Cullen Frost Bankers Inc. Increases Stock Position in Regency Centers Corporation (NASDAQ:REG)

Cullen Frost Bankers Inc. increased its stake in Regency Centers Corporation (NASDAQ:REG - Free Report) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 145,724 shares of the company's stock after purchasing an additional 4,734 shares during the quarter. Cullen Frost Bankers Inc. owned approximately 0.08% of Regency Centers worth $10,749,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC grew its position in shares of Regency Centers by 9,201.8% during the 1st quarter. Larson Financial Group LLC now owns 5,209 shares of the company's stock valued at $384,000 after purchasing an additional 5,153 shares in the last quarter. CWM LLC raised its stake in shares of Regency Centers by 21.6% during the first quarter. CWM LLC now owns 1,570 shares of the company's stock valued at $116,000 after acquiring an additional 279 shares during the last quarter. New York State Common Retirement Fund raised its stake in Regency Centers by 4.2% in the first quarter. New York State Common Retirement Fund now owns 131,981 shares of the company's stock worth $9,735,000 after buying an additional 5,300 shares in the last quarter. Xponance Inc. grew its holdings in Regency Centers by 1.9% in the first quarter. Xponance Inc. now owns 29,162 shares of the company's stock worth $2,151,000 after purchasing an additional 544 shares during the period. Finally, WESPAC Advisors LLC purchased a new stake in Regency Centers in the first quarter worth about $722,000. Institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

REG has been the topic of several recent research reports. Scotiabank decreased their price target 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. Truist Financial lifted their price target on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Barclays assumed coverage on shares of Regency Centers in a research note on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 target price for the company. Finally, Wells Fargo & Company reduced 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Regency Centers has an average rating of "Moderate Buy" and a consensus target price of $77.54.

Regency Centers Trading Down 0.0%

Shares of NASDAQ:REG traded down $0.03 during midday trading on Friday, reaching $69.87. The company had a trading volume of 979,563 shares, compared to its average volume of 1,069,242. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 3.40 and a beta of 1.00. The company has a fifty day simple moving average of $71.17 and a two-hundred day simple moving average of $71.79.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating 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 business 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 company earned $1.08 EPS. Research analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders 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 is currently 133.02%.

Insider Activity

In other 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 transaction of $301,205.52. Following the sale, the insider owned 33,069 shares in the company, valued at approximately $2,395,518.36. This 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 is accessible through this link. Corporate insiders own 1.00% of the company's stock.

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.