LPL Financial LLC boosted its position in Regency Centers Co. (NASDAQ:REG) by 20.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,298 shares of the company’s stock after buying an additional 1,894 shares during the quarter. LPL Financial LLC’s holdings in Regency Centers were worth $515,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Signaturefd LLC boosted its stake in shares of Regency Centers by 70.1% in the 4th quarter. Signaturefd LLC now owns 1,420 shares of the company’s stock valued at $65,000 after purchasing an additional 585 shares in the last quarter. Ellevest Inc. grew its stake in shares of Regency Centers by 970.8% during the fourth quarter. Ellevest Inc. now owns 3,009 shares of the company’s stock worth $137,000 after buying an additional 2,728 shares during the last quarter. Somerset Trust Co acquired a new position in shares of Regency Centers during the fourth quarter worth $201,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Regency Centers during the fourth quarter worth about $203,000. Finally, XTX Markets LLC bought a new stake in Regency Centers during the 4th quarter worth approximately $206,000. Hedge funds and other institutional investors own 89.22% of the company’s stock.
Shares of REG opened at $59.13 on Friday. The firm has a market cap of $10.04 billion, a PE ratio of 219.01, a price-to-earnings-growth ratio of 9.26 and a beta of 1.03. Regency Centers Co. has a 52-week low of $33.29 and a 52-week high of $60.15. The business’s 50 day moving average price is $57.32 and its two-hundred day moving average price is $49.90. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.98 and a current ratio of 1.98.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 6th. Shareholders of record on Monday, March 15th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 4.03%. The ex-dividend date was Friday, March 12th. Regency Centers’s dividend payout ratio (DPR) is currently 61.18%.
In other news, VP Dan M. Chandler III sold 10,000 shares of the stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $58.10, for a total transaction of $581,000.00. 1.00% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Regency Centers from $50.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday. Wells Fargo & Company upped their price target on Regency Centers from $52.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, March 16th. Truist raised their price objective on Regency Centers from $50.00 to $57.00 in a research report on Wednesday, March 31st. Argus reiterated a “hold” rating on shares of Regency Centers in a report on Wednesday, March 10th. Finally, Compass Point raised shares of Regency Centers from a “neutral” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Monday, January 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Regency Centers presently has a consensus rating of “Hold” and an average price target of $52.88.
About Regency Centers
Regency Centers Corp. operates as a real estate investment trust, which engages in the ownership, operation, and development of retail shopping centers. Its portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to its neighborhoods, communities, and customers.
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