Penserra Capital Management LLC Boosts Stake in Regency Centers Corporation (NASDAQ:REG)

Penserra Capital Management LLC raised its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 2,660.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 11,430 shares of the company's stock after acquiring 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 SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new position in Regency Centers in the first quarter worth $25,000. Heck Capital Advisors LLC purchased a new position in Regency Centers in the fourth quarter worth $26,000. TD Waterhouse Canada Inc. boosted its position in Regency Centers by 48,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 487 shares during the last quarter. Sentry Investment Management LLC purchased a new position in Regency Centers in the first quarter worth $38,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in Regency Centers in the fourth quarter worth $39,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Stock Performance

Shares of REG traded up $0.08 during mid-day trading on Friday, hitting $69.34. The stock had a trading volume of 1,380,379 shares, compared to its average volume of 1,065,762. The firm has a market cap of $12.59 billion, a P/E ratio of 32.71, a PEG ratio of 3.38 and a beta of 1.00. The business has a fifty day moving average price of $71.43 and a 200-day moving average price of $71.94. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18.

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

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th were paid a dividend of $0.705 per share. The ex-dividend date was Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.07%. Regency Centers's payout ratio is 133.02%.

Insider Activity

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 transaction of $301,205.52. Following the sale, the insider directly owned 33,069 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Truist Financial boosted their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Barclays assumed coverage on Regency Centers in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price objective on the stock. 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 research report on Wednesday, March 26th. Scotiabank cut their price objective 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. Finally, Wall Street Zen lowered Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $78.00.

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.