Azzad Asset Management Inc. ADV Buys 189 Shares of Regency Centers Co. (NASDAQ:REG)

Azzad Asset Management Inc. ADV increased its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,543 shares of the company’s stock after buying an additional 189 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Regency Centers were worth $328,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Regency Centers by 3.0% during the first quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock worth $1,749,520,000 after acquiring an additional 830,572 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Regency Centers by 10.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock valued at $547,995,000 after purchasing an additional 873,062 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Regency Centers by 4.2% in the second quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock valued at $555,009,000 after purchasing an additional 357,091 shares in the last quarter. Boston Partners boosted its position in shares of Regency Centers by 4.1% during the first quarter. Boston Partners now owns 4,192,951 shares of the company’s stock worth $253,902,000 after buying an additional 166,354 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Regency Centers by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company’s stock worth $164,327,000 after buying an additional 117,368 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and raised their price target for the stock from $70.00 to $75.00 in a research note on Thursday, September 26th. Wells Fargo & Company lifted their price target on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. increased their price objective on shares of Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Scotiabank lifted their target price on Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Finally, Truist Financial increased their price target on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and a consensus target price of $76.20.

Insider Buying and Selling at Regency Centers

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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm’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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $69,570.00. Following the completion of the sale, the vice president now owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Price Performance

REG stock opened at $70.16 on Wednesday. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $75.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 34.22, a P/E/G ratio of 4.42 and a beta of 1.21. The company has a 50 day simple moving average of $71.49 and a 200 day simple moving average of $64.60.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data 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 firm had revenue of $357.25 million during the quarter, compared to analyst estimates of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same period in the prior year, the company earned $1.03 EPS. Research analysts anticipate that Regency Centers Co. will post 4.24 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.82%. The ex-dividend date was Thursday, September 12th. Regency Centers’s payout ratio is presently 130.73%.

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.