SG Americas Securities LLC Raises Stock Holdings in Regency Centers Co. (NASDAQ:REG)

SG Americas Securities LLC grew its stake in Regency Centers Co. (NASDAQ:REG) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,411 shares of the company’s stock after buying an additional 7,375 shares during the quarter. SG Americas Securities LLC’s holdings in Regency Centers were worth $10,647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of REG. Czech National Bank grew its position in shares of Regency Centers by 6.2% during the third quarter. Czech National Bank now owns 33,275 shares of the company’s stock worth $2,403,000 after purchasing an additional 1,937 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Regency Centers by 76.8% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 157,500 shares of the company’s stock worth $9,796,000 after purchasing an additional 68,400 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Regency Centers during the second quarter worth about $453,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Regency Centers during the second quarter worth about $412,000. Finally, Creative Planning grew its holdings in Regency Centers by 5.0% during the 2nd quarter. Creative Planning now owns 12,460 shares of the company’s stock valued at $775,000 after buying an additional 597 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Down 0.2 %

Shares of REG stock traded down $0.16 during mid-day trading on Friday, hitting $70.85. The stock had a trading volume of 523,654 shares, compared to its average volume of 1,115,383. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $75.26. The firm has a market capitalization of $13.09 billion, a P/E ratio of 34.56, a price-to-earnings-growth ratio of 4.45 and a beta of 1.21. The firm’s 50-day moving average is $71.30 and its two-hundred day moving average is $64.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.48). The company had revenue of $357.25 million during the quarter, compared to the consensus estimate 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 firm posted $1.03 earnings per share. On average, analysts predict that Regency Centers Co. will post 4.24 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.78%. The ex-dividend date was Thursday, September 12th. Regency Centers’s dividend payout ratio is currently 130.73%.

Analysts Set New Price Targets

REG has been the subject of several research analyst reports. Wells Fargo & Company raised their price target on Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Mizuho raised their price objective on Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Compass Point raised their price objective on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Truist Financial raised their price target on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Raymond James boosted their price objective on Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.20.

Insider Activity at Regency Centers

In related news, VP Michael R. Herman sold 1,000 shares of the company’s 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 transaction, the vice president now directly owns 13,010 shares of the company’s stock, valued at $905,105.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, 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 value of $1,750,000.00. Following the transaction, the chairman now directly owns 307,199 shares of the company’s stock, valued at approximately $21,503,930. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Herman sold 1,000 shares of the 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 completion of the transaction, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate 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.