Farther Finance Advisors LLC Buys 432 Shares of Regency Centers Corporation (NASDAQ:REG)

Farther Finance Advisors LLC raised its stake in Regency Centers Corporation (NASDAQ:REG) by 43.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,435 shares of the company’s stock after purchasing an additional 432 shares during the quarter. Farther Finance Advisors LLC’s holdings in Regency Centers were worth $106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of REG. Principal Securities Inc. lifted its position in Regency Centers by 29.0% in the fourth quarter. Principal Securities Inc. now owns 1,360 shares of the company’s stock valued at $101,000 after purchasing an additional 306 shares during the last quarter. Sanctuary Advisors LLC lifted 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 during the last quarter. CIBC Asset Management Inc lifted its position in Regency Centers by 4.8% in the fourth quarter. CIBC Asset Management Inc now owns 25,724 shares of the company’s stock valued at $1,902,000 after purchasing an additional 1,180 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Regency Centers by 4,400.0% in the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company’s stock valued at $63,000 after purchasing an additional 836 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in Regency Centers by 41.2% in the fourth quarter. Ieq Capital LLC now owns 4,876 shares of the company’s stock valued at $360,000 after purchasing an additional 1,423 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of REG stock opened at $71.14 on Friday. The stock has a market cap of $12.91 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 3.47 and a beta of 1.01. The business’s fifty day moving average is $71.76 and its 200 day moving average is $72.35. Regency Centers Corporation has a twelve month low of $60.64 and a twelve month high of $78.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70.

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

Regency Centers Announces Dividend

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 paid 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 dividend yield of 3.96%. 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 on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the sale, the insider now directly owns 33,069 shares of the company’s stock, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

REG has been the subject of a number of recent analyst reports. Truist Financial upped their target price on Regency Centers from $78.00 to $79.00 and gave the company a “buy” rating in a report on Monday, May 19th. Wall Street Zen downgraded Regency Centers from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Scotiabank decreased their target price on Regency Centers from $76.00 to $75.00 and set a “sector perform” rating for the company in a report on Monday, May 12th. Finally, Wells Fargo & Company decreased their target price on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

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.