Regency Centers Co. (NASDAQ:REG) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its position in Regency Centers Co. (NASDAQ:REG) by 10.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,048,753 shares of the company’s stock after acquiring an additional 873,062 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Regency Centers were worth $547,995,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Regency Centers by 3.0% in the first quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock valued at $1,749,520,000 after acquiring an additional 830,572 shares during the period. Norges Bank acquired a new stake in shares of Regency Centers in the fourth quarter valued at approximately $1,140,242,000. Principal Financial Group Inc. boosted its holdings in shares of Regency Centers by 16.5% in the first quarter. Principal Financial Group Inc. now owns 8,565,897 shares of the company’s stock valued at $518,751,000 after acquiring an additional 1,210,906 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Regency Centers by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,483,677 shares of the company’s stock worth $166,409,000 after purchasing an additional 89,882 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Regency Centers by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,193,403 shares of the company’s stock worth $146,958,000 after purchasing an additional 59,490 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on REG. Truist Financial decreased their price target on Regency Centers from $72.00 to $70.00 and set a “buy” rating for the company in a report on Monday, May 20th. Scotiabank decreased their price target on Regency Centers from $68.00 to $65.00 and set a “sector perform” rating for the company in a report on Thursday, May 16th. Finally, Mizuho raised Regency Centers from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $61.00 to $67.00 in a report on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and an average price target of $70.64.

Regency Centers Price Performance

Regency Centers stock traded up $0.67 during midday trading on Monday, reaching $66.03. The company’s stock had a trading volume of 199,345 shares, compared to its average volume of 1,139,182. Regency Centers Co. has a fifty-two week low of $56.29 and a fifty-two week high of $68.47. The firm has a market capitalization of $12.20 billion, a PE ratio of 31.88, a P/E/G ratio of 4.77 and a beta of 1.21. The stock’s 50 day simple moving average is $62.10 and its 200 day simple moving average is $61.13. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.37 and a current ratio of 1.37.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Wednesday, June 12th. Regency Centers’s dividend payout ratio is currently 130.73%.

Regency Centers 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.