West Paces Advisors Inc. Reduces Stock Position in Regency Centers Co. (NASDAQ:REG)

West Paces Advisors Inc. decreased its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 16.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 22,635 shares of the company's stock after selling 4,500 shares during the period. West Paces Advisors Inc.'s holdings in Regency Centers were worth $1,670,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Yousif Capital Management LLC raised 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 acquiring an additional 9,977 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Regency Centers by 8.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 731,045 shares of the company's stock worth $54,046,000 after purchasing an additional 57,020 shares in the last quarter. Empowered Funds LLC acquired a new position in Regency Centers in the 4th quarter valued at about $395,000. Wealthcare Capital Partners LLC acquired a new position in Regency Centers in the 4th quarter valued at about $408,000. Finally, Principal Securities Inc. lifted its holdings in Regency Centers by 29.0% in the 4th quarter. Principal Securities Inc. now owns 1,360 shares of the company's stock valued at $101,000 after purchasing an additional 306 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. 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 report on Monday, May 19th. Scotiabank cut their price target 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. Finally, Wells Fargo & Company reduced 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. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $78.08.

Regency Centers Trading Up 0.7%

Shares of NASDAQ REG traded up $0.51 during trading on Tuesday, hitting $72.67. 1,057,540 shares of the company traded hands, compared to its average volume of 1,056,231. The firm has a market capitalization of $13.19 billion, a P/E ratio of 34.28, a P/E/G ratio of 3.75 and a beta of 1.01. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $71.33 and a 200-day moving average price of $72.59. Regency Centers Co. has a 1 year low of $60.00 and a 1 year high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. The firm had revenue of $370.35 million during the quarter, compared to the consensus estimate 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 in the previous year, the business earned $1.08 earnings per share. On average, equities analysts predict that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders 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 dividend on an annualized basis and a yield of 3.88%. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Insiders Place Their Bets

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 value of $301,205.52. Following the transaction, the insider now directly owns 33,069 shares of the company's stock, valued at $2,395,518.36. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

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.