Acadian Asset Management LLC Takes Position in Regency Centers Co. (NASDAQ:REG)

Acadian Asset Management LLC purchased a new stake in Regency Centers Co. (NASDAQ:REG) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,483 shares of the company’s stock, valued at approximately $92,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PGGM Investments boosted its holdings in shares of Regency Centers by 2,586.9% in the 2nd quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock valued at $103,912,000 after purchasing an additional 1,608,431 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Regency Centers by 16.5% in the first quarter. Principal Financial Group Inc. now owns 8,565,897 shares of the company’s stock valued at $518,751,000 after buying an additional 1,210,906 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Regency Centers by 10.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock valued at $547,995,000 after buying an additional 873,062 shares in the last quarter. Vanguard Group Inc. grew its position in Regency Centers by 3.0% in the first quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock valued at $1,749,520,000 after acquiring an additional 830,572 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Regency Centers by 67.0% during the first quarter. Russell Investments Group Ltd. now owns 987,147 shares of the company’s stock worth $59,768,000 after acquiring an additional 395,901 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

REG has been the topic of several research reports. Truist Financial lifted their price target on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 16th. Scotiabank boosted their target price on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Raymond James increased their price target on Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Evercore ISI lowered Regency Centers from an “outperform” rating to an “inline” rating and boosted their price objective for the stock from $72.00 to $75.00 in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. upped their target price on Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $76.10.

Insider Transactions at Regency Centers

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the 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 transaction, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction 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 sale, the vice president now directly owns 13,010 shares of the company’s stock, valued at $905,105.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $21,503,930. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Price Performance

Shares of REG opened at $71.59 on Friday. The business has a 50-day moving average of $70.18 and a 200-day moving average of $63.71. 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 company has a market capitalization of $12.99 billion, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 4.66 and a beta of 1.21. Regency Centers Co. has a 1 year low of $56.29 and a 1 year high of $75.26.

Regency Centers (NASDAQ:REG) last issued its quarterly 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). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The firm had revenue of $357.25 million during the quarter, compared to analyst estimates of $361.56 million. During the same quarter last year, the firm posted $1.03 EPS. As a group, equities research analysts anticipate that Regency Centers Co. will post 4.23 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.67 per share. The ex-dividend date is Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a yield of 3.74%. Regency Centers’s payout ratio is currently 130.73%.

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.