Regency Centers Corporation (NASDAQ:REG) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 28.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 519,625 shares of the company's stock after selling 211,420 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.29% of Regency Centers worth $38,328,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Regency Centers by 14.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,322 shares of the company's stock valued at $2,210,000 after buying an additional 3,857 shares during the period. Achmea Investment Management B.V. boosted its position in shares of Regency Centers by 56.7% during the 1st quarter. Achmea Investment Management B.V. now owns 15,655 shares of the company's stock worth $1,155,000 after purchasing an additional 5,665 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Regency Centers by 164.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 443,723 shares of the company's stock valued at $32,729,000 after purchasing an additional 276,174 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Regency Centers in the first quarter valued at about $611,000. Finally, Asset Management One Co. Ltd. boosted its holdings in Regency Centers by 2.9% during the first quarter. Asset Management One Co. Ltd. now owns 378,046 shares of the company's stock worth $27,885,000 after buying an additional 10,659 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Trading Down 0.4%

NASDAQ REG traded down $0.31 during trading hours on Wednesday, hitting $70.80. 1,460,571 shares of the company's stock were exchanged, compared to its average volume of 1,060,707. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $12.85 billion, a P/E ratio of 33.40, a price-to-earnings-growth ratio of 3.47 and a beta of 1.00. The business's 50 day moving average is $71.76 and its 200-day moving average is $72.18. Regency Centers Corporation has a 12-month low of $61.34 and a 12-month high of $78.18.

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

Regency Centers Dividend Announcement

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 dividend of $0.705 per share. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 annualized dividend and a yield of 3.98%. Regency Centers's dividend payout ratio is currently 133.02%.

Insider Transactions at Regency Centers

In other news, 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 value of $301,205.52. Following the transaction, the insider owned 33,069 shares of the company's stock, valued at approximately $2,395,518.36. This trade represents a 11.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on REG. Wells Fargo & Company dropped their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Scotiabank reduced their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Wall Street Zen upgraded Regency Centers from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Barclays initiated coverage on Regency Centers in a research report on Wednesday. They issued an "equal weight" rating and a $77.00 price target for the company. Finally, Truist Financial boosted their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Regency Centers presently has an average rating of "Moderate Buy" and a consensus target price of $78.00.

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.