Mackenzie Financial Corp Has $630,000 Position in Regency Centers Co. (NASDAQ:REG)

Mackenzie Financial Corp lessened its position in Regency Centers Co. (NASDAQ:REG) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,406 shares of the company’s stock after selling 521 shares during the period. Mackenzie Financial Corp’s holdings in Regency Centers were worth $630,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. AE Wealth Management LLC acquired a new stake in shares of Regency Centers in the third quarter valued at about $287,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Regency Centers in the third quarter valued at about $29,000. Czech National Bank increased its stake in shares of Regency Centers by 57.7% in the third quarter. Czech National Bank now owns 28,719 shares of the company’s stock valued at $1,707,000 after buying an additional 10,503 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Regency Centers by 2.3% in the third quarter. Asset Management One Co. Ltd. now owns 321,387 shares of the company’s stock valued at $19,103,000 after buying an additional 7,099 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Regency Centers by 9.4% in the third quarter. Commonwealth Equity Services LLC now owns 6,518 shares of the company’s stock valued at $387,000 after buying an additional 558 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

REG has been the subject of several recent research reports. Wells Fargo & Company initiated coverage on Regency Centers in a research note on Thursday, February 1st. They issued an “overweight” rating and a $70.00 price target for the company. Evercore ISI upgraded Regency Centers from an “in-line” rating to an “outperform” rating and upped their target price for the company from $69.00 to $71.00 in a research report on Monday, January 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on Regency Centers in a research report on Tuesday, January 30th. They set a “buy” rating and a $74.00 target price on the stock. Truist Financial upped their target price on Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Finally, Mizuho assumed coverage on Regency Centers in a research report on Thursday, April 18th. They set a “neutral” rating and a $60.00 target price on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and an average target price of $70.73.

Regency Centers Stock Down 0.9 %

Shares of NASDAQ:REG opened at $59.06 on Friday. The business’s 50 day simple moving average is $59.95 and its two-hundred day simple moving average is $61.70. The firm has a market cap of $10.91 billion, a P/E ratio of 28.95, a PEG ratio of 3.92 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 0.85. Regency Centers Co. has a 52-week low of $54.72 and a 52-week high of $68.47.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued a $0.67 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $2.68 annualized dividend and a yield of 4.54%. Regency Centers’s payout ratio is currently 131.37%.

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.