Regency Centers Co. (NASDAQ:REG) Position Lessened by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,063,812 shares of the company's stock after selling 89,158 shares during the quarter. Nuveen Asset Management LLC owned 1.14% of Regency Centers worth $152,578,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of Regency Centers by 3.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company's stock worth $356,000 after purchasing an additional 164 shares in the last quarter. Greenleaf Trust boosted its holdings in Regency Centers by 3.8% during the fourth quarter. Greenleaf Trust now owns 4,735 shares of the company's stock worth $350,000 after buying an additional 172 shares in the last quarter. Farther Finance Advisors LLC grew its position in Regency Centers by 27.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock worth $74,000 after buying an additional 219 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Regency Centers by 7.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,395 shares of the company's stock worth $251,000 after buying an additional 244 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Regency Centers by 17.5% during the 4th quarter. Signaturefd LLC now owns 1,757 shares of the company's stock valued at $130,000 after acquiring an additional 262 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Trading Down 1.0%

Regency Centers stock traded down $0.75 during trading on Wednesday, reaching $72.38. The company had a trading volume of 195,314 shares, compared to its average volume of 1,046,158. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The firm has a market capitalization of $13.14 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 3.75 and a beta of 1.02. Regency Centers Co. has a 12-month low of $58.19 and a 12-month high of $78.18. The stock's 50 day moving average price is $71.55 and its two-hundred day moving average price is $72.81.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data 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. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. The company had revenue of $370.35 million during the quarter, compared to analysts' expectations of $364.64 million. During the same period in the prior year, the company posted $1.08 EPS. As a group, equities analysts expect that Regency Centers Co. will post 4.54 earnings per share 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. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's payout ratio is currently 133.02%.

Insider Buying and Selling

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the transaction, the chairman now owns 110,263 shares in the company, valued at approximately $8,102,125.24. This trade represents a 31.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Truist Financial lifted their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday. Wells Fargo & Company reduced their target price 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. Finally, Scotiabank lowered their price target on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Three 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 has an average rating of "Moderate Buy" and a consensus price target of $78.08.

Regency Centers Company 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.