Healthcare of Ontario Pension Plan Trust Fund Has $5.40 Million Stake in Regency Centers Co. (NASDAQ:REG)

Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Regency Centers Co. (NASDAQ:REG) by 107.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,100 shares of the company’s stock after acquiring 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.

Other hedge funds also recently modified their holdings of the company. CVA Family Office LLC acquired a new stake in shares of Regency Centers during the 4th quarter valued at $27,000. Capital Analysts LLC acquired a new stake in Regency Centers during the 4th quarter valued at approximately $27,000. Fidelis Capital Partners LLC acquired a new stake in Regency Centers during the 1st quarter valued at approximately $27,000. Covestor Ltd increased its position in Regency Centers by 29.4% during the 1st quarter. Covestor Ltd now owns 1,575 shares of the company’s stock valued at $95,000 after purchasing an additional 358 shares during the period. Finally, Principal Securities Inc. acquired a new stake in Regency Centers during the 4th quarter valued at approximately $106,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

REG has been the subject of a number of recent analyst reports. Mizuho raised shares of Regency Centers from a “neutral” rating to an “outperform” rating and increased their target price for the company from $61.00 to $67.00 in a research report on Tuesday, July 9th. Truist Financial decreased their target price on shares of 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 reduced their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.64.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $64.16 on Friday. The stock has a market cap of $11.86 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 4.73 and a beta of 1.21. Regency Centers Co. has a 1-year low of $56.29 and a 1-year high of $68.47. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.64. The stock’s fifty day simple moving average is $62.01 and its two-hundred day simple moving average is $61.17.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders 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 dividend yield of 4.18%. The ex-dividend date was Wednesday, June 12th. Regency Centers’s payout ratio is 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.