Sanctuary Advisors LLC Invests $453,000 in Regency Centers Co. (NASDAQ:REG)

Sanctuary Advisors LLC purchased a new position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,775 shares of the company's stock, valued at approximately $453,000.

A number of other large investors also recently bought and sold shares of REG. Fidelis Capital Partners LLC bought a new stake in shares of Regency Centers during the first quarter worth $27,000. Quest Partners LLC boosted its position in Regency Centers by 25,250.0% in the 2nd quarter. Quest Partners LLC now owns 507 shares of the company's stock valued at $32,000 after buying an additional 505 shares during the period. Family Firm Inc. bought a new position in Regency Centers in the 2nd quarter worth about $44,000. Blue Trust Inc. increased its position in shares of Regency Centers by 582.1% during the second quarter. Blue Trust Inc. now owns 839 shares of the company's stock worth $51,000 after acquiring an additional 716 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in shares of Regency Centers during the first quarter valued at approximately $52,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. 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 note on Tuesday, September 10th. Truist Financial raised their price target on Regency Centers from $70.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, August 16th. Mizuho increased their target price on shares of Regency Centers from $67.00 to $73.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. JPMorgan Chase & Co. raised their target price on shares of Regency Centers from $71.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, August 8th. Finally, Scotiabank upped their price target on shares of Regency Centers from $65.00 to $75.00 and gave the stock a "sector perform" rating in a research report on Monday, August 26th. Two 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $76.20.

Insider Activity

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the firm's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the transaction, the vice president now owns 13,010 shares of the company's stock, valued at approximately $905,105.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Michael R. Herman sold 1,000 shares of the company's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the sale, the vice president now owns 13,010 shares in the company, valued at $905,105.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the chairman now owns 307,199 shares in the company, valued at approximately $21,503,930. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Regency Centers Stock Down 0.3 %

Shares of NASDAQ REG traded down $0.25 during trading hours on Thursday, hitting $72.00. 885,527 shares of the stock were exchanged, compared to its average volume of 1,097,795. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $75.26. The firm has a fifty day moving average price of $71.80 and a 200-day moving average price of $65.16. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The company has a market cap of $13.30 billion, a PE ratio of 35.12, a PEG ratio of 4.43 and a beta of 1.21.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.48). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The business had revenue of $357.25 million for the quarter, compared to analyst estimates of $361.56 million. During the same period in the previous year, the company posted $1.03 earnings per share. On average, sell-side analysts expect that Regency Centers Co. will post 4.24 EPS for the current year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.72%. Regency Centers's payout ratio is 130.73%.

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.