Park Avenue Securities LLC Acquires New Shares in Regency Centers Co. (NASDAQ:REG)

Park Avenue Securities LLC acquired a new stake in Regency Centers Co. (NASDAQ:REG) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,860 shares of the company’s stock, valued at approximately $211,000.

A number of other large investors have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in Regency Centers in the 4th quarter valued at about $26,000. National Pension Service acquired a new stake in Regency Centers during the fourth quarter worth approximately $27,000. TD Waterhouse Canada Inc. lifted its position in Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock worth $36,000 after acquiring an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in Regency Centers during the fourth quarter worth approximately $39,000. Finally, Sentry Investment Management LLC acquired a new stake in Regency Centers during the first quarter worth approximately $38,000. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on REG. Scotiabank dropped their price target on shares of Regency Centers from $76.00 to $75.00 and set a “sector perform” rating for the company in a research report on Monday, May 12th. Truist Financial lifted their price target on shares of Regency Centers from $78.00 to $79.00 and gave the company a “buy” rating in a research report on Monday, May 19th. Wells Fargo & Company dropped their price target 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 downgraded shares of Regency Centers from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, three have given 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, the stock has an average rating of “Moderate Buy” and an average target price of $78.08.

Regency Centers Price Performance

Shares of REG opened at $70.40 on Tuesday. Regency Centers Co. has a twelve month low of $60.64 and a twelve month high of $78.18. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $71.65 and a 200 day moving average of $72.45. The company has a market capitalization of $12.78 billion, a P/E ratio of 33.21, a price-to-earnings-growth ratio of 3.75 and a beta of 1.01.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.14 by $0.01. The firm had revenue of $370.35 million for the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. During the same period last year, the firm earned $1.08 EPS. As a group, equities research analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

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

Insider Transactions at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the 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 sale, the insider now directly owns 33,069 shares of the company’s stock, valued at $2,395,518.36. This represents a 11.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

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.