Regency Centers Co. (NASDAQ:REG) Shares Bought by Greenleaf Trust

Greenleaf Trust increased its position in Regency Centers Co. (NASDAQ:REG) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,429 shares of the company’s stock after buying an additional 170 shares during the quarter. Greenleaf Trust’s holdings in Regency Centers were worth $297,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Regency Centers by 6.2% in the third quarter. Vanguard Group Inc. now owns 28,378,732 shares of the company’s stock valued at $1,686,832,000 after buying an additional 1,645,784 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Regency Centers by 1.2% in the third quarter. Principal Financial Group Inc. now owns 7,330,089 shares of the company’s stock valued at $435,697,000 after buying an additional 90,051 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Regency Centers by 22.0% in the third quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company’s stock valued at $317,914,000 after buying an additional 964,488 shares during the period. Invesco Ltd. raised its position in shares of Regency Centers by 115.7% during the third quarter. Invesco Ltd. now owns 4,852,979 shares of the company’s stock worth $288,461,000 after purchasing an additional 2,603,320 shares during the period. Finally, FMR LLC raised its position in shares of Regency Centers by 10.5% during the third quarter. FMR LLC now owns 4,077,220 shares of the company’s stock worth $242,350,000 after purchasing an additional 388,148 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Up 1.5 %

NASDAQ:REG opened at $60.08 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. Regency Centers Co. has a 1-year low of $54.72 and a 1-year high of $68.47. The business’s fifty day moving average price is $60.01 and its 200 day moving average price is $61.73. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 3.90 and a beta of 1.16.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 4.46%. The ex-dividend date was Tuesday, March 12th. Regency Centers’s payout ratio is currently 131.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Truist Financial boosted their target price on Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Mizuho assumed coverage on Regency Centers in a research report on Thursday, April 18th. They set a “neutral” rating and a $60.00 target price on the stock. Wells Fargo & Company assumed coverage on Regency Centers in a research report on Thursday, February 1st. They set an “overweight” rating and a $70.00 target price on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Regency Centers in a research report on Tuesday, January 30th. They set a “buy” rating and a $74.00 target price on the stock. Finally, Evercore ISI raised Regency Centers from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $69.00 to $71.00 in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.73.

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.