abrdn plc Purchases 15,186 Shares of Regency Centers Co. (NASDAQ:REG)

abrdn plc raised its position in Regency Centers Co. (NASDAQ:REGFree Report) by 4.2% in the 3rd quarter, Holdings Channel reports. The firm owned 380,618 shares of the company’s stock after buying an additional 15,186 shares during the period. abrdn plc’s holdings in Regency Centers were worth $22,624,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Regency Centers in the fourth quarter valued at approximately $1,011,208,000. JPMorgan Chase & Co. boosted its holdings in shares of Regency Centers by 59.4% in the second quarter. JPMorgan Chase & Co. now owns 4,384,004 shares of the company’s stock valued at $270,800,000 after buying an additional 1,634,028 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Regency Centers by 98,059.9% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,457,675 shares of the company’s stock valued at $90,041,000 after buying an additional 1,456,190 shares during the period. State Street Corp boosted its holdings in shares of Regency Centers by 8.1% in the first quarter. State Street Corp now owns 11,923,732 shares of the company’s stock valued at $857,927,000 after buying an additional 890,452 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Regency Centers by 119.7% in the second quarter. Goldman Sachs Group Inc. now owns 1,233,170 shares of the company’s stock valued at $73,139,000 after buying an additional 671,905 shares during the period. Institutional investors own 90.59% of the company’s stock.

Wall Street Analyst Weigh In

REG has been the subject of several recent research reports. Truist Financial increased their target price on shares of Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Compass Point upgraded shares of Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a report on Thursday, November 30th. StockNews.com initiated coverage on shares of Regency Centers in a report on Thursday, October 5th. They set a “hold” rating for the company. Morgan Stanley upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $62.00 to $75.00 in a report on Thursday, December 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Regency Centers in a report on Tuesday. They set a “buy” rating and a $74.00 target price for the company. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Regency Centers currently has an average rating of “Moderate Buy” and an average price target of $72.00.

Read Our Latest Analysis on Regency Centers

Regency Centers Stock Performance

Shares of REG stock opened at $63.18 on Wednesday. The stock has a market cap of $11.66 billion, a P/E ratio of 29.66, a P/E/G ratio of 4.38 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.78 and a quick ratio of 0.78. The company has a fifty day moving average price of $64.49 and a two-hundred day moving average price of $62.76. Regency Centers Co. has a one year low of $54.72 and a one year high of $68.56.

Regency Centers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Thursday, December 14th were paid a $0.67 dividend. The ex-dividend date was Wednesday, December 13th. This represents a $2.68 dividend on an annualized basis and a yield of 4.24%. This is a boost from Regency Centers’s previous quarterly dividend of $0.65. Regency Centers’s dividend payout ratio (DPR) is currently 125.82%.

Regency Centers Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Regency Centers (NASDAQ:REG)

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