Achmea Investment Management B.V. Buys 5,665 Shares of Regency Centers Corporation (NASDAQ:REG)

Achmea Investment Management B.V. raised its holdings in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 56.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,655 shares of the company's stock after buying 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.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Regency Centers by 3.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,467,980 shares of the company's stock worth $108,528,000 after buying an additional 45,514 shares during the period. National Pension Service bought a new stake in Regency Centers during the fourth quarter valued at about $27,000. Proficio Capital Partners LLC boosted its position in Regency Centers by 8,012.2% during the fourth quarter. Proficio Capital Partners LLC now owns 271,841 shares of the company's stock valued at $20,097,000 after purchasing an additional 268,490 shares in the last quarter. QRG Capital Management Inc. grew its stake in Regency Centers by 8.6% in the fourth quarter. QRG Capital Management Inc. now owns 78,967 shares of the company's stock valued at $5,838,000 after purchasing an additional 6,240 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Regency Centers by 4.3% in the fourth quarter. US Bancorp DE now owns 8,383 shares of the company's stock worth $620,000 after purchasing an additional 347 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on REG shares. Barclays began coverage on Regency Centers in a research report on Wednesday. They set an "equal weight" rating and a $77.00 price target on the stock. Wall Street Zen upgraded Regency Centers from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Scotiabank reduced their target price on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. Truist Financial lifted their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company cut their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $78.00.

Regency Centers Trading Down 0.7%

Regency Centers stock traded down $0.51 during trading on Wednesday, reaching $70.60. 872,103 shares of the company were exchanged, compared to its average volume of 1,058,631. The stock's 50 day simple moving average is $71.76 and its two-hundred day simple moving average is $72.18. The company has a market capitalization of $12.82 billion, a P/E ratio of 33.34, a PEG ratio of 3.47 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. Regency Centers Corporation has a 52-week low of $61.34 and a 52-week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. The business had revenue of $370.35 million during the quarter, compared to analysts' expectations 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 last year, the business earned $1.08 earnings per share. On average, equities research analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Insiders Place Their Bets

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the sale, the insider owned 33,069 shares of the company's stock, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

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.