Grace & White Inc. NY Sells 28,925 Shares of Regency Centers Co. (NASDAQ:REG)

Grace & White Inc. NY reduced its position in Regency Centers Co. (NASDAQ:REG) by 53.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of REG. Fidelis Capital Partners LLC purchased a new position in shares of Regency Centers during the 1st quarter valued at about $27,000. Quest Partners LLC boosted its holdings in Regency Centers by 25,250.0% in the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after acquiring an additional 505 shares in the last quarter. Family Firm Inc. purchased a new position in shares of Regency Centers in the second quarter worth $44,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Regency Centers by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock worth $58,000 after purchasing an additional 600 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Regency Centers by 582.1% during the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after acquiring an additional 716 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other 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 completion of the transaction, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction that occurred on 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 owns 13,010 shares in the company, valued at $905,105.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the chairman now owns 307,199 shares in the company, valued at approximately $21,503,930. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on REG shares. Raymond James upped their price target on Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and increased their price target for the stock from $70.00 to $75.00 in a report on Thursday, September 26th. Mizuho raised their price objective on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. 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 report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. lifted their price target on Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $76.20.

Regency Centers Trading Down 1.3 %

Shares of Regency Centers stock opened at $71.60 on Tuesday. The business has a 50 day moving average price of $71.88 and a 200 day moving average price of $65.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $13.23 billion, a P/E ratio of 34.93, a P/E/G ratio of 4.52 and a beta of 1.21. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $75.26.

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

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were paid a $0.67 dividend. The ex-dividend date was Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.74%. Regency Centers’s dividend payout ratio (DPR) is presently 130.73%.

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.