Natixis Advisors L.P. Sells 5,814 Shares of Regency Centers Co. (NASDAQ:REG)

Posted by Defense World Staff on Sep 3rd, 2023

Natixis Advisors L.P. trimmed its holdings in shares of Regency Centers Co. (NASDAQ:REG – Free Report) by 14.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,165 shares of the company’s stock after selling 5,814 shares during the period. Natixis Advisors L.P.’s holdings in Regency Centers were worth $2,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of REG. American Century Companies Inc. grew its position in Regency Centers by 1.9% during the 1st quarter. American Century Companies Inc. now owns 2,992,984 shares of the company’s stock worth $183,103,000 after acquiring an additional 54,720 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Regency Centers by 1,112.5% in the first quarter. Envestnet Asset Management Inc. now owns 3,216,941 shares of the company’s stock worth $16,939,000 after purchasing an additional 2,951,637 shares during the last quarter. Industrial Alliance Investment Management Inc. purchased a new position in shares of Regency Centers in the first quarter worth $327,000. Kovitz Investment Group Partners LLC raised its holdings in Regency Centers by 4.5% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 46,264 shares of the company’s stock valued at $2,830,000 after buying an additional 1,978 shares during the last quarter. Finally, Greenleaf Trust boosted its position in Regency Centers by 8.7% during the 1st quarter. Greenleaf Trust now owns 4,950 shares of the company’s stock valued at $303,000 after buying an additional 396 shares during the period. 90.59% of the stock is owned by institutional investors.

Insider Transactions at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 125,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $66.51, for a total value of $8,313,750.00. Following the sale, the chairman now directly owns 343,399 shares of the company’s stock, valued at approximately $22,839,467.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Martin E. Stein, Jr. sold 125,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $66.51, for a total value of $8,313,750.00. Following the sale, the chairman now directly owns 343,399 shares of the company’s stock, valued at approximately $22,839,467.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nicholas Andrew Wibbenmeyer sold 900 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $66.39, for a total transaction of $59,751.00. Following the completion of the sale, the executive vice president now directly owns 18,749 shares in the company, valued at $1,244,746.11. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Truist Financial decreased their price objective on shares of Regency Centers from $73.00 to $71.00 in a research report on Monday, May 15th. StockNews.com initiated coverage on Regency Centers in a report on Wednesday, August 23rd. They set a “hold” rating on the stock. Barclays increased their price objective on Regency Centers from $70.00 to $71.00 in a report on Friday, May 19th. Finally, Bank of America reduced their target price on Regency Centers from $79.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and an average price target of $69.75.

Get Our Latest Stock Report on Regency Centers

Regency Centers Stock Up 0.3 %

Shares of NASDAQ REG opened at $62.39 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.60. Regency Centers Co. has a 12 month low of $51.97 and a 12 month high of $68.56. The firm has a market capitalization of $10.67 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 3.61 and a beta of 1.18. The firm has a fifty day simple moving average of $63.24 and a two-hundred day simple moving average of $60.64.

Regency Centers (NASDAQ:REG – Get Free Report) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.51). Regency Centers had a return on equity of 5.75% and a net margin of 29.33%. The company had revenue of $314.25 million during the quarter, compared to the consensus estimate of $313.32 million. During the same quarter last year, the company posted $1.00 earnings per share. Equities analysts expect that Regency Centers Co. will post 4.14 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Thursday, September 14th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Wednesday, September 13th. Regency Centers’s dividend payout ratio is presently 121.50%.

About Regency Centers

(Free Report)

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.