Regency Centers Co. (NASDAQ:REG) Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC lowered its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,237 shares of the company’s stock after selling 648 shares during the period. Naviter Wealth LLC’s holdings in Regency Centers were worth $819,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Regency Centers by 18.7% in 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 raised its stake in shares of Regency Centers by 493.7% in the 1st quarter. FORA Capital LLC now owns 25,061 shares of the company’s stock worth $1,518,000 after buying an additional 20,840 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Regency Centers by 10.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock worth $547,995,000 after acquiring an additional 873,062 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Regency Centers by 14.1% in the 1st 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 during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in Regency Centers by 5.3% in the 1st 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 during the last quarter. Institutional investors own 96.07% of the company’s stock.

Insiders Place Their Bets

In other news, VP Michael R. Herman sold 1,000 shares of Regency Centers 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 directly owns 13,010 shares in the company, valued at $905,105.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other 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 transaction of $69,570.00. Following the transaction, the vice president now owns 13,010 shares in the company, valued at approximately $905,105.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers stock in a transaction on Friday, August 2nd. The shares were 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 directly owns 307,199 shares of the company’s stock, valued at approximately $21,503,930. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Regency Centers Trading Down 0.3 %

Shares of NASDAQ REG opened at $72.00 on Friday. The firm has a market capitalization of $13.07 billion, a PE ratio of 34.45, a PEG ratio of 4.40 and a beta of 1.21. Regency Centers Co. has a one year low of $56.51 and a one year high of $75.26. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average price of $71.80 and a two-hundred day moving average price of $65.16.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS 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 for the quarter, compared to analysts’ expectations of $361.56 million. During the same period in the previous year, the firm posted $1.03 earnings per share. As a group, analysts predict that Regency Centers Co. will post 4.24 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company 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. The ex-dividend date was Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a yield of 3.72%. Regency Centers’s dividend payout ratio (DPR) is currently 128.23%.

Analysts Set New Price Targets

A number of research firms recently commented on REG. JPMorgan Chase & Co. boosted their target price on shares of Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Scotiabank raised their price objective 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. Wells Fargo & Company lifted their target price on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Compass Point upped their target price on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Regency Centers presently has a consensus rating of “Moderate Buy” and an average target price of $76.20.

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.