Regency Centers Co. (NASDAQ:REG) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its stake in shares of Regency Centers Co. (NASDAQ:REG) by 2.0% during the 4th quarter, Holdings Channel reports. The fund owned 53,143 shares of the company’s stock after selling 1,089 shares during the quarter. Amalgamated Bank’s holdings in Regency Centers were worth $3,561,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of REG. Vanguard Group Inc. increased its stake in shares of Regency Centers by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 28,378,732 shares of the company’s stock valued at $1,686,832,000 after purchasing an additional 1,645,784 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Regency Centers by 1.2% in the third quarter. Principal Financial Group Inc. now owns 7,330,089 shares of the company’s stock valued at $435,697,000 after buying an additional 90,051 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Regency Centers by 22.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company’s stock worth $317,914,000 after buying an additional 964,488 shares during the period. Invesco Ltd. lifted its position in shares of Regency Centers by 115.7% during the 3rd quarter. Invesco Ltd. now owns 4,852,979 shares of the company’s stock valued at $288,461,000 after buying an additional 2,603,320 shares in the last quarter. Finally, FMR LLC grew its stake in Regency Centers by 10.5% in the 3rd quarter. FMR LLC now owns 4,077,220 shares of the company’s stock valued at $242,350,000 after acquiring an additional 388,148 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on REG shares. Evercore ISI upgraded shares of 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 report on Monday, January 22nd. Truist Financial upped their price target on shares of Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft began coverage on Regency Centers in a report on Tuesday, January 30th. They issued a “buy” rating and a $74.00 price objective on the stock. Wells Fargo & Company started coverage on shares of Regency Centers in a research report on Thursday, February 1st. They issued an “overweight” rating and a $70.00 target price for the company. Finally, Mizuho assumed coverage on shares of Regency Centers in a research report on Thursday, April 18th. They set a “neutral” rating and a $60.00 price target on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Regency Centers presently has an average rating of “Moderate Buy” and an average price target of $70.73.

Regency Centers Trading Up 1.1 %

NASDAQ:REG opened at $59.32 on Friday. Regency Centers Co. has a 12-month low of $54.72 and a 12-month high of $68.47. The firm has a market cap of $10.96 billion, a PE ratio of 28.94, 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. The stock has a fifty day moving average price of $59.65 and a 200 day moving average price of $61.69.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Wednesday, June 12th. Regency Centers’s dividend payout ratio is presently 130.73%.

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.