SG Americas Securities LLC Purchases Shares of 9,949 Regency Centers Corporation (NASDAQ:REG)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Regency Centers in the 4th quarter valued at about $1,262,425,000. JPMorgan Chase & Co. grew its holdings in Regency Centers by 0.5% during the 4th quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company's stock worth $823,711,000 after acquiring an additional 51,424 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Regency Centers by 1.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company's stock worth $771,859,000 after acquiring an additional 171,047 shares in the last quarter. Invesco Ltd. raised its position in shares of Regency Centers by 121.2% in the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock worth $397,333,000 after acquiring an additional 2,944,854 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Regency Centers by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 4,568,525 shares of the company's stock valued at $336,955,000 after purchasing an additional 86,644 shares during the period. Institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

REG has been the subject of several recent analyst reports. Truist Financial raised their target price on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Scotiabank reduced their price objective on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Finally, Wells Fargo & Company reduced their price target on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $78.08.

Insider Activity

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company'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 value of $301,205.52. Following the transaction, the insider now directly owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company's stock.

Regency Centers Stock Performance

REG traded down $0.61 during trading hours on Tuesday, hitting $71.66. The stock had a trading volume of 1,085,233 shares, compared to its average volume of 1,058,041. Regency Centers Corporation has a 1 year low of $60.64 and a 1 year high of $78.18. The company's fifty day simple moving average is $71.80 and its 200 day simple moving average is $72.33. The stock has a market cap of $13.01 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 3.47 and a beta of 1.01. 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 (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 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 analysts' expectations of $364.64 million. During the same period in the prior year, the company posted $1.08 EPS. Equities analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Wednesday, June 11th. Regency Centers's payout ratio is presently 133.02%.

About Regency Centers

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.