West Paces Advisors Inc. Has $1.67 Million Position in Regency Centers Co. (NASDAQ:REG)

West Paces Advisors Inc. trimmed its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,635 shares of the company's stock after selling 4,500 shares during the quarter. West Paces Advisors Inc.'s holdings in Regency Centers were worth $1,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of REG. Sanctuary Advisors LLC grew its position in Regency Centers by 104.1% during the fourth 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 purchased a new position in shares of Regency Centers in the fourth quarter worth $1,499,000. Raymond James Financial Inc. purchased a new position in shares of Regency Centers in the fourth quarter worth $11,925,000. Yousif Capital Management LLC lifted its holdings in shares of Regency Centers by 35.8% in the fourth quarter. Yousif Capital Management LLC now owns 37,865 shares of the company's stock worth $2,799,000 after buying an additional 9,977 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Regency Centers by 4.3% in the fourth quarter. US Bancorp DE now owns 8,383 shares of the company's stock worth $620,000 after buying an additional 347 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. 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 note on Monday, May 19th. Scotiabank dropped 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. Finally, Wells Fargo & Company lowered their price target on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Three 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 stock. According to MarketBeat.com, Regency Centers presently has an average rating of "Moderate Buy" and a consensus price target of $78.08.

Insider Activity at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 33,069 shares in the company, valued at $2,395,518.36. This represents a 11.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Regency Centers Stock Performance

Shares of Regency Centers stock traded down $0.81 during trading hours on Friday, hitting $70.25. 1,452,036 shares of the company were exchanged, compared to its average volume of 1,055,029. The business has a 50-day moving average of $71.55 and a 200-day moving average of $72.53. The stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of 33.14, a P/E/G ratio of 3.75 and a beta of 1.01. 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 Co. has a 1 year low of $60.64 and a 1 year high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 5.91% and a net margin of 27.54%. During the same quarter last year, the company earned $1.08 earnings per share. As a group, analysts expect that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be given a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.82 annualized dividend and a dividend yield of 4.01%. Regency Centers's dividend payout ratio is presently 133.02%.

Regency Centers 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.