Regency Centers Co. (NASDAQ:REG) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Regency Centers Co. (NASDAQ:REG) by 107.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,100 shares of the company’s stock after purchasing an additional 46,100 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Regency Centers were worth $5,396,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of REG. Norges Bank acquired a new position in Regency Centers in the 4th quarter worth about $1,140,242,000. Principal Financial Group Inc. lifted its position in shares of Regency Centers by 16.5% in the first quarter. Principal Financial Group Inc. now owns 8,565,897 shares of the company’s stock valued at $518,751,000 after acquiring an additional 1,210,906 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Regency Centers by 3.0% in the first quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock valued at $1,749,520,000 after acquiring an additional 830,572 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Regency Centers by 67.0% during the first quarter. Russell Investments Group Ltd. now owns 987,147 shares of the company’s stock worth $59,768,000 after purchasing an additional 395,901 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Regency Centers by 143.4% during the first quarter. BNP Paribas Financial Markets now owns 435,673 shares of the company’s stock worth $26,384,000 after purchasing an additional 256,679 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on REG shares. Mizuho upgraded Regency Centers from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $61.00 to $67.00 in a research report on Tuesday, July 9th. Truist Financial dropped their price target 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, Scotiabank dropped their price target 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. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.64.

Regency Centers Stock Performance

NASDAQ REG opened at $64.16 on Friday. The stock’s fifty day moving average is $62.01 and its two-hundred day moving average is $61.17. The firm has a market capitalization of $11.86 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 4.73 and a beta of 1.21. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.37 and a current ratio of 1.37. Regency Centers Co. has a fifty-two week low of $56.29 and a fifty-two week high of $68.47.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Wednesday, June 12th. Regency Centers’s dividend payout ratio (DPR) is currently 130.73%.

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.