Sumitomo Mitsui DS Asset Management Company Ltd Increases Holdings in Regency Centers Co. (NASDAQ:REG)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Regency Centers Co. (NASDAQ:REG) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,721 shares of the company’s stock after purchasing an additional 2,840 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Regency Centers were worth $3,591,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. PGGM Investments grew its position in shares of Regency Centers by 2,586.9% during the 2nd quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock valued at $103,912,000 after purchasing an additional 1,608,431 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Regency Centers by 10.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock worth $547,995,000 after acquiring an additional 873,062 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Regency Centers by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock valued at $1,749,520,000 after acquiring an additional 830,572 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Regency Centers by 67.0% during the 1st quarter. Russell Investments Group Ltd. now owns 987,147 shares of the company’s stock valued at $59,768,000 after acquiring an additional 395,901 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Regency Centers by 4.2% during the second quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock worth $555,009,000 after purchasing an additional 357,091 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Up 0.8 %

NASDAQ:REG opened at $72.57 on Monday. The firm has a market capitalization of $13.41 billion, a P/E ratio of 35.40, a P/E/G ratio of 4.40 and a beta of 1.21. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average of $71.85 and a 200 day moving average of $65.33. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $75.26.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.48). The firm had revenue of $357.25 million for the quarter, compared to the consensus estimate of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same period last year, the company posted $1.03 earnings per share. On average, research analysts predict that Regency Centers Co. will post 4.24 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given a $0.67 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.69%. Regency Centers’s dividend payout ratio is currently 130.73%.

Wall Street Analyst Weigh In

REG has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Truist Financial upped their target price on shares of Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Compass Point raised their price target on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Scotiabank upped their price objective on Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and raised their price objective for the company from $70.00 to $75.00 in a report on Thursday, September 26th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.20.

Insider Activity

In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the sale, the chairman now owns 307,199 shares in the company, valued at $21,503,930. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the transaction, the vice president now owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the sale, the chairman now owns 307,199 shares in the company, valued at $21,503,930. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

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.