USA Financial Formulas Invests $800,000 in Regency Centers Co. (NASDAQ:REG)

USA Financial Formulas bought a new position in Regency Centers Co. (NASDAQ:REG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,843 shares of the company's stock, valued at approximately $800,000.

Several other hedge funds have also modified their holdings of REG. Sanctuary Advisors LLC lifted its stake in shares of Regency Centers by 104.1% in the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock worth $1,442,000 after acquiring an additional 10,221 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Regency Centers in the 4th quarter valued at approximately $1,499,000. Raymond James Financial Inc. purchased a new position in shares of Regency Centers during the 4th quarter valued at approximately $11,925,000. US Bancorp DE grew its position in shares of Regency Centers by 4.3% during the fourth quarter. US Bancorp DE now owns 8,383 shares of the company's stock worth $620,000 after buying an additional 347 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Regency Centers in the fourth quarter worth $395,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Stock Performance

REG traded down $0.24 during trading on Thursday, reaching $70.77. 328,244 shares of the company were exchanged, compared to its average volume of 1,052,769. Regency Centers Co. has a 52 week low of $60.33 and a 52 week high of $78.18. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $71.38 and a 200 day moving average of $72.58. The stock has a market cap of $12.85 billion, a P/E ratio of 33.38, a PEG ratio of 3.75 and a beta of 1.01.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. During the same quarter last year, the company earned $1.08 EPS. On average, sell-side analysts forecast that Regency Centers Co. will post 4.54 EPS 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. Investors of record on Wednesday, June 11th will be paid a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Wednesday, June 11th. Regency Centers's dividend payout ratio is currently 133.02%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on REG shares. Scotiabank dropped their target price 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. Truist Financial boosted their price objective on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company reduced their target price on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Regency Centers currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.08.

Insider Buying and Selling

In other Regency Centers 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 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 SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company's stock.

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.