abrdn plc Trims Holdings in Regency Centers Co. (NASDAQ:REG)

abrdn plc decreased its holdings in Regency Centers Co. (NASDAQ:REG) by 44.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,866 shares of the company’s stock after selling 170,752 shares during the quarter. abrdn plc’s holdings in Regency Centers were worth $14,061,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of REG. AE Wealth Management LLC acquired a new position in Regency Centers in the 3rd quarter valued at $287,000. Newbridge Financial Services Group Inc. acquired a new position in Regency Centers in the 3rd quarter valued at $29,000. Czech National Bank increased its stake in Regency Centers by 57.7% in the 3rd 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 Regency Centers by 2.3% in the 3rd 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 Regency Centers by 9.4% in the 3rd 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. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

Regency Centers Price Performance

NASDAQ:REG opened at $59.06 on Friday. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 3.92 and a beta of 1.16. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average is $59.95 and its two-hundred day moving average is $61.70. Regency Centers Co. has a 12-month low of $54.72 and a 12-month high of $68.47.

Regency Centers Dividend Announcement

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

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.