Regency Centers Co. (NASDAQ:REG) Shares Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. increased its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 22.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,467 shares of the company’s stock after acquiring an additional 1,165 shares during the period. iA Global Asset Management Inc.’s holdings in Regency Centers were worth $392,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of REG. Norges Bank acquired a new stake in Regency Centers in the 4th quarter worth about $1,140,242,000. Principal Financial Group Inc. boosted its holdings in Regency Centers by 16.5% in the 1st quarter. Principal Financial Group Inc. now owns 8,565,897 shares of the company’s stock worth $518,751,000 after buying an additional 1,210,906 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Regency Centers by 10.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock worth $547,995,000 after buying an additional 873,062 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Regency Centers by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock worth $1,749,520,000 after buying an additional 830,572 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Regency Centers by 67.0% in the 1st quarter. Russell Investments Group Ltd. now owns 987,147 shares of the company’s stock worth $59,768,000 after buying an additional 395,901 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Up 2.6 %

Shares of REG stock traded up $1.80 on Friday, reaching $70.36. 1,048,190 shares of the stock were exchanged, compared to its average volume of 1,147,057. 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 business’s 50 day moving average price is $62.72 and its 200 day moving average price is $61.27. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 4.91 and a beta of 1.21. Regency Centers Co. has a twelve month low of $56.29 and a twelve month high of $71.11.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on REG shares. Truist Financial decreased their target price on shares of Regency Centers from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Scotiabank decreased their target price on shares of Regency Centers from $68.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 16th. Finally, Mizuho raised shares of Regency Centers from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $61.00 to $67.00 in a research note on Tuesday, July 9th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.64.

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.