Mutual of America Capital Management LLC Decreases Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Mutual of America Capital Management LLC lowered its holdings in Regency Centers Co. (NASDAQ:REG) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,115 shares of the company’s stock after selling 625 shares during the period. Mutual of America Capital Management LLC’s holdings in Regency Centers were worth $1,453,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Assenagon Asset Management S.A. grew its position in Regency Centers by 3.3% in the second quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock valued at $295,000 after acquiring an additional 152 shares in the last quarter. Azzad Asset Management Inc. ADV grew its holdings in Regency Centers by 4.3% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock valued at $328,000 after purchasing an additional 189 shares in the last quarter. Tectonic Advisors LLC increased its stake in Regency Centers by 3.0% during the 3rd quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock worth $501,000 after buying an additional 203 shares during the period. Greenleaf Trust lifted its holdings in Regency Centers by 5.5% in the 3rd quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock worth $330,000 after buying an additional 238 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in Regency Centers by 7.6% in the 2nd quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock worth $238,000 after buying an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on REG shares. Mizuho lifted their target price on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Wells Fargo & Company lifted their price objective on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. increased their target price on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. KeyCorp assumed coverage on shares of Regency Centers in a research note on Friday, October 25th. They issued an “overweight” rating and a $80.00 price target for the company. Finally, Truist Financial increased their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $76.92.

Regency Centers Stock Down 0.3 %

Shares of NASDAQ:REG opened at $74.02 on Tuesday. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $75.26. The company’s fifty day moving average is $72.34 and its two-hundred day moving average is $67.93. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 34.75, a price-to-earnings-growth ratio of 4.09 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last issued its earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). The business had revenue of $360.27 million during the quarter, compared to the consensus estimate of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same period in the prior year, the business earned $1.02 EPS. Equities analysts anticipate that Regency Centers Co. will post 4.28 EPS for the current year.

Regency Centers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be paid a dividend of $0.705 per share. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Monday, December 16th. Regency Centers’s dividend payout ratio is presently 125.82%.

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.