Regency Centers Co. (NASDAQ:REG) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,816,237 shares of the company's stock after selling 106,751 shares during the quarter. Principal Financial Group Inc. owned about 4.86% of Regency Centers worth $636,792,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of REG. Fidelis Capital Partners LLC purchased a new position in shares of Regency Centers in the 1st quarter valued at approximately $27,000. Quest Partners LLC increased its position in shares of Regency Centers by 25,250.0% in 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 period. Family Firm Inc. purchased a new position in Regency Centers in the 2nd quarter worth $44,000. Blue Trust Inc. lifted its position in Regency Centers by 582.1% during the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company's stock worth $51,000 after acquiring an additional 716 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in Regency Centers during the 1st quarter valued at about $52,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. 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 report on Friday, August 16th. Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a "buy" rating to a "hold" rating and boosted their target price for the company from $70.00 to $75.00 in a research report on Thursday, September 26th. JPMorgan Chase & Co. lifted their price objective on Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a research note on Monday. Scotiabank upped their target price on Regency Centers from $65.00 to $75.00 and gave the stock a "sector perform" rating in a research note on Monday, August 26th. Finally, Robert W. Baird lifted their price target on Regency Centers from $71.00 to $78.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $76.92.

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 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 transaction, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.00% of the company's stock.

Regency Centers Price Performance

Shares of REG traded up $1.06 during trading hours on Thursday, hitting $73.88. 850,244 shares of the stock were exchanged, compared to its average volume of 1,091,662. The stock's 50-day moving average price is $72.23 and its two-hundred day moving average price is $66.52. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.95. The company has a market cap of $13.41 billion, a price-to-earnings ratio of 34.69, a price-to-earnings-growth ratio of 4.50 and a beta of 1.21. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $75.26.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.50). The business had revenue of $360.27 million during the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same quarter last year, the company earned $1.02 earnings per share. Research analysts expect that Regency Centers Co. will post 4.24 earnings per share for the current year.

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.