Amalgamated Bank Sells 2,830 Shares of Regency Centers Co. (NASDAQ:REG)

Amalgamated Bank cut its stake in shares of Regency Centers Co. (NASDAQ:REGGet Rating) by 5.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,262 shares of the company’s stock after selling 2,830 shares during the quarter. Amalgamated Bank’s holdings in Regency Centers were worth $3,800,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its holdings in shares of Regency Centers by 635.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 412 shares of the company’s stock valued at $31,000 after acquiring an additional 356 shares during the period. Private Capital Group LLC raised its holdings in shares of Regency Centers by 103.0% in the first quarter. Private Capital Group LLC now owns 544 shares of the company’s stock valued at $39,000 after buying an additional 276 shares during the last quarter. Eaton Vance Management raised its holdings in shares of Regency Centers by 21.7% in the fourth quarter. Eaton Vance Management now owns 1,656 shares of the company’s stock valued at $47,000 after buying an additional 295 shares during the last quarter. Sentry Investment Management LLC raised its holdings in shares of Regency Centers by 68.0% in the first quarter. Sentry Investment Management LLC now owns 1,097 shares of the company’s stock valued at $78,000 after buying an additional 444 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Regency Centers by 58.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,409 shares of the company’s stock valued at $102,000 after buying an additional 518 shares during the last quarter. 90.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on REG. Deutsche Bank Aktiengesellschaft cut their price target on Regency Centers from $83.00 to $72.00 in a report on Monday, July 11th. Morgan Stanley lifted their price target on Regency Centers from $57.50 to $62.00 and gave the company an “equal weight” rating in a report on Monday, August 29th. Truist Financial lifted their price target on Regency Centers from $67.00 to $75.00 in a report on Monday, August 22nd. Compass Point cut their price target on Regency Centers from $75.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, June 22nd. Finally, Jefferies Financial Group lowered their price objective on Regency Centers from $79.00 to $69.00 in a research report on Thursday, June 30th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $69.91.

Regency Centers Price Performance

Regency Centers stock opened at $55.90 on Thursday. The firm has a market capitalization of $9.64 billion, a P/E ratio of 19.75, a PEG ratio of 4.17 and a beta of 1.10. Regency Centers Co. has a 1 year low of $55.78 and a 1 year high of $78.78. The business has a 50-day moving average of $62.77 and a 200-day moving average of $62.15. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $2.50 annualized dividend and a dividend yield of 4.47%. Regency Centers’s payout ratio is currently 88.34%.

Regency Centers Profile

(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.

Read More

Want to see what other hedge funds are holding REG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regency Centers Co. (NASDAQ:REGGet Rating).

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

Receive News & Ratings for Regency Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers and related companies with MarketBeat.com's FREE daily email newsletter.