Regency Centers Corporation (NASDAQ:REG) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 0.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,477,599 shares of the company's stock after acquiring an additional 9,619 shares during the period. Bank of New York Mellon Corp owned about 0.81% of Regency Centers worth $108,988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of REG. Norges Bank bought a new stake in Regency Centers during the 4th quarter valued at $1,262,425,000. JPMorgan Chase & Co. raised its position in Regency Centers by 0.5% during the 4th quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company's stock valued at $823,711,000 after purchasing an additional 51,424 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Regency Centers by 1.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company's stock valued at $771,859,000 after purchasing an additional 171,047 shares in the last quarter. Invesco Ltd. raised its position in Regency Centers by 121.2% during the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock valued at $397,333,000 after purchasing an additional 2,944,854 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Regency Centers by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,568,525 shares of the company's stock valued at $336,955,000 after purchasing an additional 86,644 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Regency Centers Stock Up 0.1%

REG stock traded up $0.08 on Friday, hitting $69.34. 1,380,379 shares of the company's stock were exchanged, compared to its average volume of 1,066,088. Regency Centers Corporation has a 12-month low of $63.29 and a 12-month high of $78.18. The firm has a 50 day moving average price of $71.43 and a two-hundred day moving average price of $71.96. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $12.59 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 3.38 and a beta of 1.00.

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

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.705 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.82 annualized dividend and a yield of 4.07%. Regency Centers's payout ratio is presently 133.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Scotiabank decreased their target price on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Truist Financial lifted their target price on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Barclays began coverage on Regency Centers in a research report on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 target price for the company. Finally, Wells Fargo & Company cut their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $78.00.

Insiders Place Their Bets

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 stock was 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 in the company, valued at approximately $2,395,518.36. The trade was a 11.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company's stock.

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.