SG Americas Securities LLC Invests $734,000 in Regency Centers Corporation (NASDAQ:REG)

SG Americas Securities LLC bought a new stake in Regency Centers Corporation (NASDAQ:REG) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,949 shares of the company’s stock, valued at approximately $734,000.

Other large investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in Regency Centers during the fourth quarter worth $26,000. National Pension Service bought a new stake in shares of Regency Centers during the fourth quarter worth $27,000. TD Waterhouse Canada Inc. boosted its holdings in Regency Centers by 48,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock valued at $36,000 after acquiring an additional 487 shares during the last quarter. Sentry Investment Management LLC bought a new position in Regency Centers in the first quarter valued at about $38,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in Regency Centers in the fourth quarter valued at about $39,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Price Performance

NASDAQ:REG opened at $71.14 on Friday. Regency Centers Corporation has a one year low of $60.64 and a one year high of $78.18. The company has a market cap of $12.91 billion, a P/E ratio of 33.56, a P/E/G ratio of 3.45 and a beta of 1.01. The firm’s fifty day moving average price is $71.76 and its two-hundred day moving average price is $72.37. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. The firm had revenue of $370.35 million for the quarter, compared to analyst estimates of $364.64 million. During the same period in the prior year, the firm posted $1.08 EPS. Equities analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Wednesday, June 11th. Regency Centers’s dividend payout ratio (DPR) is currently 133.02%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Truist Financial increased their target price on Regency Centers from $78.00 to $79.00 and gave the company a “buy” rating in a research note on Monday, May 19th. Wells Fargo & Company dropped their price target on Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Wall Street Zen cut Regency Centers from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. Finally, Scotiabank dropped their price objective on Regency Centers from $76.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $78.08.

Insider Transactions at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total transaction of $301,205.52. Following the completion of the sale, the insider now directly owns 33,069 shares in the company, valued at $2,395,518.36. This represents a 11.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently 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.