CX Institutional Takes Position in Regency Centers Co. (NASDAQ:REG)

CX Institutional bought a new position in Regency Centers Co. (NASDAQ:REG) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,652 shares of the company’s stock, valued at approximately $122,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC grew its position in Regency Centers by 104.1% in the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company’s stock valued at $1,442,000 after purchasing an additional 10,221 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Regency Centers in the 4th quarter valued at about $1,499,000. Ameriprise Financial Inc. increased its position in shares of Regency Centers by 8.6% in the fourth quarter. Ameriprise Financial Inc. now owns 59,776 shares of the company’s stock valued at $4,431,000 after acquiring an additional 4,734 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Regency Centers in the fourth quarter valued at about $11,925,000. Finally, US Bancorp DE raised its stake in shares of Regency Centers by 4.3% during the 4th quarter. US Bancorp DE now owns 8,383 shares of the company’s stock worth $620,000 after purchasing an additional 347 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Regency Centers Trading Up 0.2%

Shares of Regency Centers stock opened at $70.40 on Tuesday. 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 stock has a market cap of $12.78 billion, a PE ratio of 33.21, a PEG ratio of 3.75 and a beta of 1.01. Regency Centers Co. has a 52-week low of $60.64 and a 52-week high of $78.18. The firm has a 50-day moving average of $71.65 and a 200-day moving average of $72.45.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. The firm had revenue of $370.35 million for the quarter, compared to analyst estimates of $364.64 million. During the same quarter last year, the company earned $1.08 EPS. As a group, sell-side analysts forecast that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The business 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 4.01%. Regency Centers’s payout ratio is 133.02%.

Insider Buying and Selling

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 33,069 shares of the company’s stock, valued at approximately $2,395,518.36. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

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.