Asset Management One Co. Ltd. Grows Stake in Regency Centers Co. (NASDAQ:REG)

Asset Management One Co. Ltd. increased its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 14.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 368,959 shares of the company's stock after acquiring an additional 47,572 shares during the period. Asset Management One Co. Ltd. owned about 0.20% of Regency Centers worth $24,960,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of REG. CVA Family Office LLC bought a new stake in Regency Centers in the fourth quarter valued at approximately $27,000. Glass Jacobson Investment Advisors llc bought a new stake in Regency Centers in the third quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. raised its stake in Regency Centers by 641.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company's stock valued at $27,000 after buying an additional 398 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in Regency Centers in the third quarter valued at approximately $29,000. Finally, Bogart Wealth LLC bought a new stake in Regency Centers in the third quarter valued at approximately $31,000. Institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on REG shares. Wells Fargo & Company started coverage on Regency Centers in a research note on Thursday, February 1st. They set an "overweight" rating and a $70.00 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on Regency Centers in a research note on Tuesday, January 30th. They set a "buy" rating and a $74.00 target price on the stock. Evercore ISI upgraded Regency Centers from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $69.00 to $71.00 in a research note on Monday, January 22nd. Morgan Stanley upgraded Regency Centers from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $62.00 to $75.00 in a research note on Thursday, December 21st. Finally, Truist Financial increased their target price on Regency Centers from $71.00 to $72.00 and gave the stock a "buy" rating in a research note on Tuesday, January 16th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.80.

Regency Centers Price Performance

Shares of REG traded down $0.30 during trading hours on Friday, reaching $58.80. The stock had a trading volume of 905,861 shares, compared to its average volume of 1,077,658. Regency Centers Co. has a 12 month low of $54.72 and a 12 month high of $68.47. The stock has a market capitalization of $10.86 billion, a PE ratio of 28.82, a PEG ratio of 3.89 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 0.85. The company's 50-day moving average is $60.88 and its two-hundred day moving average is $61.79.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Tuesday, March 12th. Regency Centers's payout ratio is 131.37%.

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.