Regency Centers Co. (NASDAQ:REG) Shares Purchased by Rhumbline Advisers

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new stake in Regency Centers during the fourth quarter worth about $26,000. National Pension Service acquired a new stake in shares of Regency Centers during the 4th quarter worth approximately $27,000. TD Waterhouse Canada Inc. increased 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 worth $36,000 after buying an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Regency Centers during the 4th quarter worth approximately $39,000. Finally, Ameriflex Group Inc. acquired a new stake in Regency Centers during the fourth quarter worth $53,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Scotiabank cut their target price on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. Wells Fargo & Company cut their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Finally, Truist Financial raised 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. Three 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $78.08.

Insider Transactions at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the 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 completion of the transaction, the chairman now owns 110,263 shares in the company, valued at approximately $8,102,125.24. The trade was a 31.20% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Regency Centers Trading Down 0.6%

Shares of REG stock opened at $71.24 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The stock has a market capitalization of $12.93 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 3.75 and a beta of 1.01. The company has a 50 day moving average price of $71.41 and a 200 day moving average price of $72.65. Regency Centers Co. has a fifty-two week low of $60.00 and a fifty-two week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. The business had revenue of $370.35 million during the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. During the same quarter in the previous year, the firm posted $1.08 earnings per share. Equities research analysts predict that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.82 annualized dividend and a yield of 3.96%. Regency Centers's payout ratio is 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.

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