Regency Centers Co. (NASDAQ:REG) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp reduced its position in Regency Centers Co. (NASDAQ:REG) by 27.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,060 shares of the company’s stock after selling 400 shares during the quarter. Tompkins Financial Corp’s holdings in Regency Centers were worth $77,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. PGGM Investments increased its stake in shares of Regency Centers by 2,586.9% during the second quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock worth $103,912,000 after acquiring an additional 1,608,431 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Regency Centers by 10.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock valued at $547,995,000 after purchasing an additional 873,062 shares in the last quarter. Vanguard Group Inc. increased its position in Regency Centers by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock worth $1,749,520,000 after purchasing an additional 830,572 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Regency Centers by 67.0% during the 1st quarter. Russell Investments Group Ltd. now owns 987,147 shares of the company’s stock worth $59,768,000 after buying an additional 395,901 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Regency Centers by 4.2% in the 2nd quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock valued at $555,009,000 after buying an additional 357,091 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Activity at Regency Centers

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of Regency Centers 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 sale, the vice president now owns 13,010 shares in the company, valued at $905,105.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

Regency Centers Trading Up 0.5 %

Regency Centers stock opened at $74.24 on Friday. The stock has a market cap of $13.47 billion, a PE ratio of 34.85, a P/E/G ratio of 4.51 and a beta of 1.21. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $72.30 and a 200 day moving average price of $66.72. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $75.26.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. The firm had revenue of $360.27 million for the quarter, compared to analysts’ expectations of $355.17 million. During the same period in the previous year, the company posted $1.02 EPS. Equities research analysts predict that Regency Centers Co. will post 4.26 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be given a $0.705 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.80%. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s payout ratio is currently 125.82%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on REG shares. Compass Point upped their price objective on Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Scotiabank increased their price target on shares of Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Raymond James boosted their price objective on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Truist Financial boosted their price target on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $70.00 to $75.00 in a report on Thursday, September 26th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Regency Centers presently has an average rating of “Buy” and a consensus price target of $76.92.

About Regency Centers

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.