US Bancorp DE Has $580,000 Stock Position in Regency Centers Co. (NASDAQ:REG)

US Bancorp DE lifted its position in Regency Centers Co. (NASDAQ:REG) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,036 shares of the company’s stock after acquiring an additional 647 shares during the period. US Bancorp DE’s holdings in Regency Centers were worth $580,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quest Partners LLC raised its stake in Regency Centers by 25,250.0% during the 2nd quarter. Quest Partners LLC now owns 507 shares of the company’s stock valued at $32,000 after purchasing an additional 505 shares during the period. Family Firm Inc. acquired a new position in Regency Centers during the second quarter valued at $44,000. Blue Trust Inc. lifted its stake in Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after acquiring an additional 716 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Regency Centers during the 1st quarter worth about $52,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Regency Centers by 300.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock valued at $58,000 after acquiring an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

REG has been the subject of a number of research analyst reports. Raymond James increased their price target on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their target price on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Evercore ISI upgraded shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Truist Financial increased their price objective on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Robert W. Baird boosted their target price on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $76.92.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $74.24 on Monday. The stock has a market capitalization of $13.47 billion, a P/E ratio of 34.85, a P/E/G ratio of 4.60 and a beta of 1.21. The business has a 50-day moving average of $72.30 and a two-hundred day moving average of $66.77. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $75.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.93.

Regency Centers (NASDAQ:REG) last announced its earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. The company had revenue of $360.27 million for the quarter, compared to the consensus estimate of $355.17 million. During the same period in the previous year, the company earned $1.02 EPS. On average, equities research analysts predict that Regency Centers Co. will post 4.26 EPS for the current fiscal year.

Regency Centers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be given a dividend of $0.705 per share. This is a positive change from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a yield of 3.80%. Regency Centers’s payout ratio is currently 132.39%.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the transaction, the vice president now directly owns 13,010 shares of the company’s stock, valued at $905,105.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

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.