Oak Thistle LLC Buys Shares of 9,161 Regency Centers Co. (NASDAQ:REG)

Oak Thistle LLC purchased a new position in Regency Centers Co. (NASDAQ:REG) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 9,161 shares of the company’s stock, valued at approximately $555,000.

A number of other large investors also recently modified their holdings of the business. Cbre Investment Management Listed Real Assets LLC raised its stake in Regency Centers by 36.9% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 375,952 shares of the company’s stock valued at $25,189,000 after purchasing an additional 101,260 shares during the last quarter. NewEdge Wealth LLC acquired a new position in shares of Regency Centers during the fourth quarter valued at about $275,000. International Assets Investment Management LLC lifted its stake in shares of Regency Centers by 6,591.3% in 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. Goldman Sachs Group Inc. grew its position in Regency Centers by 1.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,324,687 shares of the company’s stock worth $88,754,000 after buying an additional 19,181 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Regency Centers by 0.3% in the 4th quarter. Principal Financial Group Inc. now owns 7,354,991 shares of the company’s stock valued at $492,784,000 after acquiring an additional 24,902 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Scotiabank decreased 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. Truist Financial lowered their target price on shares of Regency Centers from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Finally, Mizuho increased their target price on Regency Centers from $60.00 to $61.00 and gave the stock a “neutral” rating in a report on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.09.

Regency Centers Price Performance

NASDAQ:REG traded down $0.34 during mid-day trading on Monday, reaching $61.86. 918,684 shares of the company were exchanged, compared to its average volume of 1,180,449. 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 stock has a market cap of $11.43 billion, a PE ratio of 30.18, a PEG ratio of 4.54 and a beta of 1.21. Regency Centers Co. has a 12 month low of $56.29 and a 12 month high of $68.47. The company has a fifty day moving average of $60.33 and a 200 day moving average of $61.48.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, June 12th. This represents a $2.68 annualized dividend and a dividend yield of 4.33%. Regency Centers’s dividend payout ratio (DPR) is currently 130.73%.

About Regency Centers

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.