Candriam S.C.A. Reduces Position in Regency Centers Corporation $REG

Candriam S.C.A. lowered its stake in Regency Centers Corporation (NASDAQ:REG) by 81.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,762 shares of the company’s stock after selling 20,374 shares during the period. Candriam S.C.A.’s holdings in Regency Centers were worth $347,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new position in Regency Centers in the 2nd quarter worth $31,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Regency Centers in the third quarter valued at about $33,000. MUFG Securities EMEA plc purchased a new position in shares of Regency Centers in the second quarter worth about $34,000. Financial Consulate Inc. acquired a new stake in shares of Regency Centers during the third quarter worth about $38,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Regency Centers by 233.3% during the second quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock worth $41,000 after purchasing an additional 399 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on REG. Citigroup increased their price target on shares of Regency Centers from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Tuesday. Mizuho reiterated a “neutral” rating and issued a $74.00 price objective (down previously from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Argus raised shares of Regency Centers to a “strong-buy” rating in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Tuesday, January 20th. Finally, Truist Financial cut their price target on Regency Centers from $81.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $78.79.

Regency Centers Trading Up 0.7%

Shares of Regency Centers stock opened at $76.18 on Friday. The firm has a 50-day simple moving average of $70.68 and a two-hundred day simple moving average of $71.07. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 1.05. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The company has a market cap of $13.93 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 2.81 and a beta of 0.94.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, March 11th. Regency Centers’s dividend payout ratio is presently 107.86%.

About Regency Centers

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.