Versor Investments LP Purchases New Position in Regency Centers Co. (NASDAQ:REG)

Versor Investments LP acquired a new position in shares of Regency Centers Co. (NASDAQ:REG) during the third quarter, HoldingsChannel reports. The institutional investor acquired 7,245 shares of the company’s stock, valued at approximately $523,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its position in shares of Regency Centers by 3.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock valued at $295,000 after purchasing an additional 152 shares during the period. Azzad Asset Management Inc. ADV boosted its holdings in shares of Regency Centers by 4.3% in the third quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock valued at $328,000 after acquiring an additional 189 shares during the period. Tectonic Advisors LLC boosted its holdings in shares of Regency Centers by 3.0% in the third quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock valued at $501,000 after acquiring an additional 203 shares during the period. Greenleaf Trust grew its position in shares of Regency Centers by 5.5% during the third quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock worth $330,000 after acquiring an additional 238 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of Regency Centers by 7.6% in the 2nd quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock valued at $238,000 after acquiring an additional 269 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Activity

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the transaction, the vice president now owns 13,010 shares in the company, valued at approximately $905,105.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Raymond James increased their price target on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Truist Financial raised their price target on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Compass Point upped their price objective on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. KeyCorp initiated coverage on Regency Centers in a research note on Friday, October 25th. They issued an “overweight” rating and a $80.00 target price on the stock. Finally, Evercore ISI raised Regency Centers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Regency Centers has a consensus rating of “Buy” and a consensus price target of $76.92.

Regency Centers Stock Performance

Shares of REG opened at $73.86 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $75.26. The company has a 50-day simple moving average of $72.35 and a 200-day simple moving average of $66.99. The company has a market capitalization of $13.41 billion, a PE ratio of 34.77, a P/E/G ratio of 4.53 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last issued its earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). The company had revenue of $360.27 million during the quarter, compared to analysts’ expectations of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same period last year, the business posted $1.02 earnings per share. Equities research analysts predict that Regency Centers Co. will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be issued a $0.705 dividend. This is a positive change from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.82 annualized dividend and a yield of 3.82%. Regency Centers’s dividend payout ratio is 125.82%.

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.