Achmea Investment Management B.V. Increases Stock Position in Regency Centers Corporation (NASDAQ:REG)

Achmea Investment Management B.V. increased its position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 56.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,655 shares of the company's stock after purchasing an additional 5,665 shares during the period. Achmea Investment Management B.V.'s holdings in Regency Centers were worth $1,155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of REG. Norges Bank bought a new stake in Regency Centers in the 4th quarter valued at $1,262,425,000. Invesco Ltd. increased its holdings in Regency Centers by 121.2% in the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock valued at $397,333,000 after acquiring an additional 2,944,854 shares during the last quarter. Northern Trust Corp increased its holdings in Regency Centers by 64.1% in the 4th quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock valued at $205,645,000 after acquiring an additional 1,086,797 shares during the last quarter. Prudential Financial Inc. increased its holdings in Regency Centers by 51.7% in the 4th quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company's stock valued at $159,363,000 after acquiring an additional 734,210 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Regency Centers by 137.2% in the 4th quarter. California Public Employees Retirement System now owns 776,521 shares of the company's stock valued at $57,408,000 after acquiring an additional 449,110 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total value of $301,205.52. Following the completion of the sale, the insider now directly owns 33,069 shares of the company's stock, valued at $2,395,518.36. The trade was a 11.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

REG has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Wall Street Zen upgraded shares of Regency Centers from a "sell" rating to a "hold" rating in a report on Friday. Scotiabank reduced their target price on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Finally, Truist Financial boosted their target price on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and an average target price of $78.08.

Regency Centers Price Performance

NASDAQ:REG remained flat at $70.54 during mid-day trading on Friday. 1,302,167 shares of the company traded hands, compared to its average volume of 1,055,765. The stock has a market cap of $12.81 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 3.44 and a beta of 1.01. Regency Centers Corporation has a one year low of $61.34 and a one year high of $78.18. The stock has a 50 day moving average price of $71.77 and a 200 day moving average price of $72.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.14 by $0.01. The company had revenue of $370.35 million for the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same period in the prior year, the firm posted $1.08 EPS. As a group, research analysts predict that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be given a $0.705 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 annualized dividend and a yield of 4.00%. Regency Centers's dividend payout ratio (DPR) is 133.02%.

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.