Ballentine Partners LLC Invests $210,000 in Regency Centers Co. (NASDAQ:REG)

Ballentine Partners LLC purchased a new position in shares of Regency Centers Co. (NASDAQ:REG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,906 shares of the company’s stock, valued at approximately $210,000.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on REG shares. Truist Financial boosted their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. Mizuho increased their price target on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Raymond James increased their price target on shares of Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Compass Point increased their price target on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Regency Centers presently has a consensus rating of “Moderate Buy” and an average target price of $76.55.

Insider Transactions at Regency Centers

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

Regency Centers Price Performance

NASDAQ:REG opened at $72.43 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $75.26. The firm has a market cap of $13.15 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 4.42 and a beta of 1.21. The firm’s 50-day simple moving average is $72.09 and its 200 day simple moving average is $65.97.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results 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 27.60% and a return on equity of 5.63%. The company had revenue of $360.27 million for the quarter, compared to the consensus estimate of $355.17 million. During the same period last year, the firm posted $1.02 earnings per share. As a group, sell-side analysts predict that Regency Centers Co. will post 4.24 earnings per share for the current year.

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.