Sumitomo Mitsui Trust Holdings Inc. Has $49.15 Million Holdings in Regency Centers Co. (NASDAQ:REG)

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in Regency Centers Co. (NASDAQ:REG) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 733,610 shares of the company’s stock after selling 105,817 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Regency Centers were worth $49,152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CVA Family Office LLC acquired a new position in Regency Centers during the fourth quarter worth about $27,000. Glass Jacobson Investment Advisors llc acquired a new position in Regency Centers during the third quarter worth about $26,000. Financial Gravity Asset Management Inc. raised its stake in Regency Centers by 641.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company’s stock worth $27,000 after acquiring an additional 398 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Regency Centers during the third quarter worth about $29,000. Finally, Bogart Wealth LLC acquired a new position in Regency Centers during the third quarter worth about $31,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of REG opened at $58.37 on Friday. Regency Centers Co. has a 52-week low of $54.72 and a 52-week high of $68.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 0.85. The business’s 50 day moving average price is $60.05 and its two-hundred day moving average price is $61.65. The firm has a market cap of $10.79 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 3.80 and a beta of 1.16.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 4.59%. The ex-dividend date was Tuesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is presently 131.37%.

Analyst Ratings Changes

Several research analysts have commented on the company. Truist Financial boosted their target price on Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Mizuho initiated coverage on Regency Centers in a research note on Thursday. They set a “neutral” rating and a $60.00 target price for the company. Wells Fargo & Company initiated coverage on Regency Centers in a report on Thursday, February 1st. They set an “overweight” rating and a $70.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Regency Centers in a report on Tuesday, January 30th. They set a “buy” rating and a $74.00 price target on the stock. Finally, Evercore ISI upgraded Regency Centers from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $69.00 to $71.00 in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Regency Centers has a consensus rating of “Moderate Buy” and an average price target of $70.73.

Regency Centers Company 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.