MBB Public Markets I LLC Makes New Investment in Regency Centers Co. (NASDAQ:REG)

MBB Public Markets I LLC purchased a new stake in Regency Centers Co. (NASDAQ:REG) in the second quarter, Holdings Channel reports. The institutional investor purchased 11,795 shares of the company’s stock, valued at approximately $734,000.

Other hedge funds also recently modified their holdings of the company. APG Asset Management N.V. increased its holdings in Regency Centers by 329.3% in the 2nd quarter. APG Asset Management N.V. now owns 20,598 shares of the company’s stock worth $1,195,000 after purchasing an additional 15,800 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Regency Centers by 6.0% in the second quarter. AQR Capital Management LLC now owns 23,631 shares of the company’s stock valued at $1,462,000 after buying an additional 1,331 shares during the period. AXA S.A. raised its holdings in Regency Centers by 5.2% in the 2nd quarter. AXA S.A. now owns 214,378 shares of the company’s stock valued at $13,334,000 after buying an additional 10,516 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Regency Centers by 60.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,618 shares of the company’s stock valued at $2,091,000 after buying an additional 12,682 shares during the last quarter. Finally, Masterton Capital Management LP grew its holdings in Regency Centers by 177.2% during the 2nd quarter. Masterton Capital Management LP now owns 185,157 shares of the company’s stock worth $11,517,000 after acquiring an additional 118,357 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction 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 transaction, the chairman now directly owns 307,199 shares in the company, valued at approximately $21,503,930. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the transaction, the vice president now 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 the SEC website. 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 completion of the sale, the chairman now directly owns 307,199 shares of the company’s stock, valued at $21,503,930. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on REG shares. Scotiabank raised their price target on shares of Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft lowered Regency Centers from a “buy” rating to a “hold” rating and raised their target price for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. Mizuho lifted their target price on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Truist Financial raised their price objective on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. upped their target price on Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $76.20.

Regency Centers Price Performance

Shares of REG opened at $72.17 on Wednesday. The firm has a market cap of $13.10 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 4.45 and a beta of 1.21. Regency Centers Co. has a 52-week low of $56.29 and a 52-week high of $75.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The business’s 50 day moving average price is $71.04 and its two-hundred day moving average price is $64.30.

Regency Centers (NASDAQ:REG) last released 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 for 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 quarter in the previous year, the firm earned $1.03 EPS. On average, equities analysts anticipate that Regency Centers Co. will post 4.24 EPS for the current 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 is Thursday, September 12th. This represents a $2.68 annualized dividend and a dividend yield of 3.71%. Regency Centers’s dividend payout ratio is presently 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.