Masterton Capital Management LP Buys 118,357 Shares of Regency Centers Co. (NASDAQ:REG)

Masterton Capital Management LP increased its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 177.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 185,157 shares of the company's stock after purchasing an additional 118,357 shares during the period. Regency Centers accounts for 8.2% of Masterton Capital Management LP's investment portfolio, making the stock its 5th largest holding. Masterton Capital Management LP owned 0.10% of Regency Centers worth $11,517,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of REG. PNC Financial Services Group Inc. raised its stake in shares of Regency Centers by 6.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,505 shares of the company's stock worth $905,000 after purchasing an additional 869 shares during the last quarter. UBS Group AG raised its position in Regency Centers by 117.0% during the 4th quarter. UBS Group AG now owns 270,748 shares of the company's stock worth $18,140,000 after buying an additional 145,953 shares during the last quarter. Assetmark Inc. raised its position in Regency Centers by 2.9% during the 4th quarter. Assetmark Inc. now owns 16,707 shares of the company's stock worth $1,119,000 after buying an additional 470 shares during the last quarter. Commerce Bank acquired a new stake in shares of Regency Centers in the 4th quarter worth $579,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Regency Centers by 1.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 228,627 shares of the company's stock valued at $15,318,000 after acquiring an additional 3,319 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Price Performance

Shares of Regency Centers stock traded up $0.39 on Tuesday, hitting $72.53. The company's stock had a trading volume of 838,983 shares, compared to its average volume of 1,131,177. The company has a market capitalization of $13.40 billion, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 4.66 and a beta of 1.21. Regency Centers Co. has a 52-week low of $56.29 and a 52-week high of $75.26. The firm has a fifty day moving average price of $70.34 and a 200-day moving average price of $63.82. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (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 business had revenue of $357.25 million during the quarter, compared to analysts' expectations of $361.56 million. During the same period last year, the company earned $1.03 EPS. On average, equities research analysts expect that Regency Centers Co. will post 4.23 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.70%. The ex-dividend date is Thursday, September 12th. Regency Centers's payout ratio is 130.73%.

Insider Transactions at Regency Centers

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the company's 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 transaction, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Michael R. Herman sold 1,000 shares of the firm'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 sale, the vice president now owns 13,010 shares in the company, valued at $905,105.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business's stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the transaction, the chairman now owns 307,199 shares of the company's stock, valued at $21,503,930. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Regency Centers from $69.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, August 28th. Truist Financial raised their price target on Regency Centers from $70.00 to $78.00 and gave the company a "buy" rating in a report on Friday, August 16th. JPMorgan Chase & Co. upped their price objective on Regency Centers from $71.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, August 8th. Compass Point increased their price objective on Regency Centers from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, September 10th. Finally, Mizuho boosted their target price on shares of Regency Centers from $67.00 to $73.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Regency Centers has a consensus rating of "Moderate Buy" and a consensus target price of $76.10.

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.