Inc. lifted its position in 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. Sentry Investment Management LLC bought a new stake in Regency Centers in the 1st quarter worth approximately $38,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in Regency Centers in the 4th quarter worth approximately $39,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Trading Up 1.6%

REG stock traded up $1.13 during midday trading on Monday, hitting $72.27. The company had a trading volume of 792,029 shares, compared to its average volume of 1,057,932. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. Regency Centers Corporation has a 52 week low of $60.64 and a 52 week high of $78.18. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 3.47 and a beta of 1.02. The stock's 50 day moving average price is $71.80 and its 200 day moving average price is $72.33.

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

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.82 annualized dividend and a dividend yield of 3.90%. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Analyst Ratings Changes

REG has been the subject of a number of recent research reports. Truist Financial boosted their target price on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Wells Fargo & Company dropped their target price on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Scotiabank dropped their target price on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Finally, Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $78.08.

Insider Activity

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 completion of the transaction, the insider now owns 33,069 shares in the company, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company's stock.

Regency Centers 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.