Stableford Capital II LLC Increases Stake in Regency Centers Corporation (NASDAQ:REG)

Stableford Capital II LLC raised its holdings 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 disclosure with the Securities and Exchange Commission. The fund owned 28,773 shares of the company's stock after buying an additional 5,823 shares during the period. Regency Centers comprises 0.9% of Stableford Capital II LLC's portfolio, making the stock its 28th largest holding. Stableford Capital II LLC's holdings in Regency Centers were worth $2,062,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in Regency Centers during the fourth quarter valued at approximately $26,000. National Pension Service bought a new position in shares of Regency Centers in the fourth quarter worth approximately $27,000. TD Waterhouse Canada Inc. boosted its position in shares of Regency Centers by 48,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 487 shares during the period. Canada Post Corp Registered Pension Plan bought a new position in shares of Regency Centers in the fourth quarter worth approximately $39,000. Finally, Sentry Investment Management LLC bought a new position in shares of Regency Centers in the first quarter worth approximately $38,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business'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 transaction of $301,205.52. Following the sale, the insider now directly owns 33,069 shares of the company's stock, valued at $2,395,518.36. The trade was a 11.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

REG has been the subject of a number of recent analyst reports. Scotiabank dropped their price target 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 lowered shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Truist Financial upped their price target on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company dropped their price target 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $78.08.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $70.72 on Friday. 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 fifty day moving average price of $71.72 and a 200 day moving average price of $72.39. Regency Centers Corporation has a fifty-two week low of $60.64 and a fifty-two week high of $78.18. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 33.36, a P/E/G ratio of 3.45 and a beta of 1.01.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, topping 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 firm had revenue of $370.35 million during the quarter, compared to analyst estimates of $364.64 million. During the same quarter in the prior year, the business earned $1.08 earnings per share. As a group, sell-side analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders 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 annualized dividend and a yield of 3.99%. Regency Centers's payout ratio is currently 133.02%.

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.

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