Mirae Asset Global Investments Co. Ltd. Has $2.21 Million Position in Regency Centers Corporation (NASDAQ:REG)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 14.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,322 shares of the company's stock after acquiring an additional 3,857 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Regency Centers were worth $2,210,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Teacher Retirement System of Texas purchased a new stake in shares of Regency Centers during the 4th quarter worth about $1,499,000. Janney Montgomery Scott LLC raised its stake in shares of 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 raised its stake in shares of 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. Ameriprise Financial Inc. raised its stake in shares of 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. Finally, CX Institutional purchased a new stake in shares of Regency Centers during the 1st quarter worth about $122,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Performance

Shares of NASDAQ:REG traded down $0.87 during trading on Monday, hitting $69.92. 1,095,582 shares of the stock were exchanged, compared to its average volume of 1,062,713. Regency Centers Corporation has a 1-year low of $61.34 and a 1-year high of $78.18. The company has a market capitalization of $12.69 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 3.45 and a beta of 1.00. The company's fifty day simple moving average is $71.67 and its 200-day simple moving average is $72.07. 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 announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.01. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. The company had revenue of $370.35 million for the quarter, compared to analyst estimates of $364.64 million. During the same quarter last year, the firm earned $1.08 EPS. Sell-side analysts expect that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th were paid a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 4.03%. The ex-dividend date was Wednesday, June 11th. Regency Centers's dividend payout ratio is 133.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Scotiabank cut their price target 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. 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 objective on the stock. Truist Financial raised their price objective on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Wells Fargo & Company cut 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. Finally, Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday. One 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 issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $78.00.

Insider Buying and Selling

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business'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 owned 33,069 shares of the company's stock, valued at $2,395,518.36. The trade was a 11.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Regency Centers 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.