Oak Thistle LLC Buys New Shares in Regency Centers Co. (NASDAQ:REG)

Oak Thistle LLC purchased a new position in shares of Regency Centers Co. (NASDAQ:REG) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,161 shares of the company’s stock, valued at approximately $555,000.

A number of other hedge funds also recently made changes to their positions in REG. Janney Montgomery Scott LLC acquired a new position in Regency Centers during the third quarter valued at approximately $255,000. LPL Financial LLC increased its holdings in Regency Centers by 1,216.7% in the 3rd quarter. LPL Financial LLC now owns 121,806 shares of the company’s stock valued at $7,240,000 after purchasing an additional 112,555 shares in the last quarter. Mariner LLC raised its position in Regency Centers by 39.3% in the third quarter. Mariner LLC now owns 10,652 shares of the company’s stock valued at $633,000 after purchasing an additional 3,004 shares during the period. Federated Hermes Inc. lifted its stake in shares of Regency Centers by 382.6% during the third quarter. Federated Hermes Inc. now owns 2,326 shares of the company’s stock worth $138,000 after purchasing an additional 1,844 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its position in shares of Regency Centers by 36.1% in the third quarter. Natixis Advisors L.P. now owns 57,510 shares of the company’s stock worth $3,419,000 after buying an additional 15,260 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Scotiabank reduced their price target on Regency Centers from $68.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 16th. Mizuho raised their price target on shares of Regency Centers from $60.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, May 23rd. Finally, Truist Financial dropped their price target on shares of Regency Centers from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Regency Centers currently has an average rating of “Moderate Buy” and a consensus price target of $70.09.

Regency Centers Stock Performance

NASDAQ:REG traded down $0.34 during trading hours on Monday, reaching $61.86. 918,684 shares of the stock were exchanged, compared to its average volume of 1,180,449. The stock has a market capitalization of $11.43 billion, a P/E ratio of 30.18, a P/E/G ratio of 4.54 and a beta of 1.21. The firm has a 50 day simple moving average of $60.33 and a 200-day simple moving average of $61.48. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.64. Regency Centers Co. has a 52 week low of $56.29 and a 52 week high of $68.47.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Wednesday, June 12th. Regency Centers’s dividend payout ratio is presently 130.73%.

About Regency Centers

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.