Inspire Investing LLC Has $267,000 Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Inspire Investing LLC lowered its stake in shares of Regency Centers Co. (NASDAQ:REG) by 41.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,291 shares of the company’s stock after selling 3,055 shares during the period. Inspire Investing LLC’s holdings in Regency Centers were worth $267,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of REG. Elo Mutual Pension Insurance Co increased its position in Regency Centers by 6.1% during the second quarter. Elo Mutual Pension Insurance Co now owns 17,006 shares of the company’s stock worth $1,058,000 after buying an additional 984 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Regency Centers by 36.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,075 shares of the company’s stock worth $813,000 after purchasing an additional 3,480 shares during the period. Dimensional Fund Advisors LP grew its holdings in Regency Centers by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company’s stock valued at $164,327,000 after purchasing an additional 117,368 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Regency Centers by 126.5% in the second quarter. Federated Hermes Inc. now owns 1,008 shares of the company’s stock valued at $63,000 after purchasing an additional 563 shares during the period. Finally, Royal London Asset Management Ltd. lifted its stake in shares of Regency Centers by 2.2% in the second quarter. Royal London Asset Management Ltd. now owns 96,474 shares of the company’s stock worth $6,001,000 after buying an additional 2,107 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Price Performance

NASDAQ:REG opened at $72.53 on Wednesday. The company has a market capitalization of $13.40 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 4.66 and a beta of 1.21. 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 company has a 50-day moving average of $70.34 and a 200-day moving average 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. As a group, equities 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%.

Wall Street Analyst Weigh In

Several research analysts recently commented on REG shares. JPMorgan Chase & Co. lifted their target price on shares of Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. 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 report on Wednesday, August 28th. Compass Point raised their price objective on shares of Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Evercore ISI cut shares of Regency Centers from an “outperform” rating to an “inline” rating and upped their target price for the company from $72.00 to $75.00 in a research note on Monday, September 16th. Finally, Truist Financial raised their price target on shares of Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research report 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $76.10.

Insider Transactions at Regency Centers

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the business’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 in the company, valued at $905,105.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 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 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. 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.