WESPAC Advisors LLC Makes New $722,000 Investment in Regency Centers Corporation (NASDAQ:REG)

WESPAC Advisors LLC acquired a new position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,782 shares of the company's stock, valued at approximately $722,000.

Several other institutional investors have also recently bought and sold shares of REG. Norges Bank purchased a new stake in Regency Centers during the fourth quarter valued at about $1,262,425,000. JPMorgan Chase & Co. raised its position in shares of Regency Centers by 0.5% in the fourth quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company's stock valued at $823,711,000 after purchasing an additional 51,424 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Regency Centers by 1.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company's stock valued at $771,859,000 after buying an additional 171,047 shares in the last quarter. Invesco Ltd. boosted its holdings in 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 buying an additional 2,944,854 shares during the period. Finally, Geode Capital Management LLC grew its stake in 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 buying an additional 86,644 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Scotiabank dropped their target price on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. 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. Barclays initiated coverage on Regency Centers in a research report on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 price target on the stock. Wells Fargo & Company cut their price objective 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. Finally, Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Regency Centers has a consensus rating of "Moderate Buy" and a consensus price target of $78.00.

Insider Buying and Selling at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the transaction, the insider owned 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 legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

Regency Centers Stock Up 0.9%

Shares of NASDAQ:REG traded up $0.59 on Monday, reaching $69.93. The company had a trading volume of 912,377 shares, compared to its average volume of 1,090,099. The firm has a market capitalization of $12.69 billion, a PE ratio of 32.99, a PEG ratio of 3.38 and a beta of 1.00. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18. The firm's 50 day simple moving average is $71.43 and its 200-day simple moving average is $71.93.

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 analysts' consensus estimates of $1.14 by $0.01. The business had revenue of $370.35 million during the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same period in the previous year, the company posted $1.08 earnings per share. As a group, analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.705 per share. The ex-dividend date was Wednesday, June 11th. This represents a $2.82 annualized dividend and a dividend yield of 4.03%. Regency Centers's dividend payout ratio is presently 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.