Regency Centers Co. (NASDAQ:REG) Shares Sold by Aew Capital Management L P

Aew Capital Management L P reduced its position in Regency Centers Co. (NASDAQ:REG) by 1.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,118,370 shares of the company’s stock after selling 21,960 shares during the quarter. Regency Centers comprises about 2.7% of Aew Capital Management L P’s holdings, making the stock its 14th largest position. Aew Capital Management L P’s holdings in Regency Centers were worth $74,931,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Invesco Ltd. raised its stake in shares of Regency Centers by 115.7% during the third quarter. Invesco Ltd. now owns 4,852,979 shares of the company’s stock worth $288,461,000 after purchasing an additional 2,603,320 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Regency Centers by 6.2% during the third quarter. Vanguard Group Inc. now owns 28,378,732 shares of the company’s stock worth $1,686,832,000 after purchasing an additional 1,645,784 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Regency Centers by 22.0% during the third quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company’s stock worth $317,914,000 after purchasing an additional 964,488 shares during the last quarter. Barclays PLC raised its stake in shares of Regency Centers by 165.6% during the third quarter. Barclays PLC now owns 711,096 shares of the company’s stock worth $42,267,000 after purchasing an additional 443,407 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Regency Centers by 10.5% during the third quarter. FMR LLC now owns 4,077,220 shares of the company’s stock worth $242,350,000 after purchasing an additional 388,148 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Price Performance

Shares of REG stock traded down $0.78 during mid-day trading on Friday, reaching $58.28. The stock had a trading volume of 1,398,371 shares, compared to its average volume of 1,254,971. Regency Centers Co. has a 12-month low of $54.72 and a 12-month high of $68.47. The company has a market cap of $10.77 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 3.92 and a beta of 1.16. The business has a 50-day simple moving average of $59.90 and a 200 day simple moving average of $61.69. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date was Tuesday, March 12th. Regency Centers’s dividend payout ratio is currently 131.37%.

Analysts Set New Price Targets

REG has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Regency Centers in a research note on Tuesday, January 30th. They set a “buy” rating and a $74.00 price target for the company. Evercore ISI upgraded 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 report on Monday, January 22nd. Mizuho started coverage on Regency Centers in a research report on Thursday, April 18th. They issued a “neutral” rating and a $60.00 price objective for the company. Wells Fargo & Company started coverage on Regency Centers in a research report on Thursday, February 1st. They issued an “overweight” rating and a $70.00 price objective for the company. Finally, Truist Financial increased their price objective on Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently 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.