Regency Centers Corporation (NASDAQ:REG) Position Boosted by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in Regency Centers Corporation (NASDAQ:REG - Free Report) by 1,815.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,121 shares of the company's stock after purchasing an additional 7,697 shares during the quarter. Federated Hermes Inc.'s holdings in Regency Centers were worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in shares of Regency Centers in the first quarter worth approximately $25,000. Heck Capital Advisors LLC acquired a new stake in Regency Centers in the fourth quarter valued at approximately $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 approximately $38,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Regency Centers in the fourth quarter valued at approximately $39,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on REG shares. Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Scotiabank reduced 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. Truist Financial lifted their price target on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Evercore ISI lifted their price target on shares of Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. Finally, Barclays assumed coverage on shares of Regency Centers in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $77.92.

Insider Transactions at Regency Centers

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

Regency Centers Stock Down 0.9%

REG opened at $72.54 on Friday. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.01. The firm's fifty day moving average price is $70.97 and its two-hundred day moving average price is $71.86. The company has a market capitalization of $13.17 billion, a P/E ratio of 33.90, a P/E/G ratio of 3.51 and a beta of 1.05.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating 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 company had revenue of $369.85 million for the quarter, compared to the consensus estimate of $366.35 million. During the same quarter in the previous year, the company earned $1.06 EPS. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.705 per share. The ex-dividend date is Thursday, September 11th. This represents a $2.82 annualized dividend and a yield of 3.9%. Regency Centers's dividend payout ratio is 131.78%.

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.

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