Bank of New York Mellon Corp Has $108.99 Million Holdings in Regency Centers Corporation (NASDAQ:REG)

Bank of New York Mellon Corp grew its holdings in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,477,599 shares of the company's stock after buying 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.

A number of other large investors also recently modified their holdings of REG. Wayfinding Financial LLC acquired a new position in Regency Centers during the first quarter worth $25,000. Heck Capital Advisors LLC acquired a new position in shares of Regency Centers during the 4th quarter worth about $26,000. TD Waterhouse Canada Inc. raised its holdings in shares of Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares during the period. Sentry Investment Management LLC bought a new stake in shares of Regency Centers in the 1st quarter valued at about $38,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Regency Centers in the 4th quarter valued at about $39,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company dropped their price objective 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. Barclays assumed 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. 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 report on Monday, May 19th. Scotiabank decreased their price objective 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, Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and an average price target of $78.00.

Regency Centers Price Performance

REG stock traded up $0.24 during midday trading on Thursday, reaching $69.26. The company had a trading volume of 1,060,086 shares, compared to its average volume of 1,066,313. The company has a market capitalization of $12.57 billion, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 3.39 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 1-year low of $61.93 and a 1-year high of $78.18. The stock has a 50 day moving average price of $71.56 and a 200-day moving average price of $72.03.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its 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 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 in the previous year, the company earned $1.08 EPS. Equities research analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

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

Insider Activity

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the sale, the insider directly owned 33,069 shares of the company's stock, valued at $2,395,518.36. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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.