Regency Centers Co. (NASDAQ:REG) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in shares of Regency Centers Co. (NASDAQ:REG) by 71.8% during the fourth quarter, Holdings Channel reports. The firm owned 655 shares of the company’s stock after selling 1,671 shares during the quarter. Federated Hermes Inc.’s holdings in Regency Centers were worth $44,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in Regency Centers by 2.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,636 shares of the company’s stock worth $751,000 after acquiring an additional 271 shares in the last quarter. Aviva PLC boosted its stake in shares of Regency Centers by 4.5% in the third quarter. Aviva PLC now owns 6,673 shares of the company’s stock valued at $397,000 after purchasing an additional 286 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Regency Centers by 9.5% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,851 shares of the company’s stock valued at $229,000 after purchasing an additional 335 shares in the last quarter. Arizona State Retirement System increased its stake in Regency Centers by 0.7% during the 4th quarter. Arizona State Retirement System now owns 45,674 shares of the company’s stock worth $3,060,000 after buying an additional 336 shares during the period. Finally, Telos Capital Management Inc. lifted its holdings in Regency Centers by 6.4% during the 3rd quarter. Telos Capital Management Inc. now owns 5,908 shares of the company’s stock worth $351,000 after buying an additional 353 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Stock Down 0.1 %

Shares of NASDAQ:REG opened at $58.93 on Tuesday. The firm has a 50 day simple moving average of $59.74 and a 200-day simple moving average of $61.71. Regency Centers Co. has a twelve month low of $54.72 and a twelve month high of $68.47. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $10.89 billion, a PE ratio of 28.75, a P/E/G ratio of 3.88 and a beta of 1.16.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be given a $0.67 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a yield of 4.55%. Regency Centers’s dividend payout ratio (DPR) is presently 130.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Truist Financial boosted their price target on shares of Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Mizuho assumed coverage on Regency Centers in a report on Thursday, April 18th. They set a “neutral” rating and a $60.00 price target on the stock. 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. Evercore ISI upgraded shares of 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 research note on Monday, January 22nd. Finally, Wells Fargo & Company assumed 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 for the company. Two 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.73.

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.