Integrated Advisors Network LLC Takes $593,000 Position in Regency Centers Co. (NASDAQ:REG)

Integrated Advisors Network LLC purchased a new position in shares of Regency Centers Co. (NASDAQ:REG) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 8,043 shares of the company’s stock, valued at approximately $593,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in Regency Centers during the fourth quarter worth $395,000. Principal Securities Inc. raised its holdings in shares of Regency Centers by 29.0% in the 4th quarter. Principal Securities Inc. now owns 1,360 shares of the company’s stock worth $101,000 after acquiring an additional 306 shares during the last quarter. Sheaff Brock Investment Advisors LLC bought a new position in Regency Centers in the 4th quarter valued at about $634,000. Principal Financial Group Inc. lifted its position in Regency Centers by 4.2% in the 4th quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock valued at $678,873,000 after acquiring an additional 366,427 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired 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 and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen downgraded Regency Centers from a “hold” rating to a “sell” rating in a research note on Saturday. Wells Fargo & Company dropped their price objective on Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Truist Financial upped their target price on shares of Regency Centers from $78.00 to $79.00 and gave the stock a “buy” rating in a research note on Monday, May 19th. Finally, Scotiabank lowered 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 report on Monday, May 12th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

Insider Activity

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total value of $301,205.52. Following the completion of the transaction, the insider now directly owns 33,069 shares in the company, valued at approximately $2,395,518.36. The trade was a 11.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Regency Centers Price Performance

REG opened at $70.25 on Friday. Regency Centers Co. has a fifty-two week low of $60.64 and a fifty-two week high of $78.18. The firm has a 50-day moving average of $71.55 and a 200 day moving average of $72.53. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The firm has a market cap of $12.75 billion, a P/E ratio of 33.14, a PEG ratio of 3.75 and a beta of 1.01.

Regency Centers (NASDAQ:REG) last released its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. The firm had revenue of $370.35 million during the quarter, compared to the consensus estimate of $364.64 million. During the same period in the prior year, the firm earned $1.08 EPS. On average, research analysts expect that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be paid a $0.705 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 annualized dividend and a dividend yield of 4.01%. Regency Centers’s payout ratio is presently 133.02%.

Regency Centers Company 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.