Journey Strategic Wealth LLC Purchases Shares of 4,594 Regency Centers Co. (NASDAQ:REG)

Journey Strategic Wealth LLC acquired a new stake in shares of Regency Centers Co. (NASDAQ:REGFree Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,594 shares of the company’s stock, valued at approximately $273,000.

Several other large investors also recently bought and sold shares of REG. Retirement Systems of Alabama boosted its stake 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 worth $7,781,000 after acquiring an additional 1,917 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Regency Centers by 5.7% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 32,817 shares of the company’s stock valued at $1,951,000 after buying an additional 1,775 shares in the last quarter. Barclays PLC raised its stake in Regency Centers by 294.2% during the 2nd quarter. Barclays PLC now owns 267,689 shares of the company’s stock worth $16,535,000 after acquiring an additional 199,776 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Regency Centers by 5.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,691 shares of the company’s stock valued at $933,000 after acquiring an additional 760 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in shares of Regency Centers by 6.0% in the second quarter. Handelsbanken Fonder AB now owns 33,500 shares of the company’s stock valued at $2,069,000 after purchasing an additional 1,900 shares during the period. Hedge funds and other institutional investors own 90.59% of the company’s stock.

Regency Centers Price Performance

NASDAQ:REG opened at $61.23 on Tuesday. The business’s 50-day moving average price is $64.58 and its 200 day moving average price is $62.71. The firm has a market cap of $11.30 billion, a P/E ratio of 28.75, a PEG ratio of 4.32 and a beta of 1.18. Regency Centers Co. has a 52-week low of $54.72 and a 52-week high of $68.47. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.58.

Wall Street Analysts Forecast Growth

REG has been the topic of several analyst reports. Truist Financial raised 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. Evercore ISI upgraded Regency Centers from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $69.00 to $71.00 in a report on Monday, January 22nd. Morgan Stanley upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $62.00 to $75.00 in a report on Thursday, December 21st. Wells Fargo & Company assumed coverage on shares of Regency Centers in a report on Thursday, February 1st. They set an “overweight” rating and a $70.00 target price on the stock. Finally, Compass Point upgraded shares of Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Thursday, November 30th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and an average target price of $71.80.

Get Our Latest Stock Analysis on Regency Centers

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.

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

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