Insigneo Advisory Services LLC Takes $292,000 Position in Regency Centers Corporation (NASDAQ:REG)

Insigneo Advisory Services LLC acquired a new position in Regency Centers Corporation (NASDAQ:REG) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 3,956 shares of the company’s stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of REG. Heck Capital Advisors LLC purchased a new stake in shares of Regency Centers in the 4th quarter worth $26,000. National Pension Service bought a new position in shares of Regency Centers during the fourth quarter valued at approximately $27,000. TD Waterhouse Canada Inc. increased its holdings in Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock valued at $36,000 after buying an additional 487 shares during the period. Sentry Investment Management LLC bought a new stake in Regency Centers during the 1st quarter valued at $38,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in shares of Regency Centers in the 4th quarter worth $39,000. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wall Street Zen downgraded Regency Centers from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. Truist Financial boosted their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the stock a “buy” rating in a research note on Monday, May 19th. Scotiabank decreased their target price 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. Finally, Wells Fargo & Company cut their price target 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. 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.08.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Regency Centers Stock Up 0.8%

REG stock opened at $70.72 on Friday. The stock has a market capitalization of $12.84 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 3.45 and a beta of 1.01. Regency Centers Corporation has a 52 week low of $60.64 and a 52 week 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. The firm has a 50 day moving average of $71.72 and a 200 day moving average of $72.39.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. The business had revenue of $370.35 million during the quarter, compared to analysts’ expectations of $364.64 million. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same quarter last year, the company posted $1.08 earnings per share. Sell-side analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.705 per share. 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 3.99%. Regency Centers’s dividend payout ratio is currently 133.02%.

About Regency Centers

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.