Kovitz Investment Group Partners LLC Buys Shares of 37,395 Regency Centers Corporation $REG

Kovitz Investment Group Partners LLC bought a new stake in Regency Centers Corporation (NASDAQ:REG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 37,395 shares of the company's stock, valued at approximately $2,758,000.

Other large investors have also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in shares of Regency Centers during the first quarter worth about $25,000. Heck Capital Advisors LLC bought a new position in shares of Regency Centers during the fourth quarter worth about $26,000. TD Waterhouse Canada Inc. raised its position in shares of Regency Centers by 48,700.0% during the fourth 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. Caitong International Asset Management Co. Ltd raised its position in shares of Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock worth $37,000 after acquiring an additional 150 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in shares of Regency Centers during the first quarter worth about $40,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Trading Down 0.1%

Shares of REG stock opened at $71.02 on Monday. The company has a market cap of $12.89 billion, a P/E ratio of 33.19, a PEG ratio of 3.40 and a beta of 1.05. The stock has a 50 day simple moving average of $70.95 and a two-hundred day simple moving average of $71.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.04. The business had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 earnings per share. Research analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, September 11th. Regency Centers's dividend payout ratio (DPR) is 131.78%.

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 that occurred 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 owned 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Evercore ISI raised their price objective on Regency Centers from $79.00 to $80.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. Scotiabank lowered their price objective 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. Truist Financial set a $81.00 price objective on Regency Centers in a research report on Friday. Robert W. Baird raised their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Mizuho lowered their price objective on Regency Centers from $79.00 to $74.00 and set an "outperform" rating for the company in a research report on Thursday, July 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $78.33.

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.

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