Penserra Capital Management LLC Buys 11,016 Shares of Regency Centers Corporation (NASDAQ:REG)

Penserra Capital Management LLC grew its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 2,660.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,430 shares of the company's stock after buying an additional 11,016 shares during the period. Penserra Capital Management LLC's holdings in Regency Centers were worth $843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wayfinding Financial LLC bought a new position in shares of Regency Centers during the 1st quarter valued at about $25,000. Heck Capital Advisors LLC bought a new position in shares of Regency Centers during the 4th quarter valued at about $26,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of Regency Centers during the 1st quarter valued at about $38,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in shares of Regency Centers during the 4th quarter valued at about $39,000. Institutional investors own 96.07% of the company's stock.

Wall Street Analyst Weigh In

REG has been the topic of several recent analyst reports. Wells Fargo & Company cut their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Scotiabank cut their target price on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Barclays began coverage on Regency Centers in a research note on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 target price on the stock. Truist Financial boosted their target price on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $78.00.

Insider Transactions at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business's 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 sale, the insider directly owned 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 SEC, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

Regency Centers Stock Down 0.1%

Shares of NASDAQ:REG traded down $0.10 during trading on Friday, hitting $69.16. 241,393 shares of the company were exchanged, compared to its average volume of 1,062,821. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. The stock has a market cap of $12.55 billion, a price-to-earnings ratio of 32.59, a P/E/G ratio of 3.36 and a beta of 1.00. Regency Centers Corporation has a fifty-two week low of $62.92 and a fifty-two week high of $78.18. The firm has a fifty day moving average price of $71.50 and a two-hundred day moving average price of $72.00.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.01. The business had revenue of $370.35 million for 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 period in the previous year, the firm earned $1.08 EPS. As a group, research analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th were paid a $0.705 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.82 annualized dividend and a yield of 4.08%. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

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.