Regency Centers Co. (NASDAQ:REG) Shares Purchased by Vert Asset Management LLC

Vert Asset Management LLC lifted its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 7.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 79,528 shares of the company's stock after purchasing an additional 5,371 shares during the quarter. Regency Centers accounts for about 2.0% of Vert Asset Management LLC's holdings, making the stock its 18th largest position. Vert Asset Management LLC's holdings in Regency Centers were worth $5,866,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in Regency Centers during the 4th quarter valued at approximately $26,000. National Pension Service bought a new stake in shares of Regency Centers in the fourth quarter worth about $27,000. TD Waterhouse Canada Inc. increased its holdings in shares of 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 bought a new stake in Regency Centers during the first quarter worth approximately $38,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Regency Centers during the fourth quarter valued at approximately $39,000. 96.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction 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 represents a 11.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by insiders.

Regency Centers Stock Up 0.1%

Shares of REG traded up $0.05 during mid-day trading on Thursday, hitting $71.06. 896,016 shares of the company's stock were exchanged, compared to its average volume of 1,054,954. Regency Centers Co. has a 52 week low of $60.33 and a 52 week high of $78.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The company has a 50-day simple moving average of $71.38 and a 200 day simple moving average of $72.58. The company has a market cap of $12.90 billion, a PE ratio of 33.52, a P/E/G ratio of 3.75 and a beta of 1.01.

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 the consensus estimate of $1.14 by $0.01. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. The company had revenue of $370.35 million during the quarter, compared to the consensus estimate of $364.64 million. During the same quarter in the prior year, the firm posted $1.08 earnings per share. On average, research analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Wednesday, June 11th. Regency Centers's payout ratio is 133.02%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on REG shares. Wells Fargo & Company reduced their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Truist Financial raised their price target on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, Scotiabank cut their price objective on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $78.08.

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.