Telos Capital Management Inc. Sells 1,050 Shares of Regency Centers Co. (NASDAQ:REG)

Telos Capital Management Inc. decreased its holdings in Regency Centers Co. (NASDAQ:REG) by 17.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,048 shares of the company’s stock after selling 1,050 shares during the quarter. Telos Capital Management Inc.’s holdings in Regency Centers were worth $365,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Friedenthal Financial acquired a new position in shares of Regency Centers in the 3rd quarter valued at approximately $807,000. Blue Trust Inc. raised its position in shares of Regency Centers by 310.1% in the 3rd quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $249,000 after buying an additional 2,602 shares in the last quarter. Vert Asset Management LLC raised its position in shares of Regency Centers by 0.8% in the 3rd quarter. Vert Asset Management LLC now owns 70,677 shares of the company’s stock valued at $5,105,000 after buying an additional 576 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Regency Centers by 6.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,721 shares of the company’s stock valued at $3,591,000 after buying an additional 2,840 shares in the last quarter. Finally, Presima Securities ULC raised its position in shares of Regency Centers by 1.1% in the 3rd quarter. Presima Securities ULC now owns 45,880 shares of the company’s stock valued at $3,314,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the sale, the chairman now directly owns 307,199 shares of the company’s stock, valued at $21,503,930. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the sale, the chairman now directly owns 307,199 shares of the company’s stock, valued at $21,503,930. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Michael R. Herman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the sale, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Regency Centers Price Performance

NASDAQ REG opened at $71.87 on Wednesday. The company has a market cap of $13.28 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 4.52 and a beta of 1.21. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $75.26. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The firm’s 50-day simple moving average is $71.88 and its two-hundred day simple moving average is $65.42.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The firm had revenue of $357.25 million during the quarter, compared to analysts’ expectations of $361.56 million. During the same period in the previous year, the company posted $1.03 earnings per share. Research analysts predict that Regency Centers Co. will post 4.24 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Thursday, September 12th. Regency Centers’s dividend payout ratio is currently 130.73%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Evercore ISI cut shares of Regency Centers from an “outperform” rating to an “inline” rating and boosted their target price for the company from $72.00 to $75.00 in a research report on Monday, September 16th. Truist Financial lifted their price target on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 16th. Compass Point lifted their price target on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Wells Fargo & Company lifted their price target on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Finally, Mizuho lifted their price target on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $76.20.

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.