Regency Centers Co. (NASDAQ:REG) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. lifted its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 329.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,598 shares of the company's stock after purchasing an additional 15,800 shares during the quarter. APG Asset Management N.V.'s holdings in Regency Centers were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Regency Centers by 18.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 312,155 shares of the company's stock worth $18,904,000 after purchasing an additional 49,188 shares during the last quarter. FORA Capital LLC increased its position in Regency Centers by 493.7% during the first quarter. FORA Capital LLC now owns 25,061 shares of the company's stock valued at $1,518,000 after acquiring an additional 20,840 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Regency Centers by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company's stock valued at $547,995,000 after purchasing an additional 873,062 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Regency Centers by 14.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 116,726 shares of the company's stock worth $6,998,000 after purchasing an additional 14,410 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Regency Centers by 5.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 309,182 shares of the company's stock worth $18,725,000 after buying an additional 15,621 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Insider Activity

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the firm's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the transaction, the vice president now owns 13,010 shares of the company's stock, valued at approximately $905,105.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the sale, the vice president now directly owns 13,010 shares of the company's stock, valued at $905,105.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Regency Centers Trading Down 0.1 %

NASDAQ REG traded down $0.06 during trading hours on Tuesday, hitting $72.17. 864,931 shares of the company were exchanged, compared to its average volume of 1,123,358. The stock has a 50-day moving average price of $71.04 and a 200 day moving average price of $64.30. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 52 week low of $56.29 and a 52 week high of $75.26. The stock has a market cap of $13.34 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 4.52 and a beta of 1.21.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.02 by ($0.48). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The firm had revenue of $357.25 million during the quarter, compared to analysts' expectations of $361.56 million. During the same period last year, the company earned $1.03 earnings per share. Analysts forecast that Regency Centers Co. will post 4.23 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers's dividend payout ratio (DPR) is presently 130.73%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a "buy" rating to a "hold" rating and lifted their target price for the company from $70.00 to $75.00 in a research report on Thursday, September 26th. Truist Financial boosted their price objective on Regency Centers from $70.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, August 16th. Mizuho increased their target price on shares of Regency Centers from $67.00 to $73.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. JPMorgan Chase & Co. increased their target price on shares of Regency Centers from $71.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, August 8th. Finally, Wells Fargo & Company increased their target price on shares of Regency Centers from $69.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $76.20.

Regency Centers Company Profile

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.