Regency Centers Co. (NASDAQ:REG) Shares Purchased by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 26.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 112,333 shares of the company's stock after purchasing an additional 23,458 shares during the quarter. Cullen Frost Bankers Inc. owned 0.06% of Regency Centers worth $7,526,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in REG. Retirement Systems of Alabama lifted its holdings in Regency Centers by 1.5% in the 3rd quarter. Retirement Systems of Alabama now owns 130,908 shares of the company's stock worth $7,781,000 after buying an additional 1,917 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Regency Centers by 5.7% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 32,817 shares of the company's stock valued at $1,951,000 after acquiring an additional 1,775 shares in the last quarter. NewEdge Wealth LLC purchased a new position in Regency Centers during the 4th quarter valued at $275,000. International Assets Investment Management LLC raised its holdings in Regency Centers by 6,591.3% in the 4th quarter. International Assets Investment Management LLC now owns 16,862 shares of the company's stock worth $1,130,000 after purchasing an additional 16,610 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Regency Centers by 165.6% in the 3rd quarter. Barclays PLC now owns 711,096 shares of the company's stock worth $42,267,000 after purchasing an additional 443,407 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Price Performance

REG stock traded up $0.65 during midday trading on Thursday, hitting $59.32. The company's stock had a trading volume of 579,677 shares, compared to its average volume of 1,255,291. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 0.64. Regency Centers Co. has a 12 month low of $54.72 and a 12 month high of $68.47. The company has a 50 day moving average of $59.65 and a two-hundred day moving average of $61.69. The firm has a market capitalization of $10.96 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 3.88 and a beta of 1.16.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.52%. Regency Centers's dividend payout ratio is 130.73%.

Wall Street Analyst Weigh In

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

Regency Centers Company 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.