Hsbc Holdings PLC lowered its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 46.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 690,692 shares of the company's stock after selling 595,459 shares during the quarter. Hsbc Holdings PLC owned about 0.38% of Regency Centers worth $42,924,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its holdings in shares of Regency Centers by 3.3% during the second quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company's stock worth $295,000 after buying an additional 152 shares during the last quarter. Naviter Wealth LLC lifted its holdings in shares of Regency Centers by 2.0% during the first quarter. Naviter Wealth LLC now owns 10,901 shares of the company's stock worth $667,000 after buying an additional 218 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Regency Centers by 7.6% during the second quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company's stock worth $238,000 after buying an additional 269 shares during the last quarter. SYSTM Wealth Solutions LLC lifted its holdings in shares of Regency Centers by 13.3% during the first quarter. SYSTM Wealth Solutions LLC now owns 2,303 shares of the company's stock worth $140,000 after buying an additional 271 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Regency Centers by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 104,027 shares of the company's stock worth $6,298,000 after buying an additional 305 shares during the last quarter. Institutional investors own 96.07% of the company's stock.
Insider Buying and Selling 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 $21,503,930. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 $21,503,930. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Michael R. Herman sold 1,000 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the sale, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on REG shares. 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 note on Friday, August 16th. Raymond James upped their target price on Regency Centers from $67.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, August 16th. Mizuho upped their target price on Regency Centers from $67.00 to $73.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. Wells Fargo & Company upped their target price on Regency Centers from $69.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, August 28th. Finally, Compass Point increased their price objective on Regency Centers from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $76.10.
Check Out Our Latest Stock Analysis on Regency Centers
Regency Centers Trading Down 0.7 %
Regency Centers stock traded down $0.54 during mid-day trading on Friday, hitting $71.59. The stock had a trading volume of 2,242,559 shares, compared to its average volume of 1,133,651. The stock has a 50-day simple moving average of $70.18 and a two-hundred day simple moving average of $63.71. The stock has a market capitalization of $12.99 billion, a PE ratio of 34.92, a P/E/G ratio of 4.66 and a beta of 1.21. Regency Centers Co. has a 12 month low of $56.29 and a 12 month 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.
Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings results 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 net margin of 27.60% and a return on equity of 5.63%. The firm had revenue of $357.25 million during the quarter, compared to the consensus estimate of $361.56 million. During the same quarter in the prior year, the business earned $1.03 EPS. As a group, sell-side analysts forecast that Regency Centers Co. will post 4.23 EPS for the current year.
Regency Centers Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.74%. The ex-dividend date is Thursday, September 12th. Regency Centers's payout ratio is 130.73%.
Regency Centers Company Profile
(
Free Report)
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.
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