Regency Centers Corporation (NASDAQ:REG) Stock Holdings Lifted by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lifted its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 145,724 shares of the company's stock after purchasing an additional 4,734 shares during the period. Cullen Frost Bankers Inc. owned about 0.08% of Regency Centers worth $10,749,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. State of Wyoming raised its stake in Regency Centers by 11.3% during the fourth quarter. State of Wyoming now owns 1,543 shares of the company's stock worth $114,000 after acquiring an additional 157 shares during the period. Crossmark Global Holdings Inc. raised its stake in Regency Centers by 1.7% during the first quarter. Crossmark Global Holdings Inc. now owns 9,627 shares of the company's stock worth $710,000 after acquiring an additional 160 shares during the period. Brown Advisory Inc. raised its stake in Regency Centers by 0.3% during the first quarter. Brown Advisory Inc. now owns 71,345 shares of the company's stock worth $5,262,000 after acquiring an additional 196 shares during the period. Farther Finance Advisors LLC raised its stake in Regency Centers by 27.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock worth $74,000 after acquiring an additional 219 shares during the period. Finally, IFM Investors Pty Ltd raised its stake in Regency Centers by 0.3% during the first quarter. IFM Investors Pty Ltd now owns 73,926 shares of the company's stock worth $5,340,000 after acquiring an additional 236 shares during the period. Institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Barclays assumed coverage on shares of Regency Centers in a research note on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price target on the stock. Mizuho cut their price target on Regency Centers from $79.00 to $74.00 and set an "outperform" rating on the stock in a report on Thursday. Truist Financial lifted their price target on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a report on Monday, May 19th. Finally, Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. One 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 company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $77.54.

Insider Buying and Selling

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Regency Centers Price Performance

NASDAQ:REG traded down $0.03 during midday trading on Friday, hitting $69.87. 979,563 shares of the stock were exchanged, compared to its average volume of 1,065,956. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 32.96, a P/E/G ratio of 3.38 and a beta of 1.00. The business 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 current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.15 EPS 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 firm had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. During the same quarter in the previous year, the company earned $1.08 earnings per share. Sell-side analysts predict that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

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

About Regency Centers

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.