DekaBank Deutsche Girozentrale Grows Holdings in Regency Centers Corporation (NASDAQ:REG)

DekaBank Deutsche Girozentrale raised its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 45.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,726 shares of the company's stock after buying an additional 36,648 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.06% of Regency Centers worth $8,448,000 at the end of the most recent quarter.

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

Regency Centers Stock Performance

REG traded down $1.31 during midday trading on Tuesday, reaching $68.62. The company had a trading volume of 937,047 shares, compared to its average volume of 1,064,638. The business has a 50-day moving average price of $71.37 and a two-hundred day moving average price of $71.90. The stock has a market cap of $12.46 billion, a PE ratio of 32.37, a P/E/G ratio of 3.38 and a beta of 1.00. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $78.18. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. The business 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 quarter last year, the firm posted $1.08 EPS. On average, sell-side analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal 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 issued a $0.705 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $2.82 annualized dividend and a yield of 4.11%. Regency Centers's dividend payout ratio is currently 133.02%.

Analysts Set New Price Targets

Several research firms have recently weighed in on REG. Wells Fargo & Company lowered their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Barclays initiated coverage on shares of Regency Centers in a report on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price target on the stock. Scotiabank dropped 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. Truist Financial upped 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. Finally, Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Regency Centers presently has an average rating of "Moderate Buy" and an average price target of $78.00.

Insider Activity at Regency Centers

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

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.