Capital Investment Advisors LLC Sells 757 Shares of Regency Centers Co. (NASDAQ:REG)

Capital Investment Advisors LLC cut its position in shares of Regency Centers Co. (NASDAQ:REGGet Rating) by 17.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,565 shares of the company’s stock after selling 757 shares during the quarter. Capital Investment Advisors LLC’s holdings in Regency Centers were worth $211,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of REG. Allianz Asset Management GmbH boosted its position in Regency Centers by 14.8% during the fourth quarter. Allianz Asset Management GmbH now owns 198,378 shares of the company’s stock valued at $14,948,000 after purchasing an additional 25,622 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in Regency Centers by 82.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 53,615 shares of the company’s stock valued at $4,040,000 after purchasing an additional 24,225 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Regency Centers by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,797,891 shares of the company’s stock valued at $135,471,000 after purchasing an additional 52,541 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Regency Centers by 517.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 49,400 shares of the company’s stock valued at $3,722,000 after purchasing an additional 41,400 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Regency Centers by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,384,464 shares of the company’s stock valued at $254,451,000 after purchasing an additional 15,716 shares during the last quarter. 90.32% of the stock is currently owned by institutional investors.

Regency Centers Price Performance

Regency Centers stock opened at $58.86 on Tuesday. The stock’s fifty day moving average price is $63.06 and its two-hundred day moving average price is $62.29. Regency Centers Co. has a one year low of $55.78 and a one year high of $78.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $10.15 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 4.18 and a beta of 1.10.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $2.50 dividend on an annualized basis and a yield of 4.25%. Regency Centers’s dividend payout ratio (DPR) is presently 88.34%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Compass Point cut their price objective on Regency Centers from $75.00 to $67.00 and set a “neutral” rating for the company in a research report on Wednesday, June 22nd. Jefferies Financial Group cut their price objective on Regency Centers from $79.00 to $69.00 in a research report on Thursday, June 30th. Evercore ISI raised their price objective on Regency Centers to $72.00 in a research report on Monday, August 15th. Barclays cut their price objective on Regency Centers from $78.00 to $69.00 and set an “equal weight” rating for the company in a research report on Friday, July 15th. Finally, Credit Suisse Group assumed coverage on Regency Centers in a research report on Wednesday, June 22nd. They issued a “neutral” rating and a $56.00 price objective for the company. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of “Hold” and a consensus target price of $69.91.

About Regency Centers

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Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.

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Institutional Ownership by Quarter for Regency Centers (NASDAQ:REG)

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