8,043 Shares in Regency Centers Co. (NASDAQ:REG) Acquired by Integrated Advisors Network LLC

Integrated Advisors Network LLC acquired a new position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,043 shares of the company's stock, valued at approximately $593,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC boosted its stake in Regency Centers by 104.1% in the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock valued at $1,442,000 after acquiring an additional 10,221 shares during the period. Teacher Retirement System of Texas acquired a new position in Regency Centers in the fourth quarter valued at approximately $1,499,000. Raymond James Financial Inc. acquired a new position in Regency Centers in the fourth quarter valued at approximately $11,925,000. US Bancorp DE boosted its stake in Regency Centers by 4.3% in the fourth quarter. US Bancorp DE now owns 8,383 shares of the company's stock valued at $620,000 after acquiring an additional 347 shares during the period. Finally, Empowered Funds LLC acquired a new position in Regency Centers in the fourth quarter valued at approximately $395,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Price Performance

Shares of REG stock traded down $0.81 during midday trading on Friday, reaching $70.25. 1,452,036 shares of the company were exchanged, compared to its average volume of 1,053,860. Regency Centers Co. has a 12 month low of $60.64 and a 12 month high of $78.18. The company has a market cap of $12.75 billion, a P/E ratio of 33.14, a PEG ratio of 3.75 and a beta of 1.01. The company's 50 day moving average price is $71.55 and its two-hundred day moving average price is $72.51. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly 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. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. The company had revenue of $370.35 million for the quarter, compared to the consensus estimate of $364.64 million. During the same period in the previous year, the firm earned $1.08 EPS. On average, sell-side analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors 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 dividend on an annualized basis and a dividend yield of 4.01%. Regency Centers's payout ratio is currently 133.02%.

Insider Buying and Selling

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were 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 in the company, valued at $2,395,518.36. The trade was a 11.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wells Fargo & Company decreased their target price 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 lowered shares of Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday. Truist Financial boosted their target price on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, Scotiabank reduced their target price on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.