Regency Centers Corporation (NASDAQ:REG) Holdings Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,477,599 shares of the company's stock after purchasing an additional 9,619 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.81% of Regency Centers worth $108,988,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas purchased a new stake in Regency Centers during the 4th quarter worth about $1,499,000. Mirae Asset Global Investments Co. Ltd. increased its position in Regency Centers by 14.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,322 shares of the company's stock worth $2,210,000 after purchasing an additional 3,857 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Regency Centers by 7.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company's stock worth $317,000 after purchasing an additional 283 shares in the last quarter. Farther Finance Advisors LLC increased its position in Regency Centers by 43.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,435 shares of the company's stock worth $106,000 after purchasing an additional 432 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Regency Centers by 8.6% during the 4th quarter. Ameriprise Financial Inc. now owns 59,776 shares of the company's stock worth $4,431,000 after purchasing an additional 4,734 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the transaction, the insider directly owned 33,069 shares of the company's stock, valued at $2,395,518.36. This represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

REG has been the subject of a number of recent research reports. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Wells Fargo & Company decreased their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Scotiabank decreased their price target on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Truist Financial raised their price target on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, Barclays started coverage on Regency Centers in a research note on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price target on the stock. One research 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. According to data from MarketBeat.com, Regency Centers presently has an average rating of "Moderate Buy" and an average target price of $78.00.

Regency Centers Trading Down 0.2%

Shares of NASDAQ REG traded down $0.12 during midday trading on Friday, hitting $69.15. The stock had a trading volume of 241,393 shares, compared to its average volume of 1,062,821. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 3.36 and a beta of 1.00. Regency Centers Corporation has a 1-year low of $62.92 and a 1-year high of $78.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. The company has a fifty day moving average price of $71.50 and a 200 day moving average price of $72.00.

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

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th were given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend was Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

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.