Vident Advisory LLC Has $1.85 Million Position in Regency Centers Co. (NASDAQ:REG)

Vident Advisory LLC trimmed its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 39.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,006 shares of the company's stock after selling 16,193 shares during the period. Vident Advisory LLC's holdings in Regency Centers were worth $1,849,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC increased its stake in Regency Centers by 104.1% in the 4th quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock valued at $1,442,000 after buying an additional 10,221 shares during the period. Teacher Retirement System of Texas acquired a new position in Regency Centers in the 4th quarter valued at approximately $1,499,000. Pacer Advisors Inc. increased its stake in Regency Centers by 196.1% in the 4th quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock valued at $2,680,000 after buying an additional 24,003 shares during the period. JPMorgan Chase & Co. increased its stake in Regency Centers by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock valued at $801,056,000 after buying an additional 435,932 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Regency Centers in the 4th quarter valued at approximately $11,925,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on REG. Wells Fargo & Company lowered their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Scotiabank lowered their price objective 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. Finally, Truist Financial lifted their price target 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. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $78.08.

Insider Transactions at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the transaction, the chairman now directly owns 110,263 shares in the company, valued at approximately $8,102,125.24. The trade was a 31.20% decrease in their ownership of the stock. The sale 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 business's stock in a transaction on 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 in the company, valued at approximately $2,395,518.36. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Regency Centers Stock Down 1.3%

REG traded down $0.96 during trading on Wednesday, reaching $71.18. The company had a trading volume of 167,588 shares, compared to its average volume of 1,048,870. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. Regency Centers Co. has a 12 month low of $58.19 and a 12 month high of $78.18. The business's fifty day moving average price is $71.53 and its 200 day moving average price is $72.74. The company has a market cap of $12.92 billion, a P/E ratio of 33.62, a PEG ratio of 3.75 and a beta of 1.02.

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 firm 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 quarter in the previous year, the firm posted $1.08 earnings per share. Equities analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be given 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 is Wednesday, June 11th. Regency Centers's dividend payout ratio 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.