Natixis Buys 3,197 Shares of Regency Centers Co. (NASDAQ:REG)

Natixis lifted its stake in Regency Centers Co. (NASDAQ:REG) by 21.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,964 shares of the company’s stock after buying an additional 3,197 shares during the quarter. Natixis’ holdings in Regency Centers were worth $1,088,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Signaturefd LLC boosted its position in Regency Centers by 11.1% during the fourth quarter. Signaturefd LLC now owns 1,625 shares of the company’s stock worth $109,000 after purchasing an additional 162 shares in the last quarter. Greenleaf Trust boosted its position in Regency Centers by 4.0% during the fourth quarter. Greenleaf Trust now owns 4,429 shares of the company’s stock worth $297,000 after purchasing an additional 170 shares in the last quarter. New Mexico Educational Retirement Board boosted its position in Regency Centers by 2.5% during the first quarter. New Mexico Educational Retirement Board now owns 8,250 shares of the company’s stock worth $500,000 after purchasing an additional 200 shares in the last quarter. Naviter Wealth LLC boosted its position in Regency Centers by 2.0% during the first quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock worth $667,000 after purchasing an additional 218 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC boosted its position in Regency Centers by 13.3% during the first quarter. SYSTM Wealth Solutions LLC now owns 2,303 shares of the company’s stock worth $140,000 after purchasing an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of NASDAQ:REG traded down $0.63 during midday trading on Thursday, hitting $64.16. The company had a trading volume of 1,233,687 shares, compared to its average volume of 1,148,406. Regency Centers Co. has a twelve month low of $56.29 and a twelve 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. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 4.84 and a beta of 1.21. The business’s 50-day simple moving average is $62.01 and its 200-day simple moving average is $61.17.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors 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 annualized dividend and a dividend yield of 4.18%. Regency Centers’s dividend payout ratio is presently 130.73%.

Analysts Set New Price Targets

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

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.