Heartland Bank & Trust Co acquired a new position in shares of Regency Centers Co. (NASDAQ:REG – Get Rating) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,186 shares of the company’s stock, valued at approximately $370,000.
A number of other hedge funds have also made changes to their positions in the stock. DNB Asset Management AS grew its holdings in Regency Centers by 6.3% during the first quarter. DNB Asset Management AS now owns 34,916 shares of the company’s stock worth $2,491,000 after acquiring an additional 2,067 shares during the period. Norges Bank purchased a new stake in Regency Centers during the fourth quarter worth $1,219,112,000. JustInvest LLC boosted its position in Regency Centers by 44.6% during the fourth quarter. JustInvest LLC now owns 13,996 shares of the company’s stock worth $1,055,000 after purchasing an additional 4,320 shares in the last quarter. BlackRock Inc. boosted its position in Regency Centers by 3.8% during the fourth quarter. BlackRock Inc. now owns 17,670,922 shares of the company’s stock worth $1,331,505,000 after purchasing an additional 647,092 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its position in Regency Centers by 4.0% during the fourth quarter. Vident Investment Advisory LLC now owns 56,270 shares of the company’s stock worth $4,241,000 after purchasing an additional 2,140 shares in the last quarter. 91.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:REG opened at $58.65 on Thursday. The firm has a market capitalization of $10.11 billion, a PE ratio of 21.10, a P/E/G ratio of 5.51 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.19 and a quick ratio of 1.19. The business has a 50-day moving average of $66.21 and a two-hundred day moving average of $69.12. Regency Centers Co. has a 12 month low of $55.78 and a 12 month high of $78.78.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 6th. Stockholders of record on Wednesday, June 15th will be paid a $0.625 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 4.26%. Regency Centers’s dividend payout ratio (DPR) is currently 89.93%.
A number of analysts have commented on the company. Compass Point decreased their target price on Regency Centers from $75.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday. Morgan Stanley decreased their target price on Regency Centers from $73.00 to $67.50 and set an “equal weight” rating on the stock in a research report on Thursday, March 3rd. Credit Suisse Group assumed coverage on Regency Centers in a research report on Wednesday. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on Regency Centers from $92.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, March 31st. Finally, Truist Financial reduced their price objective on Regency Centers from $78.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $72.45.
About Regency Centers (Get Rating)
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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