Van ECK Associates Corp Grows Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Van ECK Associates Corp lifted its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 11.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,755 shares of the company's stock after buying an additional 7,802 shares during the quarter. Van ECK Associates Corp's holdings in Regency Centers were worth $5,616,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Regency Centers by 3.0% in the first quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company's stock worth $1,749,520,000 after purchasing an additional 830,572 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Regency Centers by 10.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company's stock worth $547,995,000 after acquiring an additional 873,062 shares in the last quarter. Principal Financial Group Inc. increased its stake in Regency Centers by 4.2% during the 2nd quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company's stock valued at $555,009,000 after purchasing an additional 357,091 shares in the last quarter. Boston Partners raised its holdings in Regency Centers by 4.1% in the first quarter. Boston Partners now owns 4,192,951 shares of the company's stock worth $253,902,000 after buying an additional 166,354 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Regency Centers by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company's stock worth $164,327,000 after buying an additional 117,368 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Stock Performance

Regency Centers stock traded up $0.46 during trading on Friday, reaching $74.33. The company had a trading volume of 329,425 shares, compared to its average volume of 1,089,900. The firm has a market capitalization of $13.49 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 4.51 and a beta of 1.21. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The firm's 50-day simple moving average is $72.27 and its 200 day simple moving average is $66.57. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $75.26.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.50). The company had revenue of $360.27 million for the quarter, compared to analysts' expectations of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same period in the previous year, the firm earned $1.02 earnings per share. Sell-side analysts forecast that Regency Centers Co. will post 4.26 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.79%. This is an increase from Regency Centers's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Monday, December 16th. Regency Centers's dividend payout ratio (DPR) is presently 125.82%.

Analyst Ratings Changes

Several analysts have commented on REG shares. Raymond James increased their target price on Regency Centers from $67.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft lowered Regency Centers from a "buy" rating to a "hold" rating and boosted their target price for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. Mizuho raised their price target on shares of Regency Centers from $67.00 to $73.00 and gave the company an "outperform" rating in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their price objective on shares of Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a report on Monday. Finally, Truist Financial raised their target price on shares of Regency Centers from $70.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Regency Centers has an average rating of "Buy" and a consensus target price of $76.92.

Insider Buying and Selling

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction that occurred on 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Regency Centers 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.