Exchange Traded Concepts LLC raised its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 306.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,006 shares of the company's stock after purchasing an additional 10,557 shares during the period. Exchange Traded Concepts LLC's holdings in Regency Centers were worth $1,033,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of Regency Centers in the fourth quarter worth $26,000. National Pension Service acquired a new stake in Regency Centers during the 4th quarter valued at $27,000. TD Waterhouse Canada Inc. grew its holdings in Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in Regency Centers during the 1st quarter valued at $38,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Regency Centers during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 96.07% of the company's stock.
Regency Centers Price Performance
NASDAQ REG traded up $1.13 on Monday, hitting $72.27. 792,029 shares of the company were exchanged, compared to its average volume of 1,057,932. The firm has a 50 day moving average of $71.80 and a two-hundred day moving average of $72.33. The company has a market cap of $13.12 billion, a P/E ratio of 34.09, a P/E/G ratio of 3.47 and a beta of 1.02. 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 Corporation has a 1-year low of $60.64 and a 1-year high of $78.18.
Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $364.64 million. During the same period in the prior year, the company posted $1.08 EPS. On average, equities analysts predict that Regency Centers Corporation will post 4.54 EPS for the current year.
Regency Centers Dividend Announcement
The firm 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 is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a yield of 3.90%. Regency Centers's payout ratio is 133.02%.
Insider Buying and Selling
In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the completion of the transaction, the insider now directly owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of research analysts have commented on REG shares. Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Truist Financial lifted their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Scotiabank cut 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 research report on Monday, May 12th. Finally, Wells Fargo & Company cut their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Regency Centers presently has a consensus rating of "Moderate Buy" and an average price target of $78.08.
Get Our Latest Report on Regency Centers
Regency Centers Company Profile
(
Free Report)
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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