Jump Financial LLC Buys Shares of 11,817 Regency Centers Co. (NASDAQ:REG)

Jump Financial LLC acquired a new stake in shares of Regency Centers Co. (NASDAQ:REGFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,817 shares of the company’s stock, valued at approximately $702,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its position in shares of Regency Centers by 7.8% in the third quarter. Arizona State Retirement System now owns 45,338 shares of the company’s stock valued at $2,695,000 after purchasing an additional 3,262 shares during the period. abrdn plc raised its position in shares of Regency Centers by 4.2% in the third quarter. abrdn plc now owns 380,618 shares of the company’s stock valued at $22,624,000 after purchasing an additional 15,186 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Regency Centers by 12.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 251,849 shares of the company’s stock valued at $14,970,000 after purchasing an additional 28,849 shares during the period. Retirement Systems of Alabama raised its position in shares of Regency Centers by 1.5% in the third quarter. Retirement Systems of Alabama now owns 130,908 shares of the company’s stock valued at $7,781,000 after purchasing an additional 1,917 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Regency Centers by 8.1% in the third quarter. Assenagon Asset Management S.A. now owns 4,981 shares of the company’s stock valued at $296,000 after purchasing an additional 375 shares during the period. Institutional investors own 90.59% of the company’s stock.

Analyst Upgrades and Downgrades

REG has been the topic of a number of recent analyst reports. Morgan Stanley raised shares of Regency Centers from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $62.00 to $75.00 in a research report on Thursday, December 21st. Evercore ISI raised shares of 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. Compass Point raised shares of Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Thursday, November 30th. Wells Fargo & Company assumed coverage on shares of Regency Centers in a research report on Thursday, February 1st. They set an “overweight” rating and a $70.00 target price on the stock. Finally, Truist Financial lifted their price target on shares of Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and an average target price of $71.80.

Get Our Latest Stock Report on REG

Regency Centers Stock Performance

Regency Centers stock opened at $61.94 on Thursday. The stock has a 50-day simple moving average of $64.60 and a 200 day simple moving average of $62.68. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.58. Regency Centers Co. has a 12-month low of $54.72 and a 12-month high of $68.47. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 29.08, a P/E/G ratio of 4.29 and a beta of 1.18.

About Regency Centers

(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.

Featured Stories

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

Receive News & Ratings for Regency Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers and related companies with MarketBeat.com's FREE daily email newsletter.