Van ECK Associates Corp Lowers Holdings in Regency Centers Co. (NASDAQ:REG)

Van ECK Associates Corp lessened its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,289 shares of the company’s stock after selling 466 shares during the quarter. Van ECK Associates Corp’s holdings in Regency Centers were worth $5,714,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Regency Centers by 1,138.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock valued at $149,932,000 after buying an additional 1,908,153 shares during the last quarter. Waterfront Capital Partners LLC bought a new stake in shares of Regency Centers during the third quarter valued at approximately $33,628,000. JPMorgan Chase & Co. raised its position in shares of Regency Centers by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock worth $801,056,000 after acquiring an additional 435,932 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Regency Centers by 701.7% in the 3rd quarter. National Bank of Canada FI now owns 361,597 shares of the company’s stock valued at $26,118,000 after buying an additional 316,496 shares in the last quarter. Finally, abrdn plc boosted its stake in Regency Centers by 199.7% in the third quarter. abrdn plc now owns 375,059 shares of the company’s stock valued at $27,006,000 after acquiring an additional 249,929 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Trading Up 0.7 %

Shares of REG stock opened at $72.87 on Wednesday. The firm has a market capitalization of $13.23 billion, a PE ratio of 34.37, a P/E/G ratio of 3.77 and a beta of 1.21. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The business’s fifty day moving average price is $72.71 and its 200 day moving average price is $72.52. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.89% and a net margin of 27.54%. As a group, sell-side analysts forecast that Regency Centers Co. will post 4.49 EPS for the current fiscal year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.87%. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. KeyCorp began coverage on Regency Centers in a research note on Friday, October 25th. They issued an “overweight” rating and a $80.00 price target for the company. Wells Fargo & Company reduced their price target on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Mizuho lifted their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Evercore ISI cut their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Finally, BTIG Research upped their price objective on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.08.

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.