SG Americas Securities LLC Has $10.65 Million Holdings in Regency Centers Co. (NASDAQ:REG)

SG Americas Securities LLC raised its position in shares of Regency Centers Co. (NASDAQ:REG) by 5.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 147,411 shares of the company’s stock after purchasing an additional 7,375 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of Regency Centers worth $10,647,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fidelis Capital Partners LLC acquired a new stake in shares of Regency Centers during the 1st quarter worth approximately $27,000. Quest Partners LLC grew its position in shares of Regency Centers by 25,250.0% during the 2nd quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after buying an additional 505 shares during the period. Family Firm Inc. acquired a new stake in shares of Regency Centers during the 2nd quarter worth approximately $44,000. Blue Trust Inc. grew 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 worth $51,000 after buying an additional 716 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in shares of Regency Centers during the 1st quarter worth approximately $52,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Activity

In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’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 owns 307,199 shares in the company, valued at $21,503,930. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’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 owns 307,199 shares in the company, valued at approximately $21,503,930. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Michael R. Herman sold 1,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $905,105.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

REG traded down $0.16 during trading hours on Friday, hitting $70.85. The stock had a trading volume of 523,654 shares, compared to its average volume of 1,115,383. 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 market cap of $13.09 billion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 4.45 and a beta of 1.21. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $75.26. The company’s fifty day simple moving average is $71.30 and its 200 day simple moving average is $64.39.

Regency Centers (NASDAQ:REG) last posted 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). The company had revenue of $357.25 million for the quarter, compared to analysts’ expectations of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same period in the previous year, the firm earned $1.03 EPS. Equities analysts anticipate that Regency Centers Co. will post 4.24 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given 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 dividend payout ratio (DPR) is presently 130.73%.

Analyst Upgrades and Downgrades

REG has been the subject of several recent analyst reports. Evercore ISI downgraded shares of Regency Centers from an “outperform” rating to an “inline” rating and raised their price objective for the stock from $72.00 to $75.00 in a research report on Monday, September 16th. JPMorgan Chase & Co. increased their target price on Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Compass Point increased their target price on Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Truist Financial increased their target price on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and increased their target price for the stock from $70.00 to $75.00 in a report on Thursday, September 26th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.