Regency Centers Corporation (NASDAQ:REG) Stock Position Boosted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 386,564 shares of the company's stock after purchasing an additional 5,995 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of Regency Centers worth $28,513,000 at the end of the most recent reporting period.

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

Insider Activity

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm's stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

Regency Centers Stock Performance

REG traded down $0.86 on Thursday, reaching $71.16. The stock had a trading volume of 567,312 shares, compared to its average volume of 1,101,947. The company has a market cap of $12.92 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 3.45 and a beta of 1.05. The business's 50-day moving average price is $70.98 and its two-hundred day moving average price is $71.87. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $78.18.

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

Regency Centers Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on REG shares. Scotiabank cut their price objective 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. Mizuho lowered their price target on Regency Centers from $79.00 to $74.00 and set an "outperform" rating for the company in a report on Thursday, July 17th. Robert W. Baird upped their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Truist Financial upped 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. Finally, Wall Street Zen lowered Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $77.92.

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.