Robeco Institutional Asset Management B.V. Purchases 276,174 Shares of Regency Centers Corporation (NASDAQ:REG)

Robeco Institutional Asset Management B.V. raised its position in Regency Centers Corporation (NASDAQ:REG) by 164.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 443,723 shares of the company’s stock after buying an additional 276,174 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Regency Centers were worth $32,729,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in Regency Centers in the 4th quarter valued at about $1,262,425,000. JPMorgan Chase & Co. increased its holdings in Regency Centers by 0.5% in the 4th quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company’s stock valued at $823,711,000 after buying an additional 51,424 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Regency Centers by 1.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company’s stock valued at $771,859,000 after buying an additional 171,047 shares during the period. Invesco Ltd. increased its holdings in Regency Centers by 121.2% in the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company’s stock valued at $397,333,000 after buying an additional 2,944,854 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Regency Centers by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 4,568,525 shares of the company’s stock valued at $336,955,000 after buying an additional 86,644 shares during the period. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on REG. Truist Financial raised their target price on shares of Regency Centers from $78.00 to $79.00 and gave the company a “buy” rating in a report on Monday, May 19th. Wells Fargo & Company decreased their price target on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Scotiabank decreased their price target on shares of Regency Centers from $76.00 to $75.00 and set a “sector perform” rating on the stock in a report on Monday, May 12th. Finally, Wall Street Zen raised shares of Regency Centers from a “sell” rating to a “hold” rating in a report on Friday. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.08.

Insider Buying and Selling

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the sale, the insider now directly owns 33,069 shares in the company, valued at $2,395,518.36. This trade represents a 11.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $70.54 on Friday. The firm’s 50 day moving average is $71.77 and its 200 day moving average is $72.25. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. Regency Centers Corporation has a 1 year low of $61.34 and a 1 year high of $78.18. The firm has a market capitalization of $12.81 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 3.44 and a beta of 1.01.

Regency Centers (NASDAQ:REG) last posted its earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. The business had revenue of $370.35 million for the quarter, compared to the consensus estimate of $364.64 million. During the same period last year, the company earned $1.08 EPS. Equities research analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be given a dividend of $0.705 per share. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 annualized dividend and a yield of 4.00%. Regency Centers’s dividend payout ratio is presently 133.02%.

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.