Robeco Institutional Asset Management B.V. Buys 276,174 Shares of Regency Centers Corporation (NASDAQ:REG)

Robeco Institutional Asset Management B.V. lifted its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 164.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 443,723 shares of the company's stock after acquiring an additional 276,174 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.24% of Regency Centers worth $32,729,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in Regency Centers in the fourth quarter valued at $1,262,425,000. Invesco Ltd. grew its position in Regency Centers by 121.2% in the fourth quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock valued at $397,333,000 after purchasing an additional 2,944,854 shares in the last quarter. Northern Trust Corp grew its position in Regency Centers by 64.1% in the fourth quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock valued at $205,645,000 after purchasing an additional 1,086,797 shares in the last quarter. Prudential Financial Inc. grew its position in Regency Centers by 51.7% in the fourth quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company's stock valued at $159,363,000 after purchasing an additional 734,210 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Regency Centers by 137.2% in the fourth quarter. California Public Employees Retirement System now owns 776,521 shares of the company's stock valued at $57,408,000 after purchasing an additional 449,110 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

Insiders Place Their Bets

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers 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 completion of the sale, the insider now owns 33,069 shares in the company, valued at $2,395,518.36. The trade was a 11.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company's stock.

Regency Centers Stock Performance

NASDAQ REG opened at $70.54 on Friday. The firm has a 50-day moving average of $71.77 and a 200-day moving average of $72.25. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $12.81 billion, a PE ratio of 33.27, a P/E/G ratio of 3.44 and a beta of 1.01. Regency Centers Corporation has a 52-week low of $61.34 and a 52-week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.01. The company had revenue of $370.35 million during the quarter, compared to analysts' expectations of $364.64 million. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same quarter last year, the company posted $1.08 EPS. On average, sell-side analysts anticipate that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be paid a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 4.00%. The ex-dividend date is Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Analyst Ratings Changes

REG has been the subject of a number of recent analyst reports. Truist Financial increased their price target on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Scotiabank cut their price target 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. Wells Fargo & Company cut their price target on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Finally, Wall Street Zen upgraded shares of Regency Centers from a "sell" rating to a "hold" rating in a research note on Friday. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of "Moderate Buy" and an average target price of $78.08.

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.

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