Perpetual Ltd Trims Stake in Regency Centers Co. (NASDAQ:REG)

Perpetual Ltd trimmed its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 53.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,450 shares of the company's stock after selling 19,200 shares during the period. Perpetual Ltd's holdings in Regency Centers were worth $1,188,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Fidelis Capital Partners LLC bought a new stake in shares of Regency Centers in the 1st quarter valued at $27,000. Quest Partners LLC boosted its position in Regency Centers by 25,250.0% during the second 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 Regency Centers during the 2nd quarter worth about $44,000. Blue Trust Inc. raised its position in shares of Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company's stock worth $51,000 after acquiring an additional 716 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Regency Centers in the 1st quarter valued at about $52,000. 96.07% of the stock is owned by institutional investors.

Regency Centers Stock Up 0.8 %

NASDAQ REG traded up $0.53 during trading hours on Friday, hitting $70.30. The company's stock had a trading volume of 655,059 shares, compared to its average volume of 1,103,799. The company has a market capitalization of $12.76 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 4.43 and a beta of 1.21. 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 Co. has a 52 week low of $56.51 and a 52 week high of $75.26. The company's 50-day simple moving average is $71.63 and its two-hundred day simple moving average is $64.88.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly 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 business had revenue of $357.25 million for the quarter, compared to analysts' expectations of $361.56 million. During the same period in the previous year, the business posted $1.03 earnings per share. Research analysts anticipate that Regency Centers Co. will post 4.24 EPS for the current fiscal year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.81%. The ex-dividend date was Thursday, September 12th. Regency Centers's dividend payout ratio is 128.23%.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the 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 completion of the transaction, the chairman now directly owns 307,199 shares of the company's stock, valued at approximately $21,503,930. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the transaction, the vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,750,000.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on REG shares. Evercore ISI cut Regency Centers from an "outperform" rating to an "inline" rating and raised their target price for the stock from $72.00 to $75.00 in a research note on Monday, September 16th. Compass Point lifted their price objective on shares of Regency Centers from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, September 10th. Wells Fargo & Company boosted their target price on shares of Regency Centers from $69.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a "buy" rating to a "hold" rating and lifted their price target for the company from $70.00 to $75.00 in a research note on Thursday, September 26th. Finally, Truist Financial increased their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.