7,346 Shares in Regency Centers Co. (NASDAQ:REG) Acquired by Inspire Investing LLC

Inspire Investing LLC purchased a new position in shares of Regency Centers Co. (NASDAQ:REG) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,346 shares of the company’s stock, valued at approximately $445,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Regency Centers in the first quarter worth $11,086,000. Tectonic Advisors LLC raised its holdings in shares of Regency Centers by 15.6% in the 1st quarter. Tectonic Advisors LLC now owns 6,030 shares of the company’s stock valued at $365,000 after acquiring an additional 814 shares in the last quarter. Swiss National Bank raised its holdings in shares of Regency Centers by 1.4% in the 1st quarter. Swiss National Bank now owns 525,128 shares of the company’s stock valued at $31,802,000 after acquiring an additional 7,000 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Regency Centers by 750.6% during the 1st quarter. SG Americas Securities LLC now owns 200,308 shares of the company’s stock valued at $12,131,000 after acquiring an additional 176,760 shares during the last quarter. Finally, FORA Capital LLC grew its holdings in shares of Regency Centers by 493.7% during the first quarter. FORA Capital LLC now owns 25,061 shares of the company’s stock worth $1,518,000 after purchasing an additional 20,840 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

REG has been the subject of several research analyst reports. Scotiabank dropped their target price on shares of Regency Centers from $68.00 to $65.00 and set a “sector perform” rating for the company in a research report on Thursday, May 16th. Mizuho raised Regency Centers from a “neutral” rating to an “outperform” rating and increased their target price for the company from $61.00 to $67.00 in a research note on Tuesday, July 9th. Finally, Truist Financial dropped their price target on Regency Centers from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Regency Centers has a consensus rating of “Moderate Buy” and a consensus price target of $70.64.

Regency Centers Trading Up 1.5 %

NASDAQ REG opened at $65.13 on Wednesday. The stock has a 50-day moving average of $61.15 and a 200-day moving average of $61.12. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.64. Regency Centers Co. has a 1-year low of $56.29 and a 1-year high of $68.47. The firm has a market cap of $12.03 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 4.68 and a beta of 1.21.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Wednesday, June 12th. Regency Centers’s dividend payout ratio (DPR) is presently 130.73%.

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.