Greenleaf Trust Acquires 170 Shares of Regency Centers Co. (NASDAQ:REG)

Greenleaf Trust raised its holdings in Regency Centers Co. (NASDAQ:REG) by 4.0% in the 4th quarter, HoldingsChannel reports. The firm owned 4,429 shares of the company’s stock after purchasing an additional 170 shares during the quarter. Greenleaf Trust’s holdings in Regency Centers were worth $297,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of REG. Glass Jacobson Investment Advisors llc bought a new position in Regency Centers in the 3rd quarter valued at $26,000. Financial Gravity Asset Management Inc. raised its position in Regency Centers by 641.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company’s stock valued at $27,000 after purchasing an additional 398 shares during the last quarter. CVA Family Office LLC bought a new position in Regency Centers in the 4th quarter valued at $27,000. Capital Analysts LLC bought a new position in Regency Centers in the 4th quarter valued at $27,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Regency Centers during the third quarter worth $29,000. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Up 1.5 %

Shares of Regency Centers stock opened at $60.08 on Wednesday. Regency Centers Co. has a 12 month low of $54.72 and a 12 month high of $68.47. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.60. The stock has a market cap of $11.10 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 3.90 and a beta of 1.16. The business has a fifty day simple moving average of $60.01 and a 200 day simple moving average of $61.73.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.68 dividend on an annualized basis and a yield of 4.46%. Regency Centers’s payout ratio is 131.37%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. 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 for the company. Wells Fargo & Company assumed coverage on Regency Centers in a research report on Thursday, February 1st. They set an “overweight” rating and a $70.00 target price for the company. 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 for the company. Truist Financial boosted their target price on Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Finally, Evercore ISI upgraded Regency Centers from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $69.00 to $71.00 in a research report on Monday, January 22nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.73.

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.