Duality Advisers LP Invests $3.37 Million in Regency Centers Co. (NASDAQ:REG)

Duality Advisers LP bought a new position in shares of Regency Centers Co. (NASDAQ:REG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 50,353 shares of the company’s stock, valued at approximately $3,374,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Regency Centers by 6.2% in the third quarter. Vanguard Group Inc. now owns 28,378,732 shares of the company’s stock valued at $1,686,832,000 after purchasing an additional 1,645,784 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Regency Centers by 1.2% in the third quarter. Principal Financial Group Inc. now owns 7,330,089 shares of the company’s stock valued at $435,697,000 after purchasing an additional 90,051 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Regency Centers by 22.0% in the third quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company’s stock valued at $317,914,000 after purchasing an additional 964,488 shares during the last quarter. Invesco Ltd. increased its holdings in Regency Centers by 115.7% in the third quarter. Invesco Ltd. now owns 4,852,979 shares of the company’s stock valued at $288,461,000 after purchasing an additional 2,603,320 shares during the last quarter. Finally, FMR LLC increased its holdings in Regency Centers by 10.5% in the third quarter. FMR LLC now owns 4,077,220 shares of the company’s stock valued at $242,350,000 after purchasing an additional 388,148 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of recent analyst reports. Evercore ISI upgraded Regency Centers from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $69.00 to $71.00 in a report on Monday, January 22nd. Wells Fargo & Company assumed coverage on Regency Centers in a research note on Thursday, February 1st. They issued an “overweight” rating and a $70.00 target price for the company. Mizuho assumed coverage on Regency Centers in a research note on Thursday, April 18th. They issued a “neutral” rating and a $60.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Regency Centers in a research note on Tuesday, January 30th. They issued a “buy” rating and a $74.00 target price for the company. Finally, Truist Financial boosted their target price on Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.73.

Regency Centers Stock Up 1.4 %

REG stock opened at $59.21 on Tuesday. Regency Centers Co. has a fifty-two week low of $54.72 and a fifty-two week high of $68.47. The stock has a market capitalization of $10.94 billion, a P/E ratio of 29.02, a P/E/G ratio of 3.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50-day moving average of $60.02 and a 200-day moving average of $61.72.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were issued a dividend of $0.67 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.68 annualized dividend and a yield of 4.53%. Regency Centers’s payout ratio is presently 131.37%.

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.