USA Financial Formulas Buys New Holdings in Regency Centers Co. (NASDAQ:REG)

USA Financial Formulas acquired a new position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,843 shares of the company's stock, valued at approximately $800,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in REG. Heck Capital Advisors LLC acquired a new stake in shares of Regency Centers in the 4th quarter valued at $26,000. National Pension Service acquired a new stake in shares of Regency Centers in the 4th quarter valued at $27,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares in the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Regency Centers in the 4th quarter valued at $39,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of Regency Centers in the 1st quarter valued at $38,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was 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 of the company's stock, valued at $2,395,518.36. The trade was a 11.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on REG shares. Truist Financial raised their target price on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a report on Monday, May 19th. Scotiabank reduced their target price on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. 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. Finally, Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned 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 an average target price of $78.08.

Regency Centers Trading Down 1.1%

REG traded down $0.81 during midday trading on Friday, hitting $70.25. 1,452,036 shares of the company were exchanged, compared to its average volume of 1,053,860. The firm has a market capitalization of $12.75 billion, a P/E ratio of 33.14, a P/E/G ratio of 3.75 and a beta of 1.01. Regency Centers Co. has a 1-year low of $60.64 and a 1-year high of $78.18. The firm's 50 day moving average price is $71.55 and its 200-day moving average price is $72.51. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. The firm had revenue of $370.35 million for the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. During the same period in the previous year, the business earned $1.08 EPS. As a group, equities analysts forecast that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's dividend payout ratio is 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.