Hsbc Holdings PLC Reduces Position in Regency Centers Co. (NASDAQ:REG)

Hsbc Holdings PLC lowered its holdings in Regency Centers Co. (NASDAQ:REG) by 46.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 690,692 shares of the company’s stock after selling 595,459 shares during the period. Hsbc Holdings PLC owned about 0.38% of Regency Centers worth $42,924,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Fidelis Capital Partners LLC purchased a new position in shares of Regency Centers during the 1st quarter valued at approximately $27,000. Quest Partners LLC raised its holdings 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 acquiring an additional 505 shares in the last quarter. Family Firm Inc. acquired a new stake in Regency Centers in the second quarter valued at $44,000. Blue Trust Inc. boosted its stake in 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 acquiring an additional 716 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Regency Centers during the first quarter worth about $52,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Activity at Regency Centers

In related news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction dated 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 approximately $905,105.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 307,199 shares in the company, valued at $21,503,930. The transaction was disclosed in a legal filing 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 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 directly owns 13,010 shares of the company’s stock, valued at $905,105.70. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on REG shares. JPMorgan Chase & Co. upped their price objective on Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Wells Fargo & Company raised their price objective on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Mizuho boosted their target price on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Compass Point raised their price target on shares of Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, Evercore ISI downgraded shares of Regency Centers from an “outperform” rating to an “inline” rating and boosted their price objective for the company from $72.00 to $75.00 in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Regency Centers currently has an average rating of “Moderate Buy” and a consensus price target of $76.10.

Regency Centers Trading Down 0.7 %

Shares of NASDAQ:REG opened at $71.59 on Friday. Regency Centers Co. has a fifty-two week low of $56.29 and a fifty-two week high of $75.26. 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 company has a market cap of $12.99 billion, a PE ratio of 34.92, a P/E/G ratio of 4.66 and a beta of 1.21. The company’s 50-day moving average price is $70.18 and its 200 day moving average price is $63.71.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.48). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The business had revenue of $357.25 million for the quarter, compared to analyst estimates of $361.56 million. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Sell-side analysts anticipate that Regency Centers Co. will post 4.23 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers’s dividend payout ratio (DPR) is 130.73%.

Regency Centers 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.