Regency Centers Co. (NASDAQ:REG) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 46.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 591,246 shares of the company’s stock after acquiring an additional 188,033 shares during the period. Russell Investments Group Ltd. owned approximately 0.32% of Regency Centers worth $39,658,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CVA Family Office LLC acquired a new stake in shares of Regency Centers in the fourth quarter valued at approximately $27,000. Capital Analysts LLC purchased a new stake in Regency Centers in the 4th quarter valued at approximately $27,000. Glass Jacobson Investment Advisors llc acquired a new stake in Regency Centers during the 3rd quarter valued at $26,000. Financial Gravity Asset Management Inc. increased its position in Regency Centers by 641.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company’s stock worth $27,000 after buying an additional 398 shares in the last quarter. Finally, Bogart Wealth LLC acquired a new position in shares of Regency Centers in the third quarter worth $31,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on REG shares. Evercore ISI upgraded Regency Centers from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $69.00 to $71.00 in a research report on Monday, January 22nd. Wells Fargo & Company began coverage on shares of Regency Centers in a research report on Thursday, February 1st. They issued an “overweight” rating and a $70.00 price objective for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Regency Centers in a research report on Tuesday, January 30th. They set a “buy” rating and a $74.00 target price on the stock. Mizuho initiated coverage on Regency Centers in a report on Thursday, April 18th. They issued a “neutral” rating and a $60.00 price target for the company. Finally, Truist Financial raised their price objective on Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.73.

Regency Centers Stock Performance

Shares of REG stock opened at $59.01 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The company has a market cap of $10.90 billion, a PE ratio of 28.93, a P/E/G ratio of 3.84 and a beta of 1.16. The company’s fifty day simple moving average is $59.87 and its 200-day simple moving average is $61.73. Regency Centers Co. has a 52 week low of $54.72 and a 52 week high of $68.47.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 4.54%. The ex-dividend date was Tuesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is presently 131.37%.

Regency Centers Company 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.