Voloridge Investment Management LLC Lowers Stock Position in Regency Centers Co. (NASDAQ:REG)

Voloridge Investment Management LLC lessened its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 36.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,788 shares of the company's stock after selling 60,349 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.06% of Regency Centers worth $7,821,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. State of Wyoming raised its holdings in Regency Centers by 11.3% in the 4th quarter. State of Wyoming now owns 1,543 shares of the company's stock valued at $114,000 after buying an additional 157 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Regency Centers by 3.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company's stock valued at $356,000 after purchasing an additional 164 shares during the period. Greenleaf Trust increased its position in Regency Centers by 3.8% during the 4th quarter. Greenleaf Trust now owns 4,735 shares of the company's stock valued at $350,000 after purchasing an additional 172 shares during the period. Farther Finance Advisors LLC increased its position in Regency Centers by 27.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock valued at $74,000 after purchasing an additional 219 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in Regency Centers by 7.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,395 shares of the company's stock valued at $251,000 after purchasing an additional 244 shares during the period. Institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Scotiabank decreased their target price on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Wells Fargo & Company decreased their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Finally, Truist Financial increased their target price on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $78.08.

Regency Centers Stock Down 0.5%

NASDAQ REG traded down $0.35 on Friday, hitting $72.04. 150,857 shares of the company were exchanged, compared to its average volume of 1,047,910. The company has a market cap of $13.08 billion, a PE ratio of 33.98, a PEG ratio of 3.75 and a beta of 1.02. Regency Centers Co. has a 12 month low of $59.22 and a 12 month high of $78.18. The stock has a fifty day moving average of $71.53 and a 200-day moving average of $72.72. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.01. The business had revenue of $370.35 million for the quarter, compared to analyst estimates of $364.64 million. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. During the same period in the prior year, the firm earned $1.08 earnings per share. As a group, analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders 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 3.91%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the transaction, the chairman now directly owns 110,263 shares of the company's stock, valued at approximately $8,102,125.24. This trade represents a 31.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the completion of the transaction, the insider now directly owns 33,069 shares in the company, valued at $2,395,518.36. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

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.