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

DekaBank Deutsche Girozentrale boosted its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 45.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,726 shares of the company's stock after purchasing an additional 36,648 shares during the period. DekaBank Deutsche Girozentrale owned about 0.06% of Regency Centers worth $8,448,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of REG. Wayfinding Financial LLC purchased a new position in shares of Regency Centers during the 1st quarter valued at about $25,000. Heck Capital Advisors LLC purchased a new position in shares of Regency Centers during the 4th quarter valued at about $26,000. TD Waterhouse Canada Inc. lifted its position in shares of Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after buying an additional 487 shares in the last quarter. Sentry Investment Management LLC purchased a new position in shares of Regency Centers during the 1st quarter valued at about $38,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Regency Centers during the 4th quarter valued at about $39,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. 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 note on Monday, May 19th. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Wells Fargo & Company decreased their target price 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 set an "equal weight" rating and a $77.00 target price on the stock. Finally, Scotiabank decreased their target price 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Regency Centers Stock Performance

NASDAQ:REG opened at $69.34 on Friday. 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 $63.29 and a 1 year high of $78.18. The stock's 50 day simple moving average is $71.43 and its two-hundred day simple moving average is $71.96. The company has a market cap of $12.59 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 3.38 and a beta of 1.00.

Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results 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 firm had revenue of $370.35 million for the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. During the same quarter in the previous year, the company posted $1.08 EPS. As a group, equities analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

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

Insider Buying and Selling at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business'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 transaction of $301,205.52. Following the transaction, the insider owned 33,069 shares of the company's stock, 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 SEC, which can be accessed through the SEC website. Corporate 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.

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