Jacobs Levy Equity Management Inc. Sells 6,715 Shares of Regency Centers Co. (NASDAQ:REG)

Jacobs Levy Equity Management Inc. cut its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,927 shares of the company's stock after selling 6,715 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Regency Centers were worth $3,469,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC raised its position in Regency Centers by 104.1% in the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock worth $1,442,000 after acquiring an additional 10,221 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Regency Centers during the 4th quarter worth about $1,499,000. Pacer Advisors Inc. raised its holdings in Regency Centers by 196.1% during the 4th quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock worth $2,680,000 after buying an additional 24,003 shares during the period. Contravisory Investment Management Inc. acquired a new stake in Regency Centers during the 4th quarter worth about $567,000. Finally, JPMorgan Chase & Co. raised its holdings in Regency Centers by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock worth $801,056,000 after buying an additional 435,932 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the transaction, the chairman now owns 110,263 shares in the company, valued at $8,102,125.24. This trade represents a 31.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the transaction, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. This trade represents a 15.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock worth $6,977,500 over the last 90 days. Insiders own 1.00% of the company's stock.

Regency Centers Stock Down 1.0%

Shares of NASDAQ REG traded down $0.77 during trading hours on Tuesday, hitting $73.28. The stock had a trading volume of 128,148 shares, compared to its average volume of 1,044,534. The company has a market capitalization of $13.30 billion, a P/E ratio of 34.53, a P/E/G ratio of 3.75 and a beta of 1.02. The firm's 50-day moving average price is $71.50 and its two-hundred day moving average price is $72.81. Regency Centers Co. has a 52 week low of $58.19 and a 52 week high of $78.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.14 by $0.01. The business had revenue of $370.35 million during the quarter, compared to analysts' expectations 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 posted $1.08 EPS. Analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be issued 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 yield of 3.85%. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on REG shares. Truist Financial boosted their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a report on Monday. Wells Fargo & Company cut their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Finally, Scotiabank cut their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Three 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, Regency Centers currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.08.

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.