Regency Centers Corporation (NASDAQ:REG) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 306.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,006 shares of the company's stock after purchasing an additional 10,557 shares during the quarter. Exchange Traded Concepts LLC's holdings in Regency Centers were worth $1,033,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of REG. Empowered Funds LLC acquired a new position in Regency Centers in the 4th quarter valued at about $395,000. Principal Securities Inc. boosted its holdings in Regency Centers by 29.0% in the 4th quarter. Principal Securities Inc. now owns 1,360 shares of the company's stock valued at $101,000 after purchasing an additional 306 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in Regency Centers by 104.1% in the 4th quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock valued at $1,442,000 after purchasing an additional 10,221 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Regency Centers by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 25,724 shares of the company's stock worth $1,902,000 after acquiring an additional 1,180 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Regency Centers by 4,400.0% in the 4th quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock worth $63,000 after acquiring an additional 836 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total value of $301,205.52. Following the sale, the insider now directly owns 33,069 shares of the company's stock, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.00% of the company's stock.

Regency Centers Stock Performance

Shares of REG stock opened at $70.72 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. Regency Centers Corporation has a 52 week low of $60.64 and a 52 week high of $78.18. The stock has a market capitalization of $12.84 billion, a PE ratio of 33.36, a P/E/G ratio of 3.45 and a beta of 1.01. The firm has a 50 day moving average of $71.72 and a two-hundred day moving average of $72.39.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, beating 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 company had revenue of $370.35 million during the quarter, compared to analysts' expectations of $364.64 million. During the same quarter last year, the company posted $1.08 EPS. On average, research analysts predict that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's dividend payout ratio is presently 133.02%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Wall Street Zen lowered shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Wells Fargo & Company decreased 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. Finally, Scotiabank decreased their price objective 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.

Want to see what other hedge funds are holding REG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regency Centers Corporation (NASDAQ:REG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.