Dimensional Fund Advisors LP Acquires 117,368 Shares of Regency Centers Co. (NASDAQ:REG)

Dimensional Fund Advisors LP grew its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,641,921 shares of the company’s stock after acquiring an additional 117,368 shares during the quarter. Dimensional Fund Advisors LP owned about 1.43% of Regency Centers worth $164,327,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings in shares of Regency Centers by 3.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock valued at $295,000 after buying an additional 152 shares in the last quarter. Naviter Wealth LLC raised its holdings in shares of Regency Centers by 2.0% during the 1st quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock valued at $667,000 after buying an additional 218 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Regency Centers by 7.6% during the 2nd quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock valued at $238,000 after buying an additional 269 shares in the last quarter. SYSTM Wealth Solutions LLC raised its holdings in shares of Regency Centers by 13.3% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,303 shares of the company’s stock valued at $140,000 after buying an additional 271 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Regency Centers by 0.3% during the 1st quarter. State of Alaska Department of Revenue now owns 104,027 shares of the company’s stock valued at $6,298,000 after buying an additional 305 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

REG opened at $71.59 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. Regency Centers Co. has a 52-week low of $56.29 and a 52-week high of $75.26. The stock has a market capitalization of $12.99 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 4.66 and a beta of 1.21. The stock’s 50 day moving average price is $70.18 and its 200-day moving average price is $63.71.

Regency Centers (NASDAQ:REG) last posted its 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). Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. The business had revenue of $357.25 million for the quarter, compared to analysts’ expectations of $361.56 million. During the same period last year, the firm posted $1.03 earnings per share. On average, equities research analysts predict that Regency Centers Co. will post 4.23 EPS for the current year.

Regency Centers Dividend Announcement

The firm 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 dividend of $0.67 per share. The ex-dividend date is Thursday, September 12th. This represents a $2.68 annualized dividend and a dividend yield of 3.74%. Regency Centers’s dividend payout ratio (DPR) is presently 130.73%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on REG shares. JPMorgan Chase & Co. raised their price objective on Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Scotiabank raised their price objective on Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Compass Point raised their price objective on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Evercore ISI cut Regency Centers from an “outperform” rating to an “inline” rating and lifted their price target for the stock from $72.00 to $75.00 in a research note on Monday, September 16th. Finally, Wells Fargo & Company lifted their price target on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.10.

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.