Duff & Phelps Investment Management Co. Sells 650,835 Shares of Regency Centers Co. (NASDAQ:REG)

Duff & Phelps Investment Management Co. lowered its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 53.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 564,861 shares of the company's stock after selling 650,835 shares during the period. Duff & Phelps Investment Management Co. owned 0.31% of Regency Centers worth $35,134,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of REG. Fidelis Capital Partners LLC acquired a new stake in Regency Centers in the 1st quarter worth about $27,000. Quest Partners LLC lifted 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 valued at $32,000 after acquiring an additional 505 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Regency Centers during the 2nd quarter valued at $44,000. Blue Trust Inc. lifted its position in shares of Regency Centers by 582.1% in the second quarter. Blue Trust Inc. now owns 839 shares of the company's stock worth $51,000 after buying an additional 716 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Regency Centers during the first quarter worth approximately $52,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on REG shares. JPMorgan Chase & Co. upped their target price on shares of Regency Centers from $71.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, August 8th. Mizuho lifted their target price on shares of Regency Centers from $67.00 to $73.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th. Evercore ISI lowered Regency Centers from an "outperform" rating to an "inline" rating and upped their target price for the company from $72.00 to $75.00 in a report on Monday, September 16th. Truist Financial boosted their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, August 16th. Finally, Scotiabank lifted their target price on shares of Regency Centers from $65.00 to $75.00 and gave the stock a "sector perform" rating in a research note on Monday, August 26th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $76.20.

Regency Centers Stock Up 0.7 %

Regency Centers stock traded up $0.53 during trading hours on Friday, hitting $71.45. The company had a trading volume of 781,791 shares, compared to its average volume of 1,075,329. The firm has a market capitalization of $13.20 billion, a P/E ratio of 34.85, a price-to-earnings-growth ratio of 4.52 and a beta of 1.21. The firm's fifty day moving average is $70.81 and its 200-day moving average is $64.11. Regency Centers Co. has a fifty-two week low of $56.29 and a fifty-two week high of $75.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its 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). The firm had revenue of $357.25 million during 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 business posted $1.03 earnings per share. On average, research analysts forecast that Regency Centers Co. will post 4.23 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers's dividend payout ratio is 130.73%.

Insider Transactions at Regency Centers

In related news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the sale, the vice president now owns 13,010 shares in the company, valued at $905,105.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers 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 directly owns 307,199 shares in the company, valued at $21,503,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael R. Herman sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the sale, the vice president now owns 13,010 shares of the company's stock, valued at approximately $905,105.70. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

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.