Regency Centers Co. (NASDAQ:REG) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in shares of Regency Centers Co. (NASDAQ:REG) by 105.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,515 shares of the company’s stock after acquiring an additional 17,755 shares during the quarter. Quantinno Capital Management LP’s holdings in Regency Centers were worth $2,552,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in REG. Smartleaf Asset Management LLC boosted its holdings in Regency Centers by 3.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company’s stock worth $356,000 after purchasing an additional 164 shares during the period. Greenleaf Trust raised its holdings in shares of Regency Centers by 3.8% during the fourth quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock worth $350,000 after purchasing an additional 172 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Regency Centers by 27.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock worth $74,000 after buying an additional 219 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Regency Centers by 7.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,395 shares of the company’s stock valued at $251,000 after buying an additional 244 shares during the period. Finally, Signaturefd LLC grew its position in shares of Regency Centers by 17.5% during the 4th quarter. Signaturefd LLC now owns 1,757 shares of the company’s stock valued at $130,000 after buying an additional 262 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on REG. Wells Fargo & Company cut their target price on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Truist Financial increased their price target on Regency Centers from $78.00 to $79.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Scotiabank reduced their price objective on Regency Centers from $76.00 to $75.00 and set a “sector perform” rating for the company in a research report on Monday, May 12th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.08.

Regency Centers Trading Down 1.2%

NASDAQ:REG opened at $73.13 on Wednesday. The stock has a market cap of $13.28 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 3.75 and a beta of 1.02. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. Regency Centers Co. has a 1 year low of $58.19 and a 1 year high of $78.18. The business has a fifty day moving average of $71.55 and a 200-day moving average of $72.81.

Regency Centers (NASDAQ:REG) last announced its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. The firm had revenue of $370.35 million during the quarter, compared to analyst estimates of $364.64 million. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. During the same quarter in the prior year, the firm posted $1.08 EPS. Equities analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Wednesday, June 11th. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Insider Activity

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the transaction, the chairman now owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. This represents a 31.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

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.