Swiss National Bank Cuts Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Swiss National Bank trimmed its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 518,128 shares of the company's stock after selling 16,500 shares during the quarter. Swiss National Bank owned about 0.28% of Regency Centers worth $34,715,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in REG. Commonwealth Equity Services LLC boosted its stake in shares of Regency Centers by 9.4% in the third quarter. Commonwealth Equity Services LLC now owns 6,518 shares of the company's stock worth $387,000 after acquiring an additional 558 shares during the period. Raymond James & Associates grew its holdings in Regency Centers by 26.4% during the 3rd quarter. Raymond James & Associates now owns 121,958 shares of the company's stock valued at $7,249,000 after buying an additional 25,474 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Regency Centers during the third quarter valued at approximately $374,000. Stratos Wealth Partners LTD. purchased a new position in shares of Regency Centers in the third quarter worth $289,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Regency Centers by 2.4% during the third quarter. Bank of New York Mellon Corp now owns 1,555,050 shares of the company's stock worth $92,432,000 after acquiring an additional 35,770 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Regency Centers Trading Down 1.3 %

Shares of Regency Centers stock traded down $0.77 on Wednesday, hitting $58.67. 1,006,655 shares of the company traded hands, compared to its average volume of 1,261,073. Regency Centers Co. has a 52 week low of $54.72 and a 52 week high of $68.47. The company has a market cap of $10.84 billion, a PE ratio of 28.62, a PEG ratio of 3.88 and a beta of 1.16. The stock's 50 day moving average price is $59.69 and its 200-day moving average price is $61.71. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $2.68 annualized dividend and a dividend yield of 4.57%. Regency Centers's dividend payout ratio is currently 130.73%.

Wall Street Analyst Weigh In

Several analysts have commented on REG shares. Truist Financial boosted their price target on shares of Regency Centers from $71.00 to $72.00 and gave the stock a "buy" rating in a research note on Tuesday, January 16th. Wells Fargo & Company assumed coverage on Regency Centers in a report on Thursday, February 1st. They set an "overweight" rating and a $70.00 price objective on the stock. Evercore ISI raised shares of Regency Centers from an "in-line" rating to an "outperform" rating and upped their price target for the company from $69.00 to $71.00 in a research note on Monday, January 22nd. Mizuho began coverage on shares of Regency Centers in a research note on Thursday, April 18th. They issued a "neutral" rating and a $60.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Regency Centers in a research report on Tuesday, January 30th. They set a "buy" rating and a $74.00 target price on the stock. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.73.

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.