MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $1.06 Million Stock Position in Regency Centers Co. (NASDAQ:REG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,337 shares of the company’s stock after acquiring an additional 651 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Regency Centers were worth $1,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Heck Capital Advisors LLC purchased a new position in Regency Centers during the 4th quarter worth $26,000. National Pension Service purchased a new stake in shares of Regency Centers in the fourth quarter valued at about $27,000. TD Waterhouse Canada Inc. lifted its position in shares of Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock valued at $36,000 after purchasing an additional 487 shares in the last quarter. Canada Post Corp Registered Pension Plan purchased a new position in Regency Centers during the fourth quarter worth about $39,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Regency Centers during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

REG has been the topic of several recent analyst reports. Scotiabank dropped their target price on shares of Regency Centers from $76.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Monday, May 12th. Wells Fargo & Company dropped their price target on Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Finally, Truist Financial boosted their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and an average price target of $78.08.

Regency Centers Trading Down 0.1%

Shares of REG opened at $71.01 on Monday. Regency Centers Co. has a fifty-two week low of $58.19 and a fifty-two week high of $78.18. The business has a 50-day moving average of $71.54 and a 200 day moving average of $72.77. The firm has a market cap of $12.89 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 3.75 and a beta of 1.02. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85.

Regency Centers (NASDAQ:REG) last issued its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. The firm had revenue of $370.35 million during the quarter, compared to analyst estimates of $364.64 million. During the same quarter last year, the business earned $1.08 earnings per share. As a group, research analysts forecast that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be paid a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a yield of 3.97%. Regency Centers’s dividend payout ratio is 133.02%.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the sale, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. This represents a 31.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total transaction of $301,205.52. Following the completion of the sale, the insider now directly owns 33,069 shares in the company, valued at approximately $2,395,518.36. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.