Sumitomo Mitsui Trust Group Inc. Sells 167,183 Shares of Regency Centers Co. (NASDAQ:REG)

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 19.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 674,025 shares of the company's stock after selling 167,183 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.37% of Regency Centers worth $48,685,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Regency Centers by 18.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 312,155 shares of the company's stock valued at $18,904,000 after buying an additional 49,188 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 purchasing an additional 873,062 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Regency Centers by 14.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 116,726 shares of the company's stock valued at $6,998,000 after purchasing an additional 14,410 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Regency Centers by 5.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 309,182 shares of the company's stock worth $18,725,000 after buying an additional 15,621 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in Regency Centers by 340.8% in the first quarter. Intech Investment Management LLC now owns 17,056 shares of the company's stock worth $1,033,000 after buying an additional 13,187 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Stock Performance

Shares of Regency Centers stock remained flat at $73.66 during trading on Friday. The stock had a trading volume of 3,835,304 shares, compared to its average volume of 1,107,864. The business's fifty day moving average is $72.39 and its two-hundred day moving average is $67.18. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $75.26. The company has a market capitalization of $13.37 billion, a PE ratio of 34.58, a P/E/G ratio of 4.55 and a beta of 1.21. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.50). The business had revenue of $360.27 million during the quarter, compared to the consensus estimate of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same period in the prior year, the firm earned $1.02 earnings per share. On average, equities research analysts expect that Regency Centers Co. will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.83%. This is an increase from Regency Centers's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Monday, December 16th. Regency Centers's dividend payout ratio (DPR) is presently 132.39%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on Regency Centers from $69.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. Evercore ISI upgraded shares of Regency Centers from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Compass Point upped their price target on shares of Regency Centers from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their price objective on shares of Regency Centers from $77.00 to $80.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Finally, Mizuho increased their target price on Regency Centers from $67.00 to $73.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $76.92.

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.