Mutual of America Capital Management LLC Has $1.40 Million Stock Holdings in Regency Centers Corporation (NASDAQ:REG)

Mutual of America Capital Management LLC decreased its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,981 shares of the company’s stock after selling 587 shares during the period. Mutual of America Capital Management LLC’s holdings in Regency Centers were worth $1,400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in Regency Centers during the 1st quarter worth about $25,000. Heck Capital Advisors LLC acquired a new position in Regency Centers during the 4th quarter worth about $26,000. TD Waterhouse Canada Inc. lifted its position in Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company’s stock worth $36,000 after buying an additional 487 shares in the last quarter. Sentry Investment Management LLC acquired a new position in Regency Centers during the 1st quarter worth about $38,000. Finally, Canada Post Corp Registered Pension Plan acquired a new position in Regency Centers during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Transactions at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 33,069 shares of the company’s stock, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

Shares of REG stock opened at $69.87 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $12.68 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 3.40 and a beta of 1.00. The stock has a 50-day moving average of $71.17 and a 200-day moving average of $71.79. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. The company had revenue of $370.35 million during the quarter, compared to analysts’ expectations of $364.64 million. During the same period in the prior year, the business posted $1.08 EPS. As a group, sell-side analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th were paid a dividend of $0.705 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a yield of 4.04%. Regency Centers’s payout ratio is 133.02%.

Wall Street Analyst Weigh In

REG has been the topic of several research reports. Barclays began coverage on shares of Regency Centers in a research report on Wednesday, July 2nd. They set an “equal weight” rating and a $77.00 price target on the stock. Wells Fargo & Company cut their target price on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Truist Financial upped their target price on shares of Regency Centers from $78.00 to $79.00 and gave the company a “buy” rating in a research report on Monday, May 19th. Scotiabank cut 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. Finally, Mizuho cut their target price on shares of Regency Centers from $79.00 to $74.00 and set an “outperform” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.54.

Regency Centers Company Profile

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.