Regency Centers Co. (NASDAQ:REG) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 731,045 shares of the company's stock after purchasing an additional 57,020 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.40% of Regency Centers worth $54,046,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in Regency Centers by 1.1% during the third quarter. State Street Corp now owns 11,768,052 shares of the company's stock worth $857,892,000 after purchasing an additional 131,300 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Regency Centers by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock worth $801,056,000 after purchasing an additional 435,932 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Regency Centers by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company's stock worth $167,034,000 after purchasing an additional 71,278 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Regency Centers by 1,138.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company's stock worth $149,932,000 after purchasing an additional 1,908,153 shares during the last quarter. Finally, abrdn plc raised its holdings in Regency Centers by 27.7% during the fourth quarter. abrdn plc now owns 478,931 shares of the company's stock worth $35,182,000 after purchasing an additional 103,872 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Trading Down 3.5 %

REG stock traded down $2.66 during trading on Friday, reaching $72.34. 1,270,187 shares of the stock traded hands, compared to its average volume of 946,160. The business's 50 day moving average price is $72.79 and its 200-day moving average price is $72.42. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $76.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $13.13 billion, a PE ratio of 34.12, a P/E/G ratio of 3.77 and a beta of 1.21.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.61. Regency Centers had a return on equity of 5.89% and a net margin of 27.54%. As a group, sell-side analysts forecast that Regency Centers Co. will post 4.49 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Analysts Set New Price Targets

REG has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on Regency Centers from $77.00 to $80.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Robert W. Baird boosted their price target on Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Evercore ISI cut their price target on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Wells Fargo & Company cut their price target on Regency Centers from $81.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Finally, BTIG Research boosted their price target on Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $78.08.

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.