OVERSEA CHINESE BANKING Corp Ltd Has $6.19 Million Stock Holdings in Regency Centers Corporation (NASDAQ:REG)

OVERSEA CHINESE BANKING Corp Ltd lowered its holdings in Regency Centers Corporation (NASDAQ:REG - Free Report) by 25.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,886 shares of the company's stock after selling 29,322 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Regency Centers were worth $6,187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in REG. Wayfinding Financial LLC acquired a new stake in Regency Centers in the first quarter valued at $25,000. Heck Capital Advisors LLC acquired a new stake in Regency Centers in the fourth quarter valued at $26,000. TD Waterhouse Canada Inc. lifted its stake in Regency Centers by 48,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after acquiring an additional 487 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in Regency Centers in the first quarter valued at $38,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Regency Centers in the fourth quarter valued at $39,000. Institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Barclays assumed coverage on shares of 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. Scotiabank cut their target price on shares of 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. Mizuho cut their target price on shares of Regency Centers from $79.00 to $74.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.54.

Regency Centers Stock Performance

Regency Centers stock traded down $0.03 during midday trading on Friday, hitting $69.87. The company's stock had a trading volume of 473,394 shares, compared to its average volume of 1,063,991. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The company has a 50-day moving average price of $71.22 and a two-hundred day moving average price of $71.83. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 32.97, 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 EPS for the quarter, beating the consensus estimate of $1.14 by $0.01. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. The firm had revenue of $370.35 million for the quarter, compared to analyst estimates of $364.64 million. During the same period last year, the firm earned $1.08 EPS. As a group, sell-side analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th were issued a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 4.04%. The ex-dividend date was Wednesday, June 11th. Regency Centers's dividend payout ratio is currently 133.02%.

Insider Buying and Selling

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 value of $301,205.52. Following the transaction, the insider directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.