Hyman Charles D Has $613,000 Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Hyman Charles D trimmed its position in shares of Regency Centers Co. (NASDAQ:REG) by 5.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,862 shares of the company’s stock after selling 540 shares during the quarter. Hyman Charles D’s holdings in Regency Centers were worth $613,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in REG. Bank of New York Mellon Corp raised its position in shares of Regency Centers by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 1,504,945 shares of the company’s stock worth $93,608,000 after acquiring an additional 23,062 shares during the last quarter. Family Firm Inc. bought a new stake in Regency Centers in the second quarter worth approximately $44,000. Retirement Systems of Alabama increased its holdings in Regency Centers by 1.3% in the second quarter. Retirement Systems of Alabama now owns 131,726 shares of the company’s stock worth $8,193,000 after purchasing an additional 1,716 shares in the last quarter. Stableford Capital II LLC bought a new stake in Regency Centers in the second quarter worth approximately $1,546,000. Finally, Nisa Investment Advisors LLC increased its holdings in Regency Centers by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 94,051 shares of the company’s stock worth $5,913,000 after purchasing an additional 378 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

REG has been the subject of a number of research analyst reports. Mizuho lifted their target price on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Scotiabank lifted their target price on Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Monday. Raymond James lifted their target price on Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. JPMorgan Chase & Co. raised their price objective on Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Finally, Truist Financial raised their price objective on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.64.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the transaction, the chairman now directly owns 307,199 shares in the company, valued at approximately $21,503,930. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the transaction, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the transaction, the chairman now owns 307,199 shares of the company’s stock, valued at $21,503,930. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Stock Down 0.2 %

Shares of NASDAQ:REG traded down $0.17 during mid-day trading on Monday, hitting $71.25. 717,995 shares of the company traded hands, compared to its average volume of 1,132,637. The stock has a market cap of $13.17 billion, a P/E ratio of 34.79, a P/E/G ratio of 4.35 and a beta of 1.21. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 12-month low of $56.29 and a 12-month high of $71.97. The stock has a 50-day moving average price of $65.75 and a two-hundred day moving average price of $62.06.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.48). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The business had revenue of $357.25 million during the quarter, compared to analysts’ expectations of $361.56 million. During the same period in the prior year, the firm posted $1.03 EPS. On average, equities research analysts forecast that Regency Centers Co. will post 4.23 earnings per share for the current year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.68 annualized dividend and a dividend yield of 3.76%. Regency Centers’s payout ratio is presently 130.73%.

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.