Elo Mutual Pension Insurance Co Has $1.06 Million Stock Position in Regency Centers Co. (NASDAQ:REG)

Elo Mutual Pension Insurance Co increased its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 6.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,006 shares of the company’s stock after purchasing an additional 984 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Regency Centers were worth $1,058,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. PGGM Investments grew its stake in Regency Centers by 2,586.9% in the second quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock valued at $103,912,000 after acquiring an additional 1,608,431 shares during the period. Principal Financial Group Inc. grew its stake in Regency Centers by 16.5% in the first quarter. Principal Financial Group Inc. now owns 8,565,897 shares of the company’s stock valued at $518,751,000 after acquiring an additional 1,210,906 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Regency Centers by 10.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock valued at $547,995,000 after acquiring an additional 873,062 shares during the period. Vanguard Group Inc. grew its stake in Regency Centers by 3.0% in the first 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 period. Finally, Russell Investments Group Ltd. grew its stake in Regency Centers by 67.0% in the first 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 period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on REG shares. Mizuho raised their price objective on Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Raymond James lifted their target price on Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. lifted their target price on Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Truist Financial lifted their target price on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Compass Point lifted their target price on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and an average price target of $76.10.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the sale, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the sale, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction on Friday, August 16th. The shares were 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 $905,105.70. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $71.59 on Friday. The business’s fifty day simple moving average is $70.18 and its 200 day simple moving average is $63.71. The firm has a market capitalization of $12.99 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 4.66 and a beta of 1.21. Regency Centers Co. has a 12 month low of $56.29 and a 12 month high of $75.26. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). The business had revenue of $357.25 million for the quarter, compared to the consensus estimate of $361.56 million. Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. During the same quarter last year, the business posted $1.03 earnings per share. As a group, analysts anticipate that Regency Centers Co. will post 4.23 EPS for the current year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.68 annualized dividend and a dividend yield of 3.74%. Regency Centers’s payout ratio is presently 130.73%.

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.