Dimensional Fund Advisors LP Buys 117,368 Shares of Regency Centers Co. (NASDAQ:REG)

Dimensional Fund Advisors LP grew its stake in Regency Centers Co. (NASDAQ:REG) by 4.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,641,921 shares of the company’s stock after purchasing an additional 117,368 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Regency Centers were worth $164,327,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in REG. Envestnet Portfolio Solutions Inc. bought a new stake in Regency Centers in the fourth quarter worth $237,000. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Regency Centers by 305.9% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,799 shares of the company’s stock worth $590,000 after acquiring an additional 6,631 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Regency Centers by 6.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,505 shares of the company’s stock worth $905,000 after acquiring an additional 869 shares in the last quarter. UBS Group AG boosted its holdings in Regency Centers by 117.0% in the fourth quarter. UBS Group AG now owns 270,748 shares of the company’s stock worth $18,140,000 after acquiring an additional 145,953 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Regency Centers by 2.9% during the fourth quarter. Assetmark Inc. now owns 16,707 shares of the company’s stock valued at $1,119,000 after purchasing an additional 470 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Regency Centers Stock Down 0.7 %

Regency Centers stock opened at $71.59 on Friday. The stock has a market cap of $12.99 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 4.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. Regency Centers Co. has a one year low of $56.29 and a one year high of $75.26. The stock has a fifty day moving average of $70.18 and a 200 day moving average of $63.71.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). The company had revenue of $357.25 million during the quarter, compared to analysts’ expectations of $361.56 million. Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. During the same quarter in the previous year, the company earned $1.03 EPS. As a group, sell-side analysts predict that Regency Centers Co. will post 4.23 EPS for the current 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 $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Thursday, September 12th. Regency Centers’s payout ratio is 130.73%.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company’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 completion of the sale, the chairman now owns 307,199 shares in the company, valued at $21,503,930. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction dated 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 sale, the chairman now owns 307,199 shares in the company, valued at $21,503,930. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Herman sold 1,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $905,105.70. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

REG has been the topic of a number of research analyst reports. Truist Financial upped 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. Scotiabank upped their price target on Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Mizuho upped their price target on Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Raymond James upped their price target on Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, Compass Point upped their price target on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and a consensus price target of $76.10.

Regency Centers Company 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.