New York Life Investment Management LLC Buys 351 Shares of Regency Centers Co. (NASDAQ:REG)

New York Life Investment Management LLC increased its stake in shares of Regency Centers Co. (NASDAQ:REG) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 43,269 shares of the company’s stock after purchasing an additional 351 shares during the quarter. New York Life Investment Management LLC’s holdings in Regency Centers were worth $2,899,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Retirement Systems of Alabama grew its stake in shares of Regency Centers by 1.5% during the third quarter. Retirement Systems of Alabama now owns 130,908 shares of the company’s stock valued at $7,781,000 after buying an additional 1,917 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in 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 acquiring an additional 1,775 shares during the last quarter. NewEdge Wealth LLC purchased a new stake in Regency Centers in the fourth quarter worth $275,000. International Assets Investment Management LLC lifted its position in shares of Regency Centers by 6,591.3% during the fourth quarter. International Assets Investment Management LLC now owns 16,862 shares of the company’s stock worth $1,130,000 after purchasing an additional 16,610 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Regency Centers by 165.6% during the third 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 period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on REG shares. Mizuho initiated coverage on shares of Regency Centers in a research note on Thursday, April 18th. They issued a “neutral” rating and a $60.00 price target on the stock. Wells Fargo & Company initiated coverage on shares of Regency Centers in a research report on Thursday, February 1st. They set an “overweight” rating and a $70.00 target price on the stock. Truist Financial boosted their price target on Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft began coverage on Regency Centers in a report on Tuesday, January 30th. They set a “buy” rating and a $74.00 price objective on the stock. Finally, Evercore ISI upgraded Regency Centers from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $69.00 to $71.00 in a report on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.73.

Regency Centers Stock Down 1.7 %

Shares of NASDAQ REG opened at $59.00 on Monday. The stock has a market capitalization of $10.90 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 3.88 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. Regency Centers Co. has a 12-month low of $54.72 and a 12-month high of $68.47. The stock’s fifty day simple moving average is $59.74 and its two-hundred day simple moving average is $61.71.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a yield of 4.54%. Regency Centers’s dividend payout ratio is presently 130.73%.

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.