Vanguard Group Inc. Acquires 830,572 Shares of Regency Centers Co. (NASDAQ:REG)

Vanguard Group Inc. grew its stake in Regency Centers Co. (NASDAQ:REG) by 3.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,889,033 shares of the company’s stock after acquiring an additional 830,572 shares during the quarter. Vanguard Group Inc. owned 15.64% of Regency Centers worth $1,749,520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC increased its position in Regency Centers by 11.1% in the fourth quarter. Signaturefd LLC now owns 1,625 shares of the company’s stock worth $109,000 after buying an additional 162 shares in the last quarter. Greenleaf Trust increased its position in shares of Regency Centers by 4.0% during the 4th quarter. Greenleaf Trust now owns 4,429 shares of the company’s stock valued at $297,000 after purchasing an additional 170 shares during the last quarter. New Mexico Educational Retirement Board boosted its position in shares of Regency Centers by 2.5% during the first quarter. New Mexico Educational Retirement Board now owns 8,250 shares of the company’s stock valued at $500,000 after buying an additional 200 shares during the period. Naviter Wealth LLC boosted its stake in shares of Regency Centers by 2.0% during the first quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock valued at $667,000 after purchasing an additional 218 shares during the period. Finally, SYSTM Wealth Solutions LLC raised its stake in shares of Regency Centers by 13.3% during the first quarter. SYSTM Wealth Solutions LLC now owns 2,303 shares of the company’s stock valued at $140,000 after acquiring an additional 271 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of REG traded up $0.31 during trading hours on Monday, hitting $66.41. 171,959 shares of the stock were exchanged, compared to its average volume of 1,144,102. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 4.82 and a beta of 1.21. Regency Centers Co. has a 12-month low of $56.29 and a 12-month high of $68.47. The stock’s 50-day moving average price is $61.57 and its two-hundred day moving average price is $61.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.37 and a current ratio of 1.37.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th were paid a $0.67 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $2.68 annualized dividend and a dividend yield of 4.04%. Regency Centers’s dividend payout ratio (DPR) is 130.73%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Scotiabank reduced their price target on shares of Regency Centers from $68.00 to $65.00 and set a “sector perform” rating for the company in a report on Thursday, May 16th. Mizuho upgraded shares of Regency Centers from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $61.00 to $67.00 in a research note on Tuesday, July 9th. Finally, Truist Financial lowered their target price on Regency Centers from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.64.

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.