Amalgamated Bank Decreases Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Amalgamated Bank cut its stake in Regency Centers Co. (NASDAQ:REG) by 4.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,214 shares of the company’s stock after selling 1,373 shares during the period. Amalgamated Bank’s holdings in Regency Centers were worth $2,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC boosted its stake in Regency Centers by 25,250.0% during the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after buying an additional 505 shares during the period. Family Firm Inc. purchased a new position in shares of Regency Centers during the 2nd quarter worth approximately $44,000. Blue Trust Inc. increased its holdings in Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after purchasing an additional 716 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Regency Centers in the first quarter valued at approximately $52,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Regency Centers by 300.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock worth $58,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

REG has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Truist Financial boosted their price target on shares of Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company lifted their price objective on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Raymond James increased their target price on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, KeyCorp assumed coverage on shares of Regency Centers in a research note on Friday, October 25th. They issued an “overweight” rating and a $80.00 price target for the company. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Regency Centers presently has an average rating of “Buy” and a consensus target price of $76.92.

Insider Buying and Selling

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the transaction, the vice president now owns 13,010 shares in the company, valued at $905,105.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Regency Centers Stock Performance

Shares of REG stock opened at $74.00 on Tuesday. The company has a market cap of $13.43 billion, a P/E ratio of 34.74, a PEG ratio of 4.60 and a beta of 1.21. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average price of $72.33 and a 200 day moving average price of $66.88. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $75.26.

Regency Centers (NASDAQ:REG) last issued its earnings results on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.50). The business had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same period last year, the business posted $1.02 EPS. Sell-side analysts predict that Regency Centers Co. will post 4.26 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.81%. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Monday, December 16th. Regency Centers’s dividend payout ratio (DPR) is 132.39%.

Regency Centers Profile

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.