Regency Centers Corporation (NASDAQ:REG) Stock Holdings Increased by National Bank of Canada FI

National Bank of Canada FI raised its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 91.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 123,072 shares of the company's stock after purchasing an additional 58,664 shares during the period. National Bank of Canada FI owned about 0.07% of Regency Centers worth $9,078,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in REG. Wayfinding Financial LLC purchased a new stake in Regency Centers in the 1st quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new position in shares of Regency Centers during the fourth quarter valued at approximately $26,000. TD Waterhouse Canada Inc. lifted its stake 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 valued at $36,000 after buying an additional 487 shares during the period. Sentry Investment Management LLC purchased a new stake in Regency Centers in the 1st quarter worth approximately $38,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in shares of Regency Centers during the fourth quarter worth $39,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on REG shares. 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 research report on Monday, May 12th. Truist Financial increased their price target on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Barclays began coverage on shares of Regency Centers in a research note on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 price objective for the company. Mizuho reduced their target price on Regency Centers from $79.00 to $74.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. Finally, 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 report on Wednesday, July 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Regency Centers presently has an average rating of "Moderate Buy" and an average target price of $77.92.

Regency Centers Stock Down 1.3%

Shares of Regency Centers stock traded down $0.91 on Thursday, hitting $71.11. 921,007 shares of the company's stock traded hands, compared to its average volume of 1,221,945. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. The stock has a market cap of $12.91 billion, a P/E ratio of 33.23, a PEG ratio of 3.45 and a beta of 1.05. The firm's 50-day moving average is $70.97 and its 200 day moving average is $71.85.

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

Regency Centers Dividend Announcement

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

Insider Activity

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the 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 sale, the insider owned 33,069 shares of the company's stock, valued at $2,395,518.36. This trade represents a 11.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company's stock.

About Regency Centers

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.