SYSTM Wealth Solutions LLC Sells 1,244 Shares of Regency Centers Co. (NASDAQ:REG)

SYSTM Wealth Solutions LLC trimmed its position in Regency Centers Co. (NASDAQ:REG) by 54.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,059 shares of the company’s stock after selling 1,244 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Regency Centers were worth $66,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new position in shares of Regency Centers in the first quarter valued at approximately $27,000. Quest Partners LLC boosted its position in 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 purchasing an additional 505 shares during the last quarter. Family Firm Inc. bought a new position in Regency Centers in the 2nd quarter valued at $44,000. Blue Trust Inc. increased its position in shares of Regency Centers by 582.1% during the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after purchasing an additional 716 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Regency Centers during the 1st quarter worth $52,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers 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 approximately $21,503,930. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Michael R. Herman sold 1,000 shares of the 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 transaction, the vice president now owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the sale, the chairman now directly owns 307,199 shares of the company’s stock, valued at $21,503,930. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Regency Centers Stock Down 1.7 %

REG stock opened at $72.13 on Friday. Regency Centers Co. has a twelve month low of $56.29 and a twelve month high of $75.26. The firm has a market capitalization of $13.33 billion, a PE ratio of 35.19, a PEG ratio of 4.63 and a beta of 1.21. 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 stock has a 50-day simple moving average of $69.86 and a two-hundred day simple moving average of $63.59.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.48). Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. The firm had revenue of $357.25 million for the quarter, compared to analysts’ expectations of $361.56 million. During the same period in the prior year, the firm posted $1.03 EPS. On average, equities analysts predict that Regency Centers Co. will post 4.23 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be given a $0.67 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.72%. Regency Centers’s dividend payout ratio (DPR) is presently 130.73%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on REG shares. Mizuho increased their price target on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Evercore ISI downgraded shares of Regency Centers from an “outperform” rating to an “inline” rating and increased their target price for the company from $72.00 to $75.00 in a research report on Monday. Scotiabank lifted their price target on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. JPMorgan Chase & Co. increased their price objective on Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Raymond James boosted their target price on Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and an average price target of $75.55.

About Regency Centers

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.