Grace & White Inc. NY Reduces Holdings in Regency Centers Corporation (NASDAQ:REG)

Grace & White Inc. NY cut its holdings in Regency Centers Corporation (NASDAQ:REG - Free Report) by 14.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,519 shares of the company's stock after selling 3,687 shares during the period. Grace & White Inc. NY's holdings in Regency Centers were worth $1,587,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in Regency Centers in the fourth quarter valued at approximately $26,000. National Pension Service acquired a new position in Regency Centers during the fourth quarter worth $27,000. TD Waterhouse Canada Inc. lifted its stake in Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 487 shares in the last quarter. Sentry Investment Management LLC acquired a new position in Regency Centers during the first quarter worth $38,000. Finally, Canada Post Corp Registered Pension Plan acquired a new position in Regency Centers during the fourth quarter worth $39,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on REG. Scotiabank decreased their price target on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Truist Financial upped their price target on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company decreased their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Regency Centers has a consensus rating of "Moderate Buy" and an average price target of $78.08.

Insider Activity at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm'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 transaction, the insider now owns 33,069 shares of the company's stock, valued at approximately $2,395,518.36. This trade represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Regency Centers Stock Up 0.7%

NASDAQ:REG traded up $0.51 during trading hours on Thursday, hitting $70.54. The company's stock had a trading volume of 1,199,229 shares, compared to its average volume of 1,056,391. The stock has a market capitalization of $12.81 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 3.41 and a beta of 1.01. The stock has a fifty day moving average of $71.80 and a 200-day moving average of $72.28. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. Regency Centers Corporation has a 52-week low of $61.21 and a 52-week high of $78.18.

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

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be issued a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 4.00%. The ex-dividend date is Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

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.