Friedenthal Financial Purchases Shares of 11,170 Regency Centers Co. (NASDAQ:REG)

Friedenthal Financial bought a new position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 11,170 shares of the company's stock, valued at approximately $807,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC purchased a new stake in Regency Centers in the first quarter valued at approximately $27,000. Quest Partners LLC raised its holdings in shares of Regency Centers by 25,250.0% in the second quarter. Quest Partners LLC now owns 507 shares of the company's stock worth $32,000 after acquiring an additional 505 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Regency Centers in the second quarter valued at approximately $44,000. Blue Trust Inc. boosted its holdings 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 purchasing an additional 716 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Regency Centers during the 1st quarter valued at about $52,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Michael R. Herman sold 1,000 shares of the business'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 completion of the sale, the vice president now directly owns 13,010 shares of the company's stock, valued at $905,105.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business's stock in a transaction dated 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 in the company, valued at $21,503,930. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction that occurred 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 sale, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

REG has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target 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. Scotiabank lifted their price target on shares of Regency Centers from $65.00 to $75.00 and gave the company a "sector perform" rating in a report on Monday, August 26th. Mizuho raised their price target on shares of Regency Centers from $67.00 to $73.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft lowered Regency Centers from a "buy" rating to a "hold" rating and boosted their price target for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. Finally, Evercore ISI lowered shares of Regency Centers from an "outperform" rating to an "inline" rating and upped their price target for the stock from $72.00 to $75.00 in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $76.20.

Regency Centers Stock Up 0.8 %

NASDAQ:REG traded up $0.57 during mid-day trading on Friday, reaching $72.57. The stock had a trading volume of 759,743 shares, compared to its average volume of 1,096,121. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $13.41 billion, a P/E ratio of 35.40, a PEG ratio of 4.40 and a beta of 1.21. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $75.26. The business's 50 day moving average is $71.85 and its 200 day moving average is $65.29.

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

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Thursday, September 12th. Regency Centers's dividend payout ratio is presently 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.