Regency Centers Co. (NASDAQ:REG) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,063,812 shares of the company's stock after selling 89,158 shares during the period. Nuveen Asset Management LLC owned about 1.14% of Regency Centers worth $152,578,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in Regency Centers in the fourth quarter valued at approximately $26,000. National Pension Service purchased a new position in shares of Regency Centers in the fourth quarter worth about $27,000. TD Waterhouse Canada Inc. grew its holdings in shares of Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after acquiring an additional 487 shares during the period. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Regency Centers in the 4th quarter worth approximately $39,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Regency Centers during the 4th quarter valued at $54,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Insiders Place Their Bets

In related 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 completion of the transaction, the chairman now directly owns 110,263 shares of the company's stock, valued at approximately $8,102,125.24. This represents 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 link. Also, CEO Lisa Palmer sold 25,000 shares of the firm's 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 completion of the sale, the chief executive officer now directly owns 139,923 shares of the company's stock, valued at $10,250,758.98. The trade was a 15.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock worth $6,977,500 in the last quarter. 1.00% of the stock is owned by company insiders.

Regency Centers Stock Up 0.3%

Shares of NASDAQ REG traded up $0.23 during trading hours on Monday, hitting $74.05. The company had a trading volume of 1,887,751 shares, compared to its average volume of 1,048,088. The firm's 50 day moving average is $71.46 and its 200-day moving average is $72.79. Regency Centers Co. has a 1-year low of $58.19 and a 1-year high of $78.18. The stock has a market capitalization of $13.44 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 3.75 and a beta of 1.02. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.01. The company had revenue of $370.35 million for 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 period in the previous year, the business posted $1.08 earnings per share. On average, analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors 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 yield of 3.81%. The ex-dividend date is Wednesday, June 11th. Regency Centers's payout ratio is currently 133.02%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on REG shares. Wells Fargo & Company cut their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Truist Financial upped their price target on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a report on Monday. Finally, Scotiabank decreased 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 research note on Monday, May 12th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.