Principal Financial Group Inc. Sells 106,751 Shares of Regency Centers Co. (NASDAQ:REG)

Principal Financial Group Inc. cut its holdings in Regency Centers Co. (NASDAQ:REG) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,816,237 shares of the company’s stock after selling 106,751 shares during the quarter. Principal Financial Group Inc. owned about 4.86% of Regency Centers worth $636,792,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Fidelis Capital Partners LLC acquired a new stake in shares of Regency Centers in the 1st quarter valued at about $27,000. Quest Partners LLC raised its position in Regency Centers by 25,250.0% in the 2nd quarter. Quest Partners LLC now owns 507 shares of the company’s stock valued at $32,000 after buying an additional 505 shares during the last quarter. Family Firm Inc. bought a new stake in Regency Centers in the 2nd quarter valued at approximately $44,000. Blue Trust Inc. boosted its position in Regency Centers by 582.1% during the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after acquiring an additional 716 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Regency Centers during the 1st quarter worth approximately $52,000. 96.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on REG. Compass Point lifted their target price on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Robert W. Baird increased their price target on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Raymond James increased their price target on Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Truist Financial increased their price target on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Scotiabank increased their price target on Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Regency Centers presently has an average rating of “Buy” and an average price target of $76.92.

Insider Activity

In other news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction on Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the transaction, the vice president now owns 13,010 shares in the company, valued at approximately $905,105.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

NASDAQ:REG opened at $72.82 on Thursday. The stock has a market cap of $13.22 billion, a P/E ratio of 34.19, a PEG ratio of 4.50 and a beta of 1.21. The stock has a 50 day simple moving average of $72.20 and a 200 day simple moving average of $66.48. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $75.26.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. The company had revenue of $360.27 million for the quarter, compared to the consensus estimate of $355.17 million. During the same quarter last year, the business earned $1.02 EPS. Research analysts anticipate 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.