Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Regency Centers Co. (NASDAQ:REGFree Report) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,967 shares of the company’s stock after buying an additional 11,118 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.14% of Regency Centers worth $17,293,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Retirement Systems of Alabama increased its position in Regency Centers by 1.5% during the 3rd quarter. Retirement Systems of Alabama now owns 130,908 shares of the company’s stock worth $7,781,000 after purchasing an additional 1,917 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Regency Centers by 5.7% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 32,817 shares of the company’s stock worth $1,951,000 after buying an additional 1,775 shares in the last quarter. NewEdge Wealth LLC acquired a new position in shares of Regency Centers in the fourth quarter valued at approximately $275,000. International Assets Investment Management LLC lifted its stake in shares of Regency Centers by 6,591.3% during the fourth quarter. International Assets Investment Management LLC now owns 16,862 shares of the company’s stock valued at $1,130,000 after buying an additional 16,610 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Regency Centers by 0.3% during the fourth quarter. Principal Financial Group Inc. now owns 7,354,991 shares of the company’s stock worth $492,784,000 after acquiring an additional 24,902 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

REG has been the topic of a number of recent analyst reports. Mizuho began coverage on Regency Centers in a research note on Thursday, April 18th. They set a “neutral” rating and a $60.00 price target on the stock. Evercore ISI upgraded 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 report on Monday, January 22nd. Wells Fargo & Company assumed coverage on shares of Regency Centers in a report on Thursday, February 1st. They set an “overweight” rating and a $70.00 price objective on the stock. Scotiabank lowered their target price on shares of Regency Centers from $68.00 to $65.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Regency Centers in a research note on Tuesday, January 30th. They set a “buy” rating and a $74.00 price target on the stock. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and a consensus price target of $70.25.

Read Our Latest Analysis on Regency Centers

Regency Centers Trading Up 1.3 %

NASDAQ:REG opened at $60.89 on Friday. The business’s 50-day moving average is $59.38 and its two-hundred day moving average is $61.75. The firm has a market capitalization of $11.25 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 3.70 and a beta of 1.16. Regency Centers Co. has a 12 month low of $54.72 and a 12 month high of $68.47. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.37 and a quick ratio of 1.37.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.40%. The ex-dividend date is Wednesday, June 12th. Regency Centers’s dividend payout ratio (DPR) is presently 130.73%.

About Regency Centers

(Free Report)

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.

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Institutional Ownership by Quarter for Regency Centers (NASDAQ:REG)

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