Vanguard Personalized Indexing Management LLC Grows Stock Position in Regency Centers Co. (NASDAQ:REG)

Vanguard Personalized Indexing Management LLC lifted its stake in Regency Centers Co. (NASDAQ:REG) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,259 shares of the company’s stock after acquiring an additional 359 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Regency Centers were worth $505,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Spire Wealth Management boosted its holdings in shares of Regency Centers by 175.1% in the first quarter. Spire Wealth Management now owns 476 shares of the company’s stock worth $29,000 after acquiring an additional 303 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Regency Centers by 59.8% in the first quarter. Lindbrook Capital LLC now owns 545 shares of the company’s stock worth $33,000 after acquiring an additional 204 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Regency Centers by 86.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 542 shares of the company’s stock worth $33,000 after acquiring an additional 252 shares during the period. MV Capital Management Inc. boosted its stake in Regency Centers by 10,411.1% during the first quarter. MV Capital Management Inc. now owns 946 shares of the company’s stock valued at $58,000 after buying an additional 937 shares during the period. Finally, Belpointe Asset Management LLC bought a new stake in Regency Centers during the fourth quarter valued at $70,000. 90.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on REG. Truist Financial dropped their price objective on Regency Centers from $73.00 to $71.00 in a research note on Monday, May 15th. Barclays lifted their price objective on Regency Centers from $70.00 to $71.00 in a research note on Friday, May 19th. StockNews.com began coverage on Regency Centers in a research note on Wednesday, August 23rd. They set a “hold” rating for the company. Finally, Bank of America dropped their price target on Regency Centers from $79.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.89.

Insider Transactions at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $66.51, for a total value of $8,313,750.00. Following the sale, the chairman now directly owns 343,399 shares of the company’s stock, valued at approximately $22,839,467.49. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Nicholas Andrew Wibbenmeyer sold 900 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $66.39, for a total value of $59,751.00. Following the transaction, the executive vice president now directly owns 18,749 shares of the company’s stock, valued at approximately $1,244,746.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 125,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $66.51, for a total value of $8,313,750.00. Following the completion of the transaction, the chairman now directly owns 343,399 shares in the company, valued at $22,839,467.49. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

Regency Centers stock opened at $61.19 on Monday. The stock’s 50 day simple moving average is $62.99 and its two-hundred day simple moving average is $60.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market cap of $10.46 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 3.57 and a beta of 1.18. Regency Centers Co. has a fifty-two week low of $51.97 and a fifty-two week high of $68.56.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.51). The firm had revenue of $314.25 million for the quarter, compared to the consensus estimate of $313.32 million. Regency Centers had a net margin of 29.33% and a return on equity of 5.75%. During the same period in the previous year, the firm posted $1.00 earnings per share. As a group, analysts expect that Regency Centers Co. will post 4.14 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Thursday, September 14th will be given a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.25%. Regency Centers’s dividend payout ratio is currently 121.50%.

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.