Chevy Chase Trust Holdings LLC Has $5.54 Million Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Chevy Chase Trust Holdings LLC trimmed its stake in shares of Regency Centers Co. (NASDAQ:REG – Get Rating) by 5.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 88,581 shares of the company’s stock after selling 5,457 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Regency Centers worth $5,536,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. AlphaCrest Capital Management LLC bought a new stake in shares of Regency Centers during the 3rd quarter worth $699,000. Mutual of America Capital Management LLC lifted its position in shares of Regency Centers by 0.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 21,327 shares of the company’s stock worth $1,148,000 after buying an additional 177 shares during the last quarter. Royal London Asset Management Ltd. lifted its position in shares of Regency Centers by 0.4% during the 3rd quarter. Royal London Asset Management Ltd. now owns 70,877 shares of the company’s stock worth $3,818,000 after buying an additional 308 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Regency Centers by 27.4% in the third quarter. MML Investors Services LLC now owns 14,348 shares of the company’s stock valued at $773,000 after buying an additional 3,087 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Regency Centers in the third quarter valued at about $173,000. 88.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on REG shares. Barclays raised their target price on Regency Centers from $70.00 to $71.00 in a research note on Friday. Truist Financial reduced their price objective on Regency Centers from $73.00 to $71.00 in a research note on Monday, May 15th. Finally, StockNews.com began coverage on Regency Centers in a research note on Thursday. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and an average price target of $68.09.

Regency Centers Stock Performance

NASDAQ:REG opened at $57.63 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.86 and a quick ratio of 0.86. The business has a fifty day simple moving average of $60.02 and a two-hundred day simple moving average of $61.69. Regency Centers Co. has a 1 year low of $51.97 and a 1 year high of $69.35. The company has a market capitalization of $9.85 billion, a P/E ratio of 25.61, a P/E/G ratio of 3.95 and a beta of 1.15.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Wednesday, June 14th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Tuesday, June 13th. Regency Centers’s dividend payout ratio (DPR) is presently 115.56%.

Regency Centers declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 9th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Regency Centers Company Profile

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Regency Centers Corp. operates as a real estate investment trust, which engages in the ownership, operation, and development of retail shopping centers. Its portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to its neighborhoods, communities, and customers.