7,418 Shares in Regency Centers Corporation $REG Bought by Summit Global Investments

Summit Global Investments bought a new stake in shares of Regency Centers Corporation (NASDAQ:REG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,418 shares of the company’s stock, valued at approximately $533,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Generali Asset Management SPA SGR raised its position in shares of Regency Centers by 1.7% during the 3rd quarter. Generali Asset Management SPA SGR now owns 8,720 shares of the company’s stock valued at $627,000 after buying an additional 143 shares in the last quarter. Tema ETFs LLC lifted its holdings in shares of Regency Centers by 7.1% during the 2nd quarter. Tema ETFs LLC now owns 2,184 shares of the company’s stock worth $174,000 after acquiring an additional 145 shares during the last quarter. Somerset Trust Co grew its position in Regency Centers by 5.5% in the second quarter. Somerset Trust Co now owns 3,422 shares of the company’s stock worth $273,000 after acquiring an additional 177 shares in the last quarter. North Dakota State Investment Board grew its position in Regency Centers by 3.9% in the third quarter. North Dakota State Investment Board now owns 5,584 shares of the company’s stock worth $401,000 after acquiring an additional 212 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Regency Centers by 5.4% in the second quarter. GAMMA Investing LLC now owns 5,311 shares of the company’s stock valued at $423,000 after acquiring an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings downgraded Regency Centers from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Argus set a $85.00 price target on shares of Regency Centers in a research report on Monday, August 10th. Evercore set a $83.00 target price on shares of Regency Centers in a research note on Thursday, July 30th. Wells Fargo & Company dropped their target price on shares of Regency Centers from $88.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, October 23rd. Finally, Mizuho cut their target price on Regency Centers from $82.00 to $76.00 and set a “neutral” rating on the stock in a research note on Thursday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

Regency Centers Stock Performance

NASDAQ:REG opened at $75.58 on Tuesday. The stock has a market cap of $13.84 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 4.39 and a beta of 0.80. The firm’s fifty day simple moving average is $73.71 and its 200 day simple moving average is $76.61. Regency Centers Corporation has a twelve month low of $66.86 and a twelve month high of $83.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were paid a dividend of $0.7550 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.0%. Regency Centers’s payout ratio is presently 102.37%.

About Regency Centers

Regency Centers Corporation is a real estate investment trust that owns, operates, develops and redevelops grocery-anchored shopping centers in the United States. Its properties are designed to serve everyday consumer needs and typically include supermarkets, restaurants, service providers, retailers and other commercial tenants.

The company focuses primarily on high-quality shopping centers located in established and growing communities, often in affluent or densely populated trade areas.