MBB Public Markets I LLC Makes New $734,000 Investment in Regency Centers Co. (NASDAQ:REG)

MBB Public Markets I LLC purchased a new stake in Regency Centers Co. (NASDAQ:REG - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,795 shares of the company's stock, valued at approximately $734,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Regency Centers by 18.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 312,155 shares of the company's stock valued at $18,904,000 after acquiring an additional 49,188 shares in the last quarter. FORA Capital LLC grew its stake in shares of Regency Centers by 493.7% during the first quarter. FORA Capital LLC now owns 25,061 shares of the company's stock valued at $1,518,000 after acquiring an additional 20,840 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Regency Centers by 10.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company's stock valued at $547,995,000 after acquiring an additional 873,062 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Regency Centers by 14.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 116,726 shares of the company's stock valued at $6,998,000 after acquiring an additional 14,410 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Regency Centers by 5.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 309,182 shares of the company's stock valued at $18,725,000 after acquiring an additional 15,621 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chairman now owns 307,199 shares of the company's stock, valued at approximately $21,503,930. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Michael R. Herman sold 1,000 shares of the company's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the sale, the vice president now owns 13,010 shares in the company, valued at approximately $905,105.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company's stock in a transaction that occurred on 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 approximately $21,503,930. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

REG has been the subject of several recent analyst reports. Raymond James raised their target price on Regency Centers from $67.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, August 16th. Truist Financial lifted their price target on Regency Centers from $70.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Evercore ISI downgraded Regency Centers from an "outperform" rating to an "inline" rating and lifted their price target for the stock from $72.00 to $75.00 in a research note on Monday, September 16th. Wells Fargo & Company lifted their price target on Regency Centers from $69.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. Finally, Scotiabank lifted their price target on Regency Centers from $65.00 to $75.00 and gave the stock a "sector perform" rating in a research note on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Regency Centers has a consensus rating of "Moderate Buy" and an average target price of $76.20.

Regency Centers Trading Down 1.6 %

REG stock traded down $1.12 during mid-day trading on Wednesday, reaching $71.05. 780,249 shares of the stock traded hands, compared to its average volume of 1,121,552. Regency Centers Co. has a 52-week low of $56.29 and a 52-week high of $75.26. The stock's fifty day moving average is $71.04 and its 200-day moving average is $64.30. The company has a market cap of $12.90 billion, a P/E ratio of 34.53, a P/E/G ratio of 4.45 and a beta of 1.21. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG - Get Free Report) last issued 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). The business had revenue of $357.25 million during the quarter, compared to analyst estimates of $361.56 million. Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. During the same period last year, the business earned $1.03 EPS. As a group, sell-side analysts expect that Regency Centers Co. will post 4.24 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers's dividend payout ratio (DPR) 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.