Regency Centers Co. (NASDAQ:REG) Shares Sold by Eagle Ridge Investment Management

Eagle Ridge Investment Management lessened its stake in Regency Centers Co. (NASDAQ:REG) by 43.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,480 shares of the company’s stock after selling 2,684 shares during the quarter. Eagle Ridge Investment Management’s holdings in Regency Centers were worth $211,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of REG. LPL Financial LLC boosted its position in Regency Centers by 1,216.7% in the 3rd quarter. LPL Financial LLC now owns 121,806 shares of the company’s stock worth $7,240,000 after purchasing an additional 112,555 shares in the last quarter. Mariner LLC raised its position in shares of Regency Centers by 39.3% in the third quarter. Mariner LLC now owns 10,652 shares of the company’s stock worth $633,000 after acquiring an additional 3,004 shares during the period. Federated Hermes Inc. boosted its stake in shares of Regency Centers by 382.6% during the 3rd quarter. Federated Hermes Inc. now owns 2,326 shares of the company’s stock worth $138,000 after acquiring an additional 1,844 shares in the last quarter. Natixis Advisors L.P. grew its position in shares of Regency Centers by 36.1% during the 3rd quarter. Natixis Advisors L.P. now owns 57,510 shares of the company’s stock valued at $3,419,000 after acquiring an additional 15,260 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in shares of Regency Centers by 6.3% in the 3rd quarter. Treasurer of the State of North Carolina now owns 81,511 shares of the company’s stock valued at $4,845,000 after purchasing an additional 4,860 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

REG has been the topic of several research analyst reports. Truist Financial dropped their price objective on Regency Centers from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, May 20th. Scotiabank dropped their price target on shares of Regency Centers from $68.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 16th. Finally, Mizuho upped their price objective on shares of Regency Centers from $60.00 to $61.00 and gave the stock a “neutral” rating in a research report on Thursday, May 23rd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Regency Centers presently has a consensus rating of “Moderate Buy” and an average price target of $70.09.

Regency Centers Price Performance

Shares of Regency Centers stock traded up $0.14 during trading hours on Tuesday, reaching $62.00. 1,258,197 shares of the company’s stock were exchanged, compared to its average volume of 1,180,771. The business has a fifty day moving average of $60.39 and a two-hundred day moving average of $61.43. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $11.46 billion, a P/E ratio of 30.18, a price-to-earnings-growth ratio of 4.54 and a beta of 1.21. Regency Centers Co. has a 1 year low of $56.29 and a 1 year high of $68.47.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be issued a $0.67 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a yield of 4.32%. Regency Centers’s payout ratio is 130.73%.

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.