Regency Centers Co. (NASDAQ:REG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in Regency Centers Co. (NASDAQ:REG) by 47.8% in the 4th quarter, Holdings Channel reports. The firm owned 8,194 shares of the company’s stock after selling 7,497 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Regency Centers were worth $549,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in REG. Glass Jacobson Investment Advisors llc acquired a new position in Regency Centers in the 3rd quarter valued at $26,000. Financial Gravity Asset Management Inc. raised its stake in Regency Centers by 641.9% in the 3rd 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 last quarter. CVA Family Office LLC acquired a new position in Regency Centers in the 4th quarter valued at $27,000. Newbridge Financial Services Group Inc. acquired a new position in Regency Centers in the 3rd quarter valued at $29,000. Finally, Bogart Wealth LLC acquired a new position in Regency Centers in the 3rd quarter valued at $31,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. 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. 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 target price for the company. Mizuho began coverage on Regency Centers in a research note on Thursday, April 18th. They issued a “neutral” rating and a $60.00 target price for the company. Evercore ISI raised Regency Centers from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $69.00 to $71.00 in a research note on Monday, January 22nd. Finally, Truist Financial raised 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. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and an average price target of $70.73.

Regency Centers Stock Down 0.9 %

Shares of NASDAQ:REG opened at $59.06 on Friday. The business has a 50-day moving average price of $59.95 and a 200 day moving average price of $61.70. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 3.95 and a beta of 1.16. Regency Centers Co. has a 12-month low of $54.72 and a 12-month high of $68.47.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend was Tuesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is 131.37%.

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.