Regency Centers Co. (NASDAQ:REG) Shares Sold by Beck Capital Management LLC

Beck Capital Management LLC decreased its holdings in Regency Centers Co. (NASDAQ:REG) by 0.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 31,013 shares of the company’s stock after selling 213 shares during the period. Beck Capital Management LLC’s holdings in Regency Centers were worth $1,929,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. 1832 Asset Management L.P. boosted its position in shares of Regency Centers by 6.6% in the second quarter. 1832 Asset Management L.P. now owns 257,405 shares of the company’s stock worth $16,011,000 after buying an additional 15,963 shares during the period. ProShare Advisors LLC boosted its holdings in Regency Centers by 5.9% in the 2nd quarter. ProShare Advisors LLC now owns 29,038 shares of the company’s stock worth $1,806,000 after acquiring an additional 1,616 shares during the period. Ensign Peak Advisors Inc grew its position in Regency Centers by 3.1% in the second quarter. Ensign Peak Advisors Inc now owns 74,789 shares of the company’s stock valued at $4,652,000 after acquiring an additional 2,230 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Regency Centers by 170.1% during the second quarter. Thrivent Financial for Lutherans now owns 80,107 shares of the company’s stock valued at $4,983,000 after purchasing an additional 50,444 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Regency Centers by 7.7% during the second quarter. Sei Investments Co. now owns 652,361 shares of the company’s stock worth $40,577,000 after purchasing an additional 46,884 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Stock Performance

REG stock opened at $71.59 on Monday. The stock’s 50 day simple moving average is $70.18 and its 200 day simple moving average is $63.72. Regency Centers Co. has a 12-month low of $56.29 and a 12-month high of $75.26. The firm has a market cap of $12.99 billion, a P/E ratio of 34.92, a P/E/G ratio of 4.66 and a beta of 1.21. 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 (NASDAQ:REG) last issued its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the company posted $1.03 earnings per share. As a group, equities research analysts predict that Regency Centers Co. will post 4.23 EPS for the current year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be given 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 payout ratio is 130.73%.

Insider Buying and Selling

In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company’s 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 completion of the transaction, the chairman now directly owns 307,199 shares in the company, valued at approximately $21,503,930. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the sale, the vice president now owns 13,010 shares of the company’s stock, valued at $905,105.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the 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 transaction, 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. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

REG has been the subject of a number of recent analyst reports. Scotiabank raised their price target on shares of Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a report 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 research report on Wednesday, August 28th. Mizuho increased 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. Evercore ISI downgraded Regency Centers from an “outperform” rating to an “inline” rating and lifted their price objective for the stock from $72.00 to $75.00 in a report on Monday, September 16th. Finally, Truist Financial upped their target price on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and an average target price of $76.10.

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.