Regency Centers Co. (NASDAQ:REG) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its stake in Regency Centers Co. (NASDAQ:REG) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,652 shares of the company’s stock after selling 172 shares during the quarter. Mackenzie Financial Corp’s holdings in Regency Centers were worth $600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fidelis Capital Partners LLC purchased a new stake in shares of Regency Centers during the 1st quarter valued at approximately $27,000. Quest Partners LLC raised 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 valued at $32,000 after purchasing an additional 505 shares during the period. Family Firm Inc. acquired a new position in shares of Regency Centers in the 2nd quarter valued at $44,000. Blue Trust Inc. lifted its stake in shares of Regency Centers by 582.1% in 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 purchased a new position in shares of Regency Centers during the 1st quarter worth $52,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on REG. Wells Fargo & Company boosted their price objective on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Compass Point upped their price objective on shares of Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Raymond James increased their price objective on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Scotiabank boosted their target price on Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Finally, Mizuho raised their price target on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and an average target price of $76.20.

Regency Centers Trading Down 0.2 %

NASDAQ:REG opened at $70.85 on Friday. The stock has a fifty day moving average price of $71.41 and a 200 day moving average price of $64.47. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $75.26. The firm has a market cap of $12.86 billion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 4.42 and a beta of 1.21.

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). The company had revenue of $357.25 million for the quarter, compared to analyst estimates of $361.56 million. Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. During the same period in the prior year, the firm posted $1.03 earnings per share. Sell-side analysts anticipate 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. Investors of record on Thursday, September 12th were paid a dividend of $0.67 per share. The ex-dividend date was Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.78%. Regency Centers’s payout ratio is currently 130.73%.

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm’s 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 sale, the chairman now owns 307,199 shares of the company’s stock, valued at approximately $21,503,930. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the company’s 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 completion of the transaction, the vice president now owns 13,010 shares in the company, valued at $905,105.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm’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 transaction, the chairman now directly owns 307,199 shares in the company, 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. 1.00% of the stock is currently owned by corporate insiders.

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.