Regency Centers Co. (NASDAQ:REG) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its stake in shares of Regency Centers Co. (NASDAQ:REG) by 91.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,457 shares of the company’s stock after selling 47,376 shares during the period. Squarepoint Ops LLC’s holdings in Regency Centers were worth $277,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Regency Centers by 18.7% in the 1st 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. FORA Capital LLC increased its position in Regency Centers by 493.7% during the first quarter. FORA Capital LLC now owns 25,061 shares of the company’s stock worth $1,518,000 after purchasing an additional 20,840 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Regency Centers by 10.7% during the first 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 during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Regency Centers by 14.1% in the 1st 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. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Regency Centers by 5.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 309,182 shares of the company’s stock valued at $18,725,000 after purchasing an additional 15,621 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the 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 of the company’s stock, valued at approximately $21,503,930. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, VP Michael R. Herman sold 1,000 shares of the business’s stock in a transaction that occurred on 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 trade was 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 through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the 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 completion of the transaction, the chairman now owns 307,199 shares in the company, valued at $21,503,930. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Regency Centers Trading Up 0.8 %

NASDAQ REG opened at $70.30 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 4.43 and a beta of 1.21. The firm has a 50 day simple moving average of $71.63 and a 200-day simple moving average of $64.84. Regency Centers Co. has a one year low of $56.51 and a one year high of $75.26.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.48). The business had revenue of $357.25 million during the quarter, compared to analyst estimates of $361.56 million. Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. During the same quarter last year, the firm earned $1.03 EPS. Equities research analysts anticipate that Regency Centers Co. will post 4.24 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Thursday, September 12th. Regency Centers’s dividend payout ratio is currently 128.23%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on REG. Raymond James lifted their price target on shares of Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Scotiabank increased their price target on Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and boosted their price objective for the company from $70.00 to $75.00 in a report on Thursday, September 26th. Compass Point increased their target price on shares of Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, Mizuho lifted their price target on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Two research 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 a consensus price target of $76.20.

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.