Friedenthal Financial Acquires Shares of 13,221 Regency Centers Corporation (NASDAQ:REG)

Friedenthal Financial acquired a new stake in shares of Regency Centers Corporation (NASDAQ:REG) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,221 shares of the company’s stock, valued at approximately $975,000.

Several other institutional investors and hedge funds have also bought and sold shares of REG. Norges Bank purchased a new position in shares of Regency Centers during the 4th quarter valued at approximately $1,262,425,000. JPMorgan Chase & Co. increased its holdings in shares of Regency Centers by 0.5% during the 4th quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company’s stock valued at $823,711,000 after purchasing an additional 51,424 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Regency Centers by 1.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company’s stock valued at $771,859,000 after purchasing an additional 171,047 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Regency Centers by 121.2% during the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company’s stock valued at $397,333,000 after purchasing an additional 2,944,854 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Regency Centers by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,568,525 shares of the company’s stock valued at $336,955,000 after purchasing an additional 86,644 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Trading Up 0.8%

Shares of REG opened at $70.72 on Thursday. Regency Centers Corporation has a 52-week low of $60.64 and a 52-week high of $78.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average is $71.68 and its two-hundred day moving average is $72.42. The stock has a market cap of $12.84 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 3.42 and a beta of 1.01.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data 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. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. The firm had revenue of $370.35 million during the quarter, compared to analyst estimates of $364.64 million. During the same quarter in the prior year, the firm posted $1.08 earnings per share. Research analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.82 annualized dividend and a dividend yield of 3.99%. Regency Centers’s dividend payout ratio is presently 133.02%.

Insider Transactions at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the sale, the insider now directly owns 33,069 shares in the company, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on REG. Scotiabank cut their target price on shares of Regency Centers from $76.00 to $75.00 and set a “sector perform” rating for the company in a report on Monday, May 12th. Wells Fargo & Company cut their target price on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Truist Financial boosted their price target on shares of Regency Centers from $78.00 to $79.00 and gave the stock a “buy” rating in a report on Monday, May 19th. Finally, Wall Street Zen lowered shares of Regency Centers from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

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.