Lighthouse Investment Partners LLC Sells 72,500 Shares of Regency Centers Co. (NASDAQ:REG)

Lighthouse Investment Partners LLC lessened its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 43.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,500 shares of the company's stock after selling 72,500 shares during the quarter. Lighthouse Investment Partners LLC owned 0.05% of Regency Centers worth $5,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. PGGM Investments lifted its stake in Regency Centers by 2,586.9% in the second quarter. PGGM Investments now owns 1,670,607 shares of the company's stock valued at $103,912,000 after purchasing an additional 1,608,431 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Regency Centers by 16.5% during the 1st quarter. Principal Financial Group Inc. now owns 8,565,897 shares of the company's stock worth $518,751,000 after acquiring an additional 1,210,906 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Regency Centers by 10.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company's stock worth $547,995,000 after acquiring an additional 873,062 shares during the last quarter. Vanguard Group Inc. raised its stake in Regency Centers by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company's stock valued at $1,749,520,000 after acquiring an additional 830,572 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in Regency Centers by 67.0% during the first quarter. Russell Investments Group Ltd. now owns 987,147 shares of the company's stock valued at $59,768,000 after purchasing an additional 395,901 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 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 directly owns 307,199 shares of the company's stock, valued at approximately $21,503,930. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Michael R. Herman sold 1,000 shares of the company's stock in a transaction that occurred on Friday, August 16th. The stock was 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 approximately $905,105.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business's stock in a transaction 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 owns 307,199 shares of the company's stock, valued at approximately $21,503,930. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Regency Centers Price Performance

REG stock traded up $0.53 during midday trading on Friday, reaching $71.45. The company had a trading volume of 781,791 shares, compared to its average volume of 1,125,683. The firm has a 50-day moving average price of $70.81 and a 200-day moving average price of $64.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $12.97 billion, a P/E ratio of 34.85, a P/E/G ratio of 4.50 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.

Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates 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 period in the prior year, the company earned $1.03 EPS. On average, research analysts anticipate that Regency Centers Co. will post 4.23 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Thursday, September 12th. Regency Centers's dividend payout ratio (DPR) is presently 130.73%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Regency Centers from $71.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, August 8th. Mizuho increased their target price on Regency Centers from $67.00 to $73.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. Wells Fargo & Company lifted their price target on Regency Centers from $69.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, August 28th. Truist Financial increased their price objective on Regency Centers from $70.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Finally, Evercore ISI lowered Regency Centers from an "outperform" rating to an "inline" rating and lifted their target price for the company from $72.00 to $75.00 in a report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.