Mirae Asset Global Investments Co. Ltd. Raises Holdings in Regency Centers Corporation (NASDAQ:REG)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 14.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,322 shares of the company’s stock after acquiring an additional 3,857 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Regency Centers were worth $2,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas purchased a new stake in Regency Centers in the 4th quarter worth approximately $1,499,000. Farther Finance Advisors LLC lifted its holdings in Regency Centers by 43.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,435 shares of the company’s stock worth $106,000 after buying an additional 432 shares during the period. Ameriprise Financial Inc. lifted its holdings in Regency Centers by 8.6% in the 4th quarter. Ameriprise Financial Inc. now owns 59,776 shares of the company’s stock worth $4,431,000 after buying an additional 4,734 shares during the period. CX Institutional purchased a new stake in Regency Centers in the 1st quarter worth approximately $122,000. Finally, Friedenthal Financial purchased a new stake in Regency Centers in the 1st quarter worth approximately $975,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Transactions at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction on 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 transaction, the insider owned 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Regency Centers Stock Down 0.0%

Shares of NASDAQ:REG opened at $70.80 on Friday. The stock has a fifty day simple moving average of $71.72 and a two-hundred day simple moving average of $72.14. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 3.45 and a beta of 1.00. Regency Centers Corporation has a 12-month low of $61.34 and a 12-month high of $78.18. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. The business had revenue of $370.35 million during the quarter, compared to analysts’ expectations of $364.64 million. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. During the same quarter in the previous year, the business earned $1.08 earnings per share. On average, research analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Wednesday, June 11th. Regency Centers’s payout ratio is 133.02%.

Analyst Ratings Changes

REG has been the subject of several research analyst reports. Wells Fargo & Company dropped their price objective on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Wall Street Zen upgraded Regency Centers from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Scotiabank dropped their price target on 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. Barclays started coverage on Regency Centers in a research report on Wednesday. They set an “equal weight” rating and a $77.00 price target on the stock. Finally, Truist Financial lifted their price target on Regency Centers from $78.00 to $79.00 and gave the company a “buy” rating in a research report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Regency Centers has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

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.