SG Americas Securities LLC Makes New $734,000 Investment in Regency Centers Corporation (NASDAQ:REG)

SG Americas Securities LLC purchased a new position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,949 shares of the company's stock, valued at approximately $734,000.

A number of other institutional investors have also recently bought and sold shares of REG. Norges Bank acquired a new position in Regency Centers during the fourth quarter worth approximately $1,262,425,000. Invesco Ltd. increased its position in Regency Centers by 121.2% during the fourth quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock worth $397,333,000 after buying an additional 2,944,854 shares during the last quarter. Northern Trust Corp increased its position in Regency Centers by 64.1% during the fourth quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock worth $205,645,000 after buying an additional 1,086,797 shares during the last quarter. Prudential Financial Inc. increased its position in Regency Centers by 51.7% during the fourth quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company's stock worth $159,363,000 after buying an additional 734,210 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in Regency Centers by 137.2% during the fourth quarter. California Public Employees Retirement System now owns 776,521 shares of the company's stock worth $57,408,000 after buying an additional 449,110 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Price Performance

Shares of REG stock traded up $0.42 during trading on Friday, hitting $71.14. The company had a trading volume of 1,948,954 shares, compared to its average volume of 1,059,000. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $12.91 billion, a P/E ratio of 33.56, a price-to-earnings-growth ratio of 3.47 and a beta of 1.01. The stock's 50-day moving average price is $71.76 and its 200 day moving average price is $72.35. Regency Centers Corporation has a one year low of $60.64 and a one year high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last issued 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. The business had revenue of $370.35 million during the quarter, compared to analysts' expectations of $364.64 million. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. During the same period in the previous year, the company posted $1.08 earnings per share. Equities analysts expect that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be paid a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

Insider Activity at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's 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 completion of the sale, the insider now directly owns 33,069 shares in the company, valued at $2,395,518.36. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on REG shares. Truist Financial boosted their price target on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Scotiabank decreased their target price on 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. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Finally, Wells Fargo & Company decreased their target price on 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 analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Regency Centers has a consensus rating of "Moderate Buy" and a consensus price target of $78.08.

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.