Regency Centers Corporation (NASDAQ:REG) Stake Boosted by Larson Financial Group LLC

Larson Financial Group LLC increased its position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 9,201.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,209 shares of the company's stock after acquiring an additional 5,153 shares during the quarter. Larson Financial Group LLC's holdings in Regency Centers were worth $384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of REG. Teacher Retirement System of Texas acquired a new position in Regency Centers during the fourth quarter worth $1,499,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Regency Centers by 14.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,322 shares of the company's stock worth $2,210,000 after purchasing an additional 3,857 shares during the period. Janney Montgomery Scott LLC boosted its position in Regency Centers by 7.1% during the first quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company's stock worth $317,000 after purchasing an additional 283 shares during the period. Farther Finance Advisors LLC boosted its position in Regency Centers by 43.1% during the first quarter. Farther Finance Advisors LLC now owns 1,435 shares of the company's stock worth $106,000 after purchasing an additional 432 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Regency Centers by 8.6% during the fourth quarter. Ameriprise Financial Inc. now owns 59,776 shares of the company's stock worth $4,431,000 after purchasing an additional 4,734 shares during the period. Institutional investors own 96.07% of the company's stock.

Regency Centers Stock Performance

Regency Centers stock traded down $0.11 during trading hours on Monday, hitting $69.76. 894,403 shares of the stock traded hands, compared to its average volume of 1,068,542. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The firm's 50 day moving average price is $71.17 and its 200-day moving average price is $71.79. The stock has a market capitalization of $12.66 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 3.40 and a beta of 1.00. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $364.64 million. During the same period in the previous year, the business earned $1.08 EPS. As a group, equities analysts expect that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th were given a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 4.04%. The ex-dividend date was Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on REG. Truist Financial boosted their price target on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Mizuho lowered their price objective on Regency Centers from $79.00 to $74.00 and set an "outperform" rating for the company in a research note on Thursday. Scotiabank reduced their target price on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Wells Fargo & Company cut their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Finally, Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Regency Centers has an average rating of "Moderate Buy" and a consensus price target of $77.54.

Insider Transactions at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm's stock in a transaction that occurred 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 transaction, the insider directly owned 33,069 shares of the company's stock, valued at $2,395,518.36. This trade represents a 11.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company's stock.

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.