Vanguard Personalized Indexing Management LLC Has $813,000 Holdings in Regency Centers Co. (NASDAQ:REG)

Vanguard Personalized Indexing Management LLC increased its stake in shares of Regency Centers Co. (NASDAQ:REG) by 36.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 13,075 shares of the company’s stock after acquiring an additional 3,480 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Regency Centers were worth $813,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Fidelis Capital Partners LLC bought a new position in Regency Centers in the 1st quarter worth $27,000. Quest Partners LLC grew its position in shares of Regency Centers by 25,250.0% in the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock valued at $32,000 after purchasing an additional 505 shares during the last quarter. Family Firm Inc. bought a new position in shares of Regency Centers in the second quarter worth about $44,000. Blue Trust Inc. lifted its position in shares of Regency Centers by 582.1% during the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after purchasing an additional 716 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Regency Centers during the 1st quarter valued at approximately $52,000. 96.07% of the stock is owned by institutional investors.

Regency Centers Stock Performance

NASDAQ:REG opened at $72.53 on Wednesday. The firm has a market capitalization of $13.40 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 4.66 and a beta of 1.21. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 12-month low of $56.29 and a 12-month high of $75.26. The firm has a 50-day moving average price of $70.34 and a 200 day moving average price of $63.82.

Regency Centers (NASDAQ:REG) last issued its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). The company had revenue of $357.25 million during the quarter, compared to analyst estimates of $361.56 million. Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. During the same period in the previous year, the company posted $1.03 earnings per share. Research analysts anticipate that Regency Centers Co. will post 4.23 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.68 annualized dividend and a dividend yield of 3.70%. Regency Centers’s dividend payout ratio is presently 130.73%.

Insider Transactions at Regency Centers

In related news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the transaction, the vice president now directly owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the transaction, the vice president now owns 13,010 shares in the company, valued at $905,105.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the transaction, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

REG has been the topic of several recent analyst reports. Raymond James lifted their price target on Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Compass Point upped their target price on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Evercore ISI downgraded shares of Regency Centers from an “outperform” rating to an “inline” rating and increased their price target for the company from $72.00 to $75.00 in a report on Monday, September 16th. Wells Fargo & Company boosted their price objective on shares of Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Finally, Truist Financial increased their target price on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.10.

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.