Banco Santander S.A. Makes New Investment in Regency Centers Co. (NASDAQ:REG)

Banco Santander S.A. acquired a new position in shares of Regency Centers Co. (NASDAQ:REG) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,250 shares of the company’s stock, valued at approximately $1,045,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Regency Centers by 18.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 312,155 shares of the company’s stock worth $18,904,000 after purchasing an additional 49,188 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Regency Centers by 1.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 187,067 shares of the company’s stock worth $11,445,000 after purchasing an additional 2,660 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Regency Centers by 15.2% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 16,316 shares of the company’s stock worth $988,000 after purchasing an additional 2,156 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Regency Centers during the first quarter worth $1,429,000. Finally, William Blair Investment Management LLC lifted its position in shares of Regency Centers by 13.2% during the first quarter. William Blair Investment Management LLC now owns 7,149 shares of the company’s stock worth $433,000 after purchasing an additional 836 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on REG shares. Scotiabank decreased their target price on Regency Centers from $68.00 to $65.00 and set a “sector perform” rating for the company in a research report on Thursday, May 16th. Truist Financial decreased their target price on Regency Centers from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, May 20th. Finally, Mizuho upgraded Regency Centers from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $61.00 to $67.00 in a report on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.64.

Regency Centers Stock Down 0.1 %

Regency Centers stock traded down $0.09 during trading hours on Friday, reaching $66.10. The stock had a trading volume of 565,713 shares, compared to its average volume of 981,392. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 4.82 and a beta of 1.21. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.37 and a quick ratio of 1.37. The business’s 50 day moving average price is $61.57 and its 200-day moving average price is $61.14. Regency Centers Co. has a 52 week low of $56.29 and a 52 week high of $68.47.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th were issued a $0.67 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a yield of 4.05%. Regency Centers’s dividend payout ratio is presently 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.