Regency Centers Co. (NASDAQ:REG) Stake Lowered by Renaissance Technologies LLC

Renaissance Technologies LLC cut its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 10.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 439,195 shares of the company's stock after selling 50,600 shares during the quarter. Renaissance Technologies LLC owned approximately 0.24% of Regency Centers worth $27,318,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Regency Centers by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company's stock worth $164,327,000 after acquiring an additional 117,368 shares during the period. Federated Hermes Inc. grew its position in Regency Centers by 126.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,008 shares of the company's stock worth $63,000 after purchasing an additional 563 shares during the last quarter. Royal London Asset Management Ltd. increased its stake in shares of Regency Centers by 2.2% in the second quarter. Royal London Asset Management Ltd. now owns 96,474 shares of the company's stock valued at $6,001,000 after purchasing an additional 2,107 shares during the period. Choreo LLC bought a new stake in shares of Regency Centers during the second quarter valued at approximately $205,000. Finally, Quest Partners LLC boosted its position in shares of Regency Centers by 25,250.0% during the second 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. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, 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 transaction, the chairman now owns 307,199 shares in the company, valued at $21,503,930. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on REG. Evercore ISI cut Regency Centers from an "outperform" rating to an "inline" rating and raised their target price for the company from $72.00 to $75.00 in a research report on Monday. Mizuho raised 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. 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 raised their target price on shares of Regency Centers from $67.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Regency Centers from $71.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $75.55.

Regency Centers Price Performance

REG stock traded down $0.54 on Friday, hitting $71.59. 2,000,422 shares of the company's stock traded hands, compared to its average volume of 1,132,321. The stock has a market cap of $12.99 billion, a price-to-earnings ratio of 35.02, a P/E/G ratio of 4.66 and a beta of 1.21. Regency Centers Co. has a 1-year low of $56.29 and a 1-year high of $75.26. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The stock has a fifty day moving average of $69.86 and a 200-day moving average of $63.59.

Regency Centers (NASDAQ:REG - Get Free Report) 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 net margin of 27.60% and a return on equity of 5.63%. During the same quarter last year, the company posted $1.03 EPS. On average, analysts forecast that Regency Centers Co. will post 4.23 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared 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 is Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.74%. Regency Centers's dividend payout ratio (DPR) is 130.73%.

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.