GSI Capital Advisors LLC Purchases New Stake in Regency Centers Co. (NASDAQ:REG)

GSI Capital Advisors LLC bought a new stake in Regency Centers Co. (NASDAQ:REG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 52,010 shares of the company’s stock, valued at approximately $3,182,000. Regency Centers accounts for approximately 2.0% of GSI Capital Advisors LLC’s portfolio, making the stock its 22nd biggest holding.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Regency Centers during the fourth quarter worth about $1,011,208,000. Envestnet Asset Management Inc. grew its holdings in Regency Centers by 1,112.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,216,941 shares of the company’s stock valued at $16,939,000 after buying an additional 2,951,637 shares during the last quarter. Resolution Capital Ltd acquired a new stake in shares of Regency Centers during the fourth quarter valued at $79,393,000. State Street Corp lifted its holdings in Regency Centers by 8.1% in the 1st quarter. State Street Corp now owns 11,923,732 shares of the company’s stock valued at $857,927,000 after purchasing an additional 890,452 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Regency Centers by 114.0% in the fourth quarter. Schroder Investment Management Group now owns 1,662,659 shares of the company’s stock valued at $103,916,000 after buying an additional 885,592 shares during the last quarter. 90.59% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Stock Performance

Shares of NASDAQ:REG traded up $0.19 on Friday, reaching $62.39. 855,838 shares of the company’s stock were exchanged, compared to its average volume of 946,769. Regency Centers Co. has a fifty-two week low of $51.97 and a fifty-two week high of $68.56. The business’s 50-day moving average is $63.24 and its two-hundred day moving average is $60.62. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 3.61 and a beta of 1.18.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Friday, August 4th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.51). Regency Centers had a return on equity of 5.75% and a net margin of 29.33%. The company had revenue of $314.25 million during the quarter, compared to the consensus estimate of $313.32 million. During the same period last year, the business posted $1.00 EPS. As a group, equities research analysts forecast that Regency Centers Co. will post 4.14 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Thursday, September 14th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Wednesday, September 13th. Regency Centers’s dividend payout ratio (DPR) is 121.50%.

Insider Buying and Selling at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 125,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $66.51, for a total value of $8,313,750.00. Following the completion of the transaction, the chairman now directly owns 343,399 shares of the company’s stock, valued at approximately $22,839,467.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Regency Centers news, EVP Nicholas Andrew Wibbenmeyer sold 900 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $66.39, for a total transaction of $59,751.00. Following the completion of the transaction, the executive vice president now directly owns 18,749 shares of the company’s stock, valued at approximately $1,244,746.11. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 125,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $66.51, for a total value of $8,313,750.00. Following the completion of the sale, the chairman now directly owns 343,399 shares in the company, valued at approximately $22,839,467.49. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on REG. Truist Financial reduced their price target on Regency Centers from $73.00 to $71.00 in a research note on Monday, May 15th. Barclays upped their price target on Regency Centers from $70.00 to $71.00 in a research note on Friday, May 19th. Bank of America reduced their price target on shares of Regency Centers from $79.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, August 22nd. Finally, StockNews.com started coverage on Regency Centers in a research report on Wednesday, August 23rd. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.75.

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.