Swiss National Bank Sells 16,500 Shares of Regency Centers Co. (NASDAQ:REG)

Swiss National Bank decreased its position in Regency Centers Co. (NASDAQ:REG) by 3.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 518,128 shares of the company’s stock after selling 16,500 shares during the quarter. Swiss National Bank’s holdings in Regency Centers were worth $34,715,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new stake in shares of Regency Centers during the 4th quarter worth approximately $27,000. Capital Analysts LLC acquired a new stake in Regency Centers during the 4th quarter worth $27,000. Glass Jacobson Investment Advisors llc bought a new stake in shares of Regency Centers during the 3rd quarter valued at $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 valued at $27,000 after purchasing an additional 398 shares during the period. Finally, Bogart Wealth LLC bought a new position in shares of Regency Centers in the 3rd quarter worth $31,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Up 0.9 %

Shares of REG opened at $59.44 on Wednesday. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 3.88 and a beta of 1.16. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.37. The stock has a fifty day moving average of $59.72 and a 200-day moving average of $61.71. Regency Centers Co. has a 52 week low of $54.72 and a 52 week high of $68.47.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.51%. The ex-dividend date is Wednesday, June 12th. Regency Centers’s payout ratio is presently 130.73%.

Analysts Set New Price Targets

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

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.