11,795 Shares in Regency Centers Co. (NASDAQ:REG) Bought by MBB Public Markets I LLC

MBB Public Markets I LLC purchased a new stake in Regency Centers Co. (NASDAQ:REG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 11,795 shares of the company’s stock, valued at approximately $734,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. APG Asset Management N.V. grew its stake in shares of Regency Centers by 329.3% in the second quarter. APG Asset Management N.V. now owns 20,598 shares of the company’s stock valued at $1,195,000 after buying an additional 15,800 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Regency Centers by 6.0% in the 2nd quarter. AQR Capital Management LLC now owns 23,631 shares of the company’s stock valued at $1,462,000 after acquiring an additional 1,331 shares during the period. AXA S.A. increased its stake in shares of Regency Centers by 5.2% during the 2nd quarter. AXA S.A. now owns 214,378 shares of the company’s stock worth $13,334,000 after purchasing an additional 10,516 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Regency Centers by 60.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,618 shares of the company’s stock valued at $2,091,000 after purchasing an additional 12,682 shares during the period. Finally, Masterton Capital Management LP lifted its stake in Regency Centers by 177.2% in the 2nd quarter. Masterton Capital Management LP now owns 185,157 shares of the company’s stock valued at $11,517,000 after purchasing an additional 118,357 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on REG shares. Truist Financial upped their price objective on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Compass Point increased their price target on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Raymond James raised their price target on Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, August 16th. JPMorgan Chase & Co. upped their price objective on shares of Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Wells Fargo & Company raised their target price on shares of Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.20.

Regency Centers Price Performance

Shares of Regency Centers stock opened at $72.17 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $13.10 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 4.45 and a beta of 1.21. Regency Centers Co. has a twelve month low of $56.29 and a twelve month high of $75.26. The company has a 50-day simple moving average of $71.04 and a two-hundred day simple moving average of $64.30.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.48). The company had revenue of $357.25 million during the quarter, compared to the consensus estimate of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same quarter last year, the firm posted $1.03 earnings per share. Analysts forecast that Regency Centers Co. will post 4.24 EPS for the current year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Thursday, September 12th. Regency Centers’s payout ratio is currently 130.73%.

Insider Activity at Regency Centers

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