Exchange Traded Concepts LLC Has $219,000 Position in Regency Centers Co. (NASDAQ:REG)

Exchange Traded Concepts LLC reduced its holdings in Regency Centers Co. (NASDAQ:REG) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,038 shares of the company’s stock after selling 486 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Regency Centers were worth $219,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its position in shares of Regency Centers by 3.3% in the second quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock valued at $295,000 after purchasing an additional 152 shares during the last quarter. Azzad Asset Management Inc. ADV grew its position in shares of Regency Centers by 4.3% in the third quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock valued at $328,000 after purchasing an additional 189 shares during the last quarter. Naviter Wealth LLC lifted its stake in shares of Regency Centers by 2.0% in the first quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock valued at $667,000 after buying an additional 218 shares during the period. V Square Quantitative Management LLC increased its stake in Regency Centers by 7.6% during the second quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock valued at $238,000 after acquiring an additional 269 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in Regency Centers by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 104,027 shares of the company’s stock valued at $6,298,000 after acquiring an additional 305 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Stock Down 1.3 %

NASDAQ REG opened at $71.60 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average is $71.88 and its two-hundred day moving average is $65.42. The company has a market capitalization of $13.23 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 4.40 and a beta of 1.21. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $75.26.

Regency Centers (NASDAQ:REG) last announced its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.48). The business 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 firm earned $1.03 earnings per share. Equities analysts forecast that Regency Centers Co. will post 4.24 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Thursday, September 12th. Regency Centers’s payout ratio is currently 130.73%.

Insider Transactions at Regency Centers

In other news, VP Michael R. Herman sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was 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 $905,105.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Michael R. Herman sold 1,000 shares of the business’s 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $1,750,000.00. Following the completion of the transaction, the chairman now owns 307,199 shares of the company’s stock, valued at $21,503,930. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

REG has been the topic of several research reports. Wells Fargo & Company boosted their price target on Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Compass Point boosted 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. Truist Financial boosted their price target on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Scotiabank boosted their price target on Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Finally, Mizuho boosted their price target on Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.20.

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.