Commerce Bank acquired a new stake in Regency Centers Corporation (NASDAQ:REG – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,787 shares of the company’s stock, valued at approximately $621,000.
A number of other institutional investors have also modified their holdings of REG. M&T Bank Corp grew its position in shares of Regency Centers by 168.6% in the 4th quarter. M&T Bank Corp now owns 25,931 shares of the company’s stock worth $1,791,000 after acquiring an additional 16,277 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Regency Centers by 3.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 311,562 shares of the company’s stock valued at $21,507,000 after acquiring an additional 10,745 shares in the last quarter. Legal & General Group Plc raised its position in shares of Regency Centers by 2.8% during the 4th quarter. Legal & General Group Plc now owns 1,705,024 shares of the company’s stock valued at $117,698,000 after acquiring an additional 46,438 shares in the last quarter. F m Investments LLC acquired a new stake in shares of Regency Centers during the 4th quarter valued at approximately $1,128,000. Finally, Norges Bank bought a new position in Regency Centers during the fourth quarter worth $1,183,667,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.
Regency Centers Trading Down 0.4%
NASDAQ:REG opened at $76.38 on Thursday. The firm has a market capitalization of $13.99 billion, a P/E ratio of 25.89, a P/E/G ratio of 3.21 and a beta of 0.80. The business has a 50 day simple moving average of $79.18 and a 200 day simple moving average of $78.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 1.25. Regency Centers Corporation has a 12-month low of $66.86 and a 12-month high of $83.66.
Regency Centers Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 11th. Regency Centers’s payout ratio is presently 102.37%.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. BTIG Research reiterated a “buy” rating and set a $85.00 target price on shares of Regency Centers in a research note on Friday, June 12th. LADENBURG THALM/SH SH increased their target price on shares of Regency Centers from $83.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Argus set a $85.00 price target on shares of Regency Centers in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a report on Friday, May 29th. Finally, Barclays boosted their price objective on shares of Regency Centers from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.82.
Get Our Latest Research Report on Regency Centers
Insider Buying and Selling
In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the transaction, the insider owned 17,990 shares in the company, valued at approximately $1,441,718.60. This represents a 6.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.
Regency Centers Company Profile
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.
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