Grace & White Inc. NY Sells 3,687 Shares of Regency Centers Corporation (NASDAQ:REG)

Grace & White Inc. NY cut its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 14.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,519 shares of the company's stock after selling 3,687 shares during the quarter. Grace & White Inc. NY's holdings in Regency Centers were worth $1,587,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in REG. Heck Capital Advisors LLC acquired a new stake in Regency Centers during the 4th quarter valued at $26,000. National Pension Service acquired a new stake in Regency Centers during the 4th quarter valued at $27,000. TD Waterhouse Canada Inc. lifted its holdings in Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in Regency Centers during the 1st quarter valued at $38,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Regency Centers during the 4th quarter valued at $39,000. 96.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Truist Financial raised their target price on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Finally, Scotiabank lowered their target price on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.08.

Regency Centers Stock Up 0.6%

REG stock opened at $71.14 on Monday. Regency Centers Corporation has a 52 week low of $60.64 and a 52 week high of $78.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. The business has a 50-day simple moving average of $71.76 and a 200 day simple moving average of $72.34. The company has a market cap of $12.91 billion, a PE ratio of 33.56, a price-to-earnings-growth ratio of 3.47 and a beta of 1.02.

Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. The firm had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. During the same quarter in the previous year, the business posted $1.08 earnings per share. Sell-side analysts anticipate that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's payout ratio is 133.02%.

Insider Activity

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total transaction of $301,205.52. Following the sale, the insider now directly owns 33,069 shares in the company, valued at approximately $2,395,518.36. The trade was a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

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.

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