Daiwa Securities Group Inc. Has $4.31 Million Holdings in Regency Centers Co. (NASDAQ:REG)

Daiwa Securities Group Inc. lessened its stake in Regency Centers Co. (NASDAQ:REG) by 3.0% in the 4th quarter, HoldingsChannel reports. The fund owned 64,391 shares of the company’s stock after selling 1,975 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Regency Centers were worth $4,314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama increased its position in Regency Centers by 1.5% in the 3rd quarter. Retirement Systems of Alabama now owns 130,908 shares of the company’s stock valued at $7,781,000 after acquiring an additional 1,917 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Regency Centers by 5.7% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 32,817 shares of the company’s stock valued at $1,951,000 after purchasing an additional 1,775 shares during the last quarter. Barclays PLC boosted its stake in shares of Regency Centers by 165.6% in the 3rd quarter. Barclays PLC now owns 711,096 shares of the company’s stock valued at $42,267,000 after purchasing an additional 443,407 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Regency Centers by 5.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,691 shares of the company’s stock valued at $933,000 after purchasing an additional 760 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Regency Centers by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 2,007,720 shares of the company’s stock valued at $119,339,000 after purchasing an additional 44,965 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Performance

Shares of REG stock opened at $58.37 on Friday. 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 company has a market capitalization of $10.79 billion, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 3.84 and a beta of 1.16. The company’s 50 day moving average price is $60.05 and its two-hundred day moving average price is $61.68. Regency Centers Co. has a 52 week low of $54.72 and a 52 week high of $68.47.

Regency Centers Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently issued reports on REG. Wells Fargo & Company began coverage on shares of Regency Centers in a research note on Thursday, February 1st. They issued an “overweight” rating and a $70.00 target price on the stock. Evercore ISI raised shares of Regency Centers from an “in-line” rating to an “outperform” rating and raised their target price for the company from $69.00 to $71.00 in a research note on Monday, January 22nd. Truist Financial raised their target price on shares of Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Mizuho began coverage on shares of Regency Centers in a research note on Thursday. They issued a “neutral” rating and a $60.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Regency Centers in a research note on Tuesday, January 30th. They issued a “buy” rating and a $74.00 target price on the stock. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Regency Centers presently has an average rating of “Moderate Buy” and an average target price of $70.73.

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.