Grace & White Inc. NY Decreases Stock Position in Regency Centers Co. (NASDAQ:REG)

Grace & White Inc. NY trimmed its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 53.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,206 shares of the company's stock after selling 28,925 shares during the period. Grace & White Inc. NY's holdings in Regency Centers were worth $1,821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of REG. Friedenthal Financial bought a new stake in shares of Regency Centers in the third quarter valued at approximately $807,000. Blue Trust Inc. raised its holdings in Regency Centers by 310.1% during the 3rd quarter. Blue Trust Inc. now owns 3,441 shares of the company's stock valued at $249,000 after acquiring an additional 2,602 shares during the period. Vert Asset Management LLC lifted its position in shares of Regency Centers by 0.8% during the third quarter. Vert Asset Management LLC now owns 70,677 shares of the company's stock worth $5,105,000 after acquiring an additional 576 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Regency Centers by 6.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,721 shares of the company's stock worth $3,591,000 after acquiring an additional 2,840 shares during the period. Finally, Presima Securities ULC grew its position in shares of Regency Centers by 1.1% in the third quarter. Presima Securities ULC now owns 45,880 shares of the company's stock valued at $3,314,000 after purchasing an additional 500 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Regency Centers

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the firm's 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 sale, the vice president now directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 sale, the chairman now directly owns 307,199 shares in the company, valued at approximately $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 Analyst Weigh In

REG has been the subject of several analyst reports. Mizuho raised their target price on Regency Centers from $67.00 to $73.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th. Raymond James boosted their price target on shares of Regency Centers from $67.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, August 16th. Wells Fargo & Company lifted their price objective on shares of Regency Centers from $69.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, August 28th. Compass Point increased their target price on Regency Centers from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, September 10th. Finally, Evercore ISI lowered Regency Centers from an "outperform" rating to an "inline" rating and lifted their price target for the stock from $72.00 to $75.00 in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Regency Centers has an average rating of "Moderate Buy" and an average target price of $76.20.

Regency Centers Trading Up 0.4 %

Shares of NASDAQ:REG traded up $0.27 during trading on Tuesday, reaching $71.87. 560,933 shares of the company traded hands, compared to its average volume of 1,092,397. 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 business's fifty day moving average is $71.88 and its 200-day moving average is $65.42. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 35.06, a P/E/G ratio of 4.52 and a beta of 1.21.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.48). The firm had revenue of $357.25 million during the quarter, compared to the consensus estimate of $361.56 million. Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. During the same period last year, the business earned $1.03 EPS. As a group, analysts forecast that Regency Centers Co. will post 4.24 EPS for the current year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Thursday, September 12th. Regency Centers's dividend payout ratio (DPR) is currently 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.