Rhumbline Advisers Has $26.95 Million Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Rhumbline Advisers raised its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 11.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 365,410 shares of the company's stock after purchasing an additional 36,205 shares during the period. Rhumbline Advisers owned 0.20% of Regency Centers worth $26,953,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in REG. State of Wyoming increased its stake in shares of Regency Centers by 11.3% in the fourth quarter. State of Wyoming now owns 1,543 shares of the company's stock worth $114,000 after purchasing an additional 157 shares during the period. Smartleaf Asset Management LLC grew its holdings in Regency Centers by 3.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company's stock valued at $356,000 after buying an additional 164 shares during the last quarter. Greenleaf Trust increased its position in Regency Centers by 3.8% in the 4th quarter. Greenleaf Trust now owns 4,735 shares of the company's stock worth $350,000 after buying an additional 172 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Regency Centers by 27.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock worth $74,000 after buying an additional 219 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Regency Centers by 7.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,395 shares of the company's stock valued at $251,000 after acquiring an additional 244 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on REG shares. Scotiabank dropped their target price on shares of 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 raised their price target on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company dropped their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $78.08.

Regency Centers Price Performance

Shares of REG stock traded up $0.15 during mid-day trading on Monday, reaching $72.16. The company's stock had a trading volume of 853,033 shares, compared to its average volume of 1,056,226. The firm's 50-day moving average is $71.38 and its two-hundred day moving average is $72.61. The company has a market cap of $13.10 billion, a P/E ratio of 34.04, a PEG ratio of 3.75 and a beta of 1.01. Regency Centers Co. has a 1-year low of $60.00 and a 1-year high of $78.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85.

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, beating analysts' consensus estimates of $1.14 by $0.01. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. The business had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. During the same quarter in the previous year, the firm posted $1.08 earnings per share. On average, research analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be paid a $0.705 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 annualized dividend and a dividend yield of 3.91%. Regency Centers's dividend payout ratio is currently 133.02%.

Insider Transactions at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the transaction, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. The trade was a 31.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's stock in a transaction dated 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 now directly owns 33,069 shares in the company, valued at $2,395,518.36. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

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.