Regency Centers Co. (NASDAQ:REG) Stock Position Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Regency Centers Co. (NASDAQ:REG) by 0.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 150,003 shares of the company’s stock after acquiring an additional 187 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Regency Centers were worth $10,050,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. HighTower Advisors LLC raised its holdings in shares of Regency Centers by 46.2% during the 1st quarter. HighTower Advisors LLC now owns 18,448 shares of the company’s stock valued at $1,309,000 after purchasing an additional 5,833 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Regency Centers in the first quarter worth about $243,000. MetLife Investment Management LLC boosted its position in Regency Centers by 24.0% in the first quarter. MetLife Investment Management LLC now owns 42,220 shares of the company’s stock valued at $3,012,000 after buying an additional 8,175 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Regency Centers by 125.3% during the first quarter. Panagora Asset Management Inc. now owns 10,723 shares of the company’s stock worth $765,000 after buying an additional 5,964 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Regency Centers by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,618 shares of the company’s stock valued at $1,471,000 after acquiring an additional 1,277 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company started coverage on Regency Centers in a research report on Thursday, February 1st. They set an “overweight” rating and a $70.00 target price for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Regency Centers in a research note on Tuesday, January 30th. They issued a “buy” rating and a $74.00 target price for the company. Mizuho started coverage on shares of Regency Centers in a research report on Thursday. They issued a “neutral” rating and a $60.00 price objective for the company. Evercore ISI raised Regency Centers from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $69.00 to $71.00 in a research note on Monday, January 22nd. Finally, Truist Financial boosted their target price on Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.73.

Regency Centers Trading Up 1.1 %

NASDAQ REG opened at $58.37 on Friday. Regency Centers Co. has a 52 week low of $54.72 and a 52 week high of $68.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s 50 day moving average price is $60.05 and its two-hundred day moving average price is $61.65. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 3.80 and a beta of 1.16.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.59%. Regency Centers’s dividend payout ratio (DPR) is presently 131.37%.

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.