Tectonic Advisors LLC Has $501,000 Holdings in Regency Centers Co. (NASDAQ:REG)

Tectonic Advisors LLC increased its position in shares of Regency Centers Co. (NASDAQ:REG) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,941 shares of the company’s stock after buying an additional 203 shares during the period. Tectonic Advisors LLC’s holdings in Regency Centers were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in shares of Regency Centers by 3.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock worth $295,000 after purchasing an additional 152 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in Regency Centers by 4.3% during the third quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock worth $328,000 after buying an additional 189 shares during the last quarter. Naviter Wealth LLC raised its stake in Regency Centers by 2.0% in the first quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock valued at $667,000 after buying an additional 218 shares during the period. Greenleaf Trust lifted its position in shares of Regency Centers by 5.5% in the third quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock valued at $330,000 after buying an additional 238 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of Regency Centers by 7.6% during the 2nd quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock worth $238,000 after acquiring an additional 269 shares during the period. 96.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm’s 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 sale, the chairman now directly 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 filing with the SEC, which is available through this link. In related news, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were 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 directly owns 13,010 shares in the company, valued at $905,105.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the chairman now directly owns 307,199 shares of the company’s stock, valued at approximately $21,503,930. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on REG shares. Mizuho raised their price target on Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Raymond James raised their target price on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. KeyCorp initiated coverage on shares of Regency Centers in a research note on Friday. They issued an “overweight” rating and a $80.00 price target on the stock. Truist Financial raised their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Scotiabank upped 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $76.55.

Regency Centers Stock Performance

NASDAQ:REG opened at $71.01 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $75.26. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 4.48 and a beta of 1.21. The stock has a fifty day moving average price of $72.03 and a 200-day moving average price of $65.68.

Regency Centers (NASDAQ:REG) last released its 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). Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. The firm had revenue of $357.25 million during the quarter, compared to the consensus estimate of $361.56 million. During the same period in the prior year, the business earned $1.03 earnings per share. As a group, equities analysts anticipate that Regency Centers Co. will post 4.24 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.77%. The ex-dividend date was Thursday, September 12th. Regency Centers’s payout ratio is presently 130.73%.

About Regency Centers

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.