Stableford Capital II LLC Buys 5,823 Shares of Regency Centers Corporation (NASDAQ:REG)

Stableford Capital II LLC boosted its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 25.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,773 shares of the company's stock after purchasing an additional 5,823 shares during the quarter. Regency Centers comprises approximately 0.9% of Stableford Capital II LLC's investment portfolio, making the stock its 28th biggest position. Stableford Capital II LLC's holdings in Regency Centers were worth $2,062,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in REG. Proathlete Wealth Management LLC bought a new stake in shares of Regency Centers in the first quarter valued at about $124,000. Friedenthal Financial bought a new stake in shares of Regency Centers in the first quarter valued at about $975,000. State of Alaska Department of Revenue boosted its position in shares of Regency Centers by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 107,328 shares of the company's stock valued at $7,915,000 after acquiring an additional 1,600 shares during the period. Insigneo Advisory Services LLC bought a new stake in shares of Regency Centers in the first quarter valued at about $292,000. Finally, QRG Capital Management Inc. boosted its position in shares of Regency Centers by 2.4% in the first quarter. QRG Capital Management Inc. now owns 80,839 shares of the company's stock valued at $5,963,000 after acquiring an additional 1,872 shares during the period. 96.07% of the stock is owned by institutional investors.

Insider Transactions at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the completion of the transaction, the insider now owns 33,069 shares of the company's stock, valued at $2,395,518.36. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company's stock.

Regency Centers Price Performance

Shares of REG stock traded up $1.13 on Monday, reaching $72.27. The company had a trading volume of 792,029 shares, compared to its average volume of 1,057,932. The stock has a market capitalization of $13.12 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 3.47 and a beta of 1.02. 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 one year low of $60.64 and a one year high of $78.18. The business's 50-day moving average is $71.80 and its 200 day moving average is $72.33.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.01. The firm had revenue of $370.35 million during the quarter, compared to analysts' expectations of $364.64 million. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same quarter in the prior year, the business earned $1.08 earnings per share. Equities research analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.90%. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Wells Fargo & Company reduced their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Truist Financial boosted their target price 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. Finally, Scotiabank dropped their price target on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Regency Centers currently has an average rating of "Moderate Buy" and a consensus 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.