Mackenzie Financial Corp Sells 521 Shares of Regency Centers Co. (NASDAQ:REG)

Mackenzie Financial Corp trimmed its position in shares of Regency Centers Co. (NASDAQ:REG) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,406 shares of the company’s stock after selling 521 shares during the period. Mackenzie Financial Corp’s holdings in Regency Centers were worth $630,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Retirement Systems of Alabama lifted 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 raised its stake in Regency Centers by 5.7% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 32,817 shares of the company’s stock valued at $1,951,000 after buying an additional 1,775 shares during the last quarter. NewEdge Wealth LLC purchased a new stake in Regency Centers during the 4th quarter valued at $275,000. International Assets Investment Management LLC raised its stake in Regency Centers by 6,591.3% during the 4th quarter. International Assets Investment Management LLC now owns 16,862 shares of the company’s stock valued at $1,130,000 after buying an additional 16,610 shares during the last quarter. Finally, Barclays PLC raised its stake in Regency Centers by 165.6% during the 3rd quarter. Barclays PLC now owns 711,096 shares of the company’s stock valued at $42,267,000 after buying an additional 443,407 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

REG has been the subject of a number of research reports. Truist Financial boosted 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. Evercore ISI upgraded Regency Centers from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $69.00 to $71.00 in a research note on Monday, January 22nd. Mizuho began coverage on Regency Centers in a research note on Thursday, April 18th. They issued a “neutral” rating and a $60.00 price objective for the company. Deutsche Bank Aktiengesellschaft began coverage on Regency Centers in a research note on Tuesday, January 30th. They issued a “buy” rating and a $74.00 price objective for the company. Finally, Wells Fargo & Company began coverage on Regency Centers in a research note on Thursday, February 1st. They issued an “overweight” rating and a $70.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.73.

Regency Centers Trading Down 0.9 %

Shares of REG stock opened at $59.06 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 firm has a market capitalization of $10.91 billion, a PE ratio of 28.95, a PEG ratio of 3.92 and a beta of 1.16. The stock has a fifty day simple moving average of $59.95 and a two-hundred day simple moving average of $61.70.

Regency Centers Announces Dividend

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. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.68 dividend on an annualized basis and a yield of 4.54%. Regency Centers’s payout ratio is presently 131.37%.

Regency Centers 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.