Mutual of America Capital Management LLC Lowers Stock Position in Regency Centers Co. (NASDAQ:REG)

Mutual of America Capital Management LLC decreased its position in Regency Centers Co. (NASDAQ:REG) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,987 shares of the company’s stock after selling 1,009 shares during the period. Mutual of America Capital Management LLC’s holdings in Regency Centers were worth $1,473,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of REG. CVA Family Office LLC acquired a new stake in shares of Regency Centers during the 4th quarter valued at about $27,000. Glass Jacobson Investment Advisors llc purchased a new position in Regency Centers during the third quarter worth approximately $26,000. Financial Gravity Asset Management Inc. grew its holdings in Regency Centers by 641.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company’s stock valued at $27,000 after purchasing an additional 398 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Regency Centers in the third quarter valued at approximately $29,000. Finally, Bogart Wealth LLC acquired a new position in shares of Regency Centers during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Price Performance

REG stock opened at $58.37 on Monday. Regency Centers Co. has a 1 year low of $54.72 and a 1 year high of $68.47. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $10.79 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 3.84 and a beta of 1.16. The business has a 50 day simple moving average of $60.05 and a 200-day simple moving average of $61.71.

Regency Centers Announces Dividend

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 $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 payout ratio is currently 131.37%.

Analyst Upgrades and Downgrades

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