Vert Asset Management LLC Acquires 3,734 Shares of Regency Centers Co. (NASDAQ:REG)

Vert Asset Management LLC raised its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 5.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,144 shares of the company’s stock after acquiring an additional 3,734 shares during the quarter. Regency Centers makes up approximately 1.7% of Vert Asset Management LLC’s holdings, making the stock its 21st biggest position. Vert Asset Management LLC’s holdings in Regency Centers were worth $4,127,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in REG. Norges Bank acquired a new stake in shares of Regency Centers in the 4th quarter valued at approximately $1,140,242,000. Vanguard Group Inc. boosted its holdings in shares of Regency Centers by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 28,378,732 shares of the company’s stock valued at $1,686,832,000 after buying an additional 1,645,784 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Regency Centers by 22.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company’s stock valued at $317,914,000 after buying an additional 964,488 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Regency Centers by 46.6% in the 4th quarter. Russell Investments Group Ltd. now owns 591,246 shares of the company’s stock valued at $39,658,000 after buying an additional 188,033 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Regency Centers by 117.0% in the 4th quarter. UBS Group AG now owns 270,748 shares of the company’s stock valued at $18,140,000 after buying an additional 145,953 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Regency Centers Stock Performance

REG stock traded up $0.29 during trading hours on Thursday, hitting $61.70. 52,966 shares of the stock were exchanged, compared to its average volume of 1,172,165. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $11.40 billion, a P/E ratio of 29.96, a P/E/G ratio of 4.48 and a beta of 1.19. The company has a 50-day simple moving average of $60.17 and a two-hundred day simple moving average of $61.54. Regency Centers Co. has a 12 month low of $56.29 and a 12 month high of $68.47.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Wednesday, June 12th. Regency Centers’s payout ratio is 130.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on REG shares. Truist Financial cut their price target on Regency Centers from $72.00 to $70.00 and set a “buy” rating for the company in a report on Monday, May 20th. Scotiabank cut their price target on Regency Centers from $68.00 to $65.00 and set a “sector perform” rating for the company in a report on Thursday, May 16th. Finally, Mizuho raised their price target on Regency Centers from $60.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, May 23rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.09.

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.