Bank of America Corp DE boosted its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 41.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 566,846 shares of the company's stock after purchasing an additional 166,115 shares during the period. Bank of America Corp DE owned about 0.31% of Regency Centers worth $41,907,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of REG. Heck Capital Advisors LLC bought a new position in shares of Regency Centers in the fourth quarter worth $26,000. National Pension Service purchased a new stake in Regency Centers during the 4th quarter worth about $27,000. TD Waterhouse Canada Inc. boosted its stake in Regency Centers by 48,700.0% in the 4th 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 purchased a new position in Regency Centers during the 4th quarter valued at about $39,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Regency Centers during the 4th quarter valued at about $54,000. 96.07% of the stock is owned by institutional investors.
Regency Centers Trading Down 1.3%
Shares of REG stock traded down $0.95 during trading hours on Wednesday, reaching $72.18. The company's stock had a trading volume of 86,302 shares, compared to its average volume of 1,045,639. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a one year low of $58.19 and a one year high of $78.18. The stock has a market capitalization of $13.10 billion, a P/E ratio of 34.11, a P/E/G ratio of 3.75 and a beta of 1.02. The firm's fifty day simple moving average is $71.55 and its 200 day simple moving average is $72.81.
Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.01. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. The business had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. During the same quarter in the previous year, the business posted $1.08 earnings per share. Equities research analysts expect that Regency Centers Co. will post 4.54 EPS for the current year.
Regency Centers Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors 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 yield of 3.91%. Regency Centers's payout ratio is currently 133.02%.
Insider Activity at Regency Centers
In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the transaction, the chairman now directly owns 110,263 shares in the company, valued at approximately $8,102,125.24. The trade was a 31.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several brokerages recently commented on REG. Truist Financial boosted their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research note on Monday. Wells Fargo & Company lowered their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, Scotiabank decreased their target price on shares of 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. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Regency Centers has a consensus rating of "Moderate Buy" and a consensus target price of $78.08.
View Our Latest Analysis on REG
About Regency Centers
(
Free Report)
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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