Royal London Asset Management Ltd. Purchases 8,726 Shares of Regency Centers Co. (NASDAQ:REG)

Royal London Asset Management Ltd. lifted its position in shares of Regency Centers Co. (NASDAQ:REGFree Report) by 10.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 94,367 shares of the company’s stock after acquiring an additional 8,726 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.05% of Regency Centers worth $6,323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cbre Investment Management Listed Real Assets LLC lifted its holdings in Regency Centers by 36.9% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 375,952 shares of the company’s stock worth $25,189,000 after purchasing an additional 101,260 shares in the last quarter. NewEdge Wealth LLC purchased a new stake in Regency Centers during the 4th quarter worth about $275,000. International Assets Investment Management LLC lifted its holdings 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 worth $1,130,000 after purchasing an additional 16,610 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Regency Centers by 0.3% during the 4th quarter. Principal Financial Group Inc. now owns 7,354,991 shares of the company’s stock worth $492,784,000 after purchasing an additional 24,902 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in Regency Centers during the 4th quarter worth about $262,000. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on REG. Truist Financial dropped their price objective on Regency Centers from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, May 20th. Mizuho raised their price target on Regency Centers from $60.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, May 23rd. Finally, Scotiabank lowered their price target on Regency Centers from $68.00 to $65.00 and set a “sector perform” rating on the stock in a report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.09.

Check Out Our Latest Analysis on REG

Regency Centers Stock Performance

Shares of NASDAQ REG opened at $61.24 on Friday. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 29.87, a P/E/G ratio of 4.48 and a beta of 1.19. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.64. Regency Centers Co. has a 1-year low of $56.29 and a 1-year high of $68.47. The stock’s 50-day moving average is $59.48 and its 200 day moving average is $61.67.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be issued a dividend of $0.67 per share. The ex-dividend date is Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.38%. Regency Centers’s dividend payout ratio is 130.73%.

Regency Centers Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Regency Centers (NASDAQ:REG)

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