Allspring Global Investments Holdings LLC Sells 7,497 Shares of Regency Centers Co. (NASDAQ:REG)

Allspring Global Investments Holdings LLC lowered its stake in shares of Regency Centers Co. (NASDAQ:REG) by 47.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,194 shares of the company’s stock after selling 7,497 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Regency Centers were worth $549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Glass Jacobson Investment Advisors llc bought a new position in shares of Regency Centers in the 3rd quarter worth approximately $26,000. Financial Gravity Asset Management Inc. lifted its stake in shares of Regency Centers by 641.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company’s stock worth $27,000 after purchasing an additional 398 shares during the period. CVA Family Office LLC bought a new position in shares of Regency Centers in the 4th quarter worth approximately $27,000. Newbridge Financial Services Group Inc. bought a new position in shares of Regency Centers in the 3rd quarter worth approximately $29,000. Finally, Bogart Wealth LLC bought a new position in shares of Regency Centers in the 3rd quarter worth approximately $31,000. Institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Down 0.9 %

Shares of REG opened at $59.06 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.85 and a quick ratio of 0.85. Regency Centers Co. has a 1 year low of $54.72 and a 1 year high of $68.47. The company has a 50 day simple moving average of $59.95 and a two-hundred day simple moving average of $61.70. The firm has a market cap of $10.91 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 3.95 and a beta of 1.16.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date was Tuesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is currently 131.37%.

Analyst Ratings Changes

Several brokerages have recently weighed in on REG. Wells Fargo & Company began coverage on shares of Regency Centers in a research note on Thursday, February 1st. They issued an “overweight” rating and a $70.00 price objective on the stock. Evercore ISI upgraded shares of Regency Centers from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $69.00 to $71.00 in a research note on Monday, January 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Regency Centers in a research note on Tuesday, January 30th. They set a “buy” rating and a $74.00 target price on the stock. Truist Financial raised their target price on shares of Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Finally, Mizuho initiated coverage on shares of Regency Centers in a research note on Thursday, April 18th. They set a “neutral” rating and a $60.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Regency Centers has an average rating of “Moderate Buy” and an average price target of $70.73.

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.