USA Financial Formulas Makes New $800,000 Investment in Regency Centers Co. (NASDAQ:REG)

USA Financial Formulas bought a new position in Regency Centers Co. (NASDAQ:REG) in the first quarter, Holdings Channel reports. The firm bought 10,843 shares of the company’s stock, valued at approximately $800,000.

A number of other large investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Regency Centers in the fourth quarter worth $1,262,425,000. JPMorgan Chase & Co. boosted its stake in Regency Centers by 0.5% during the fourth quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company’s stock valued at $823,711,000 after buying an additional 51,424 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Regency Centers by 1.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company’s stock valued at $771,859,000 after buying an additional 171,047 shares during the period. Principal Financial Group Inc. boosted its stake in Regency Centers by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock valued at $678,873,000 after buying an additional 366,427 shares during the period. Finally, Invesco Ltd. boosted its stake in Regency Centers by 121.2% during the fourth quarter. Invesco Ltd. now owns 5,374,450 shares of the company’s stock valued at $397,333,000 after buying an additional 2,944,854 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total transaction of $301,205.52. Following the transaction, the insider now owns 33,069 shares in the company, valued at $2,395,518.36. The trade was a 11.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Scotiabank dropped their price objective on Regency Centers from $76.00 to $75.00 and set a “sector perform” rating for the company in a research note on Monday, May 12th. Wells Fargo & Company dropped their price objective on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Finally, Truist Financial lifted their price objective on Regency Centers from $78.00 to $79.00 and gave the company a “buy” rating in a research note on Monday, May 19th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Stock Up 0.7%

REG opened at $72.67 on Wednesday. The company has a market cap of $13.19 billion, a P/E ratio of 34.28, a P/E/G ratio of 3.75 and a beta of 1.01. The business’s 50-day moving average price is $71.34 and its 200-day moving average price is $72.59. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a 12 month low of $60.15 and a 12 month high of $78.18.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. The firm had revenue of $370.35 million for the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. During the same quarter in the previous year, the business earned $1.08 earnings per share. On average, equities analysts expect that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a $0.705 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 annualized dividend and a dividend yield of 3.88%. Regency Centers’s dividend payout ratio is currently 133.02%.

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.