Ethic Inc. Raises Stock Position in Regency Centers Co. (NASDAQ:REG)

Ethic Inc. grew its holdings in Regency Centers Co. (NASDAQ:REG) by 9.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,459 shares of the company’s stock after buying an additional 1,261 shares during the period. Ethic Inc.’s holdings in Regency Centers were worth $926,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of REG. Loomis Sayles & Co. L P purchased a new position in shares of Regency Centers during the 1st quarter worth about $32,000. Parallel Advisors LLC raised its holdings in shares of Regency Centers by 68.0% in the 2nd quarter. Parallel Advisors LLC now owns 610 shares of the company’s stock valued at $39,000 after purchasing an additional 247 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Regency Centers by 36.5% in the 1st quarter. Quadrant Capital Group LLC now owns 1,220 shares of the company’s stock valued at $69,000 after purchasing an additional 326 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of Regency Centers by 22.7% during the 2nd quarter. Arkadios Wealth Advisors now owns 1,439 shares of the company’s stock worth $92,000 after acquiring an additional 266 shares in the last quarter. Finally, Banco de Sabadell S.A bought a new position in shares of Regency Centers during the 1st quarter worth approximately $84,000. 91.35% of the stock is owned by institutional investors and hedge funds.

Shares of REG stock opened at $67.51 on Wednesday. The company has a market capitalization of $11.47 billion, a price-to-earnings ratio of 50.76, a PEG ratio of 1.84 and a beta of 1.15. The stock’s 50 day simple moving average is $65.96 and its 200 day simple moving average is $63.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.33 and a current ratio of 1.33. Regency Centers Co. has a twelve month low of $33.29 and a twelve month high of $69.52.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Thursday, August 5th. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.25). Regency Centers had a net margin of 21.38% and a return on equity of 4.01%. On average, analysts forecast that Regency Centers Co. will post 3.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 5th. Stockholders of record on Wednesday, September 15th will be given a dividend of $0.595 per share. The ex-dividend date is Tuesday, September 14th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 3.53%. Regency Centers’s payout ratio is currently 80.68%.

REG has been the topic of several recent research reports. Scotiabank upped their price objective on shares of Regency Centers from $63.00 to $70.00 and gave the company a “sector perform” rating in a report on Monday, June 28th. Barclays assumed coverage on shares of Regency Centers in a research report on Wednesday, September 1st. They set an “equal weight” rating and a $70.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Regency Centers from $60.00 to $68.00 and gave the stock a “hold” rating in a research note on Tuesday, June 8th. Truist Securities raised their price objective on shares of Regency Centers from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, August 30th. Finally, BTIG Research lifted their price target on shares of Regency Centers from $69.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $66.67.

In related news, CAO J Christian Leavitt sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 7th. The stock was sold at an average price of $68.88, for a total value of $68,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Profile

Regency Centers Corp. operates as a real estate investment trust, which engages in the ownership, operation, and development of retail shopping centers. Its portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to its neighborhoods, communities, and customers.

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Institutional Ownership by Quarter for Regency Centers (NASDAQ:REG)

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