Sei Investments Co. Sells 223,261 Shares of Regency Centers Co. (NASDAQ:REG)

Sei Investments Co. lowered its stake in shares of Regency Centers Co. (NASDAQ:REG) by 26.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 605,477 shares of the company’s stock after selling 223,261 shares during the quarter. Sei Investments Co. owned approximately 0.33% of Regency Centers worth $36,668,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in REG. CVA Family Office LLC bought a new stake in Regency Centers during the 4th quarter worth about $27,000. Capital Analysts LLC bought a new stake in Regency Centers during the 4th quarter worth about $27,000. Fidelis Capital Partners LLC bought a new stake in Regency Centers during the 1st quarter worth about $27,000. Principal Securities Inc. bought a new stake in Regency Centers during the 4th quarter worth about $106,000. Finally, GAMMA Investing LLC bought a new stake in Regency Centers during the 4th quarter worth about $107,000. Institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Up 0.2 %

Regency Centers stock traded up $0.14 during midday trading on Monday, hitting $64.19. 663,938 shares of the stock were exchanged, compared to its average volume of 1,163,594. The company has a fifty day simple moving average of $60.93 and a two-hundred day simple moving average of $61.16. Regency Centers Co. has a 52 week low of $56.29 and a 52 week high of $68.47. The stock has a market capitalization of $11.86 billion, a PE ratio of 31.24, a P/E/G ratio of 4.67 and a beta of 1.21. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.64.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.68 annualized dividend and a yield of 4.18%. Regency Centers’s dividend payout ratio (DPR) is currently 130.73%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Scotiabank reduced their target price on shares of Regency Centers from $68.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 16th. Mizuho raised shares of Regency Centers from a “neutral” rating to an “outperform” rating and raised their target price for the company from $61.00 to $67.00 in a research note on Tuesday, July 9th. Finally, Truist Financial reduced their target price on shares of Regency Centers from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.64.

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.