Regency Centers Corporation (NASDAQ:REG) Shares Bought by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its holdings in Regency Centers Corporation by 37.7%, acquiring an additional 306,464 shares, bringing its total ownership to over 1.1 million shares valued at approximately $82.58 million.
• Regency Centers declared a quarterly dividend of $0.705, which is set to be paid on October 2nd, reflecting an annualized dividend yield of 3.9%.
• Equity analysts maintain a consensus rating of "Moderate Buy" for Regency Centers, with varying target prices ranging from $74.00 to $80.00.

Deutsche Bank AG increased its holdings in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 37.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,119,554 shares of the company's stock after purchasing an additional 306,464 shares during the quarter. Deutsche Bank AG owned 0.62% of Regency Centers worth $82,578,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Regency Centers by 1.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company's stock valued at $771,859,000 after acquiring an additional 171,047 shares in the last quarter. Northern Trust Corp grew its position in Regency Centers by 64.1% in the fourth quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock valued at $205,645,000 after acquiring an additional 1,086,797 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Regency Centers by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,692,029 shares of the company's stock valued at $199,019,000 after acquiring an additional 20,497 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Regency Centers by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,348,185 shares of the company's stock valued at $173,202,000 after acquiring an additional 19,675 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Regency Centers by 2.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,132,494 shares of the company's stock valued at $157,655,000 after buying an additional 56,741 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on REG shares. Robert W. Baird increased their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Evercore ISI increased their target price on Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. Scotiabank reduced their target price on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. Finally, Barclays started coverage on Regency Centers in a research note on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.92.

Regency Centers Stock Performance

REG traded down $0.86 during trading hours on Thursday, hitting $71.16. 567,312 shares of the stock were exchanged, compared to its average volume of 1,101,947. The stock has a 50-day simple moving average of $70.98 and a 200-day simple moving average of $71.87. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 3.45 and a beta of 1.05. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. The company had revenue of $369.85 million for the quarter, compared to analysts' expectations of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $1.06 earnings per share. Analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Thursday, September 11th. Regency Centers's dividend payout ratio (DPR) is presently 131.78%.

Insider Transactions at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm's stock in a transaction 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 sale, the insider directly owned 33,069 shares in the company, valued at approximately $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 can be accessed through this link. 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.