Regency Centers Corporation (NASDAQ:REG) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC increased its holdings in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 9,201.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,209 shares of the company's stock after buying 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 filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC lifted its holdings in Regency Centers by 21.6% during the first quarter. CWM LLC now owns 1,570 shares of the company's stock worth $116,000 after acquiring an additional 279 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Regency Centers by 4.2% during the first quarter. New York State Common Retirement Fund now owns 131,981 shares of the company's stock worth $9,735,000 after purchasing an additional 5,300 shares during the last quarter. Xponance Inc. increased its holdings in shares of Regency Centers by 1.9% during the first quarter. Xponance Inc. now owns 29,162 shares of the company's stock worth $2,151,000 after buying an additional 544 shares in the last quarter. WESPAC Advisors LLC acquired a new stake in Regency Centers in the first quarter valued at $722,000. Finally, Cerity Partners LLC grew its holdings in Regency Centers by 8.6% during the 1st quarter. Cerity Partners LLC now owns 8,915 shares of the company's stock worth $658,000 after acquiring an additional 708 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Mizuho cut their price target on shares of Regency Centers from $79.00 to $74.00 and set an "outperform" rating for the company in a report on Thursday. Wells Fargo & Company dropped their target price 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. Wall Street Zen lowered Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Scotiabank reduced 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 report on Monday, May 12th. Finally, Barclays started coverage on shares of Regency Centers in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Regency Centers presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.54.

Regency Centers Stock Performance

NASDAQ:REG opened at $69.90 on Friday. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. The company has a market cap of $12.69 billion, a P/E ratio of 32.97, a P/E/G ratio of 3.38 and a beta of 1.00. The company's 50-day moving average price is $71.22 and its 200-day moving average price is $71.83. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70.

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

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.705 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.03%. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Insider Activity at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction dated 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 sale, the insider directly owned 33,069 shares in the company, valued at $2,395,518.36. This trade represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.

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