Integrated Advisors Network LLC Takes $593,000 Position in Regency Centers Corporation (NASDAQ:REG)

Integrated Advisors Network LLC purchased a new stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 8,043 shares of the company's stock, valued at approximately $593,000.

A number of other hedge funds have also recently made changes to their positions in REG. State of Wyoming lifted its stake in shares of Regency Centers by 11.3% in the 4th quarter. State of Wyoming now owns 1,543 shares of the company's stock valued at $114,000 after acquiring an additional 157 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Regency Centers by 3.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company's stock valued at $356,000 after purchasing an additional 164 shares during the period. Farther Finance Advisors LLC increased its holdings in Regency Centers by 27.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock valued at $74,000 after purchasing an additional 219 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Regency Centers by 7.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,395 shares of the company's stock valued at $251,000 after purchasing an additional 244 shares during the period. Finally, Signaturefd LLC increased its holdings in Regency Centers by 17.5% during the 4th quarter. Signaturefd LLC now owns 1,757 shares of the company's stock valued at $130,000 after purchasing an additional 262 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Stock Performance

Shares of NASDAQ:REG traded down $0.26 during midday trading on Tuesday, hitting $70.14. The company had a trading volume of 1,390,884 shares, compared to its average volume of 1,056,953. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 3.43 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. The company has a fifty day moving average of $71.66 and a two-hundred day moving average of $72.43.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.01. The business had revenue of $370.35 million during the quarter, compared to analyst estimates of $364.64 million. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. During the same quarter in the prior year, the business posted $1.08 EPS. On average, equities research analysts expect that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently declared 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. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's payout ratio is 133.02%.

Insider Activity at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were 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 $2,395,518.36. This trade represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.