J. Safra Sarasin Holding AG Sells 12,957 Shares of Regency Centers Corporation $REG

J. Safra Sarasin Holding AG reduced its position in shares of Regency Centers Corporation (NASDAQ:REG) by 51.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,009 shares of the company’s stock after selling 12,957 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Regency Centers were worth $875,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Regency Centers during the 2nd quarter worth approximately $31,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Regency Centers during the 3rd quarter worth $33,000. MUFG Securities EMEA plc bought a new stake in shares of Regency Centers during the 2nd quarter valued at $34,000. Financial Consulate Inc. acquired a new position in shares of Regency Centers in the 3rd quarter valued at $38,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Regency Centers by 233.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock worth $41,000 after purchasing an additional 399 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Mizuho reiterated a “neutral” rating and issued a $74.00 price objective (down previously from $77.00) on shares of Regency Centers in a report on Friday, January 9th. Wells Fargo & Company boosted their target price on Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. UBS Group set a $76.00 price target on shares of Regency Centers in a research report on Wednesday, January 14th. Royal Bank Of Canada upgraded shares of Regency Centers to a “sector perform” rating in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $76.00 target price (down previously from $81.00) on shares of Regency Centers in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.69.

Regency Centers Trading Down 1.2%

NASDAQ REG opened at $70.45 on Thursday. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $12.89 billion, a P/E ratio of 32.47, a P/E/G ratio of 2.66 and a beta of 0.93. The stock’s 50-day moving average is $69.68 and its 200-day moving average is $70.71.

Regency Centers (NASDAQ:REG) last posted its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.15. The business had revenue of $387.57 million during the quarter, compared to analysts’ expectations of $374.83 million. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.During the same period in the prior year, the business earned $1.07 EPS. Sell-side analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the completion of the sale, the chairman owned 272,958 shares of the company’s stock, valued at $19,112,519.16. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

About Regency Centers

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.