GAMMA Investing LLC Makes New Investment in Regency Centers Co. (NASDAQ:REG)

GAMMA Investing LLC bought a new position in Regency Centers Co. (NASDAQ:REG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,702 shares of the company’s stock, valued at approximately $107,000.

A number of other large investors have also recently bought and sold shares of REG. Invesco Ltd. lifted its holdings in Regency Centers by 115.7% in the third quarter. Invesco Ltd. now owns 4,852,979 shares of the company’s stock worth $288,461,000 after acquiring an additional 2,603,320 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Regency Centers by 6.2% during the third 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. raised its holdings in Regency Centers by 22.0% during the third quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company’s stock worth $317,914,000 after purchasing an additional 964,488 shares in the last quarter. Aew Capital Management L P lifted its position in shares of Regency Centers by 68.0% in the third quarter. Aew Capital Management L P now owns 1,140,330 shares of the company’s stock worth $67,781,000 after buying an additional 461,560 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Regency Centers by 165.6% during the 3rd quarter. Barclays PLC now owns 711,096 shares of the company’s stock worth $42,267,000 after acquiring an additional 443,407 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Down 1.3 %

Regency Centers stock opened at $58.28 on Monday. The business has a 50 day moving average price of $59.90 and a two-hundred day moving average price of $61.73. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 3.84 and a beta of 1.16. Regency Centers Co. has a 12 month low of $54.72 and a 12 month high of $68.47. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.60.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Tuesday, March 12th. Regency Centers’s payout ratio is presently 131.37%.

Wall Street Analyst Weigh In

REG has been the topic of a number of recent analyst reports. Mizuho assumed coverage on Regency Centers in a research note on Thursday, April 18th. They issued a “neutral” rating and a $60.00 price objective on the stock. Evercore ISI raised shares of Regency Centers from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $69.00 to $71.00 in a report on Monday, January 22nd. Truist Financial raised their target price on shares of Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Wells Fargo & Company started coverage on shares of Regency Centers in a research report on Thursday, February 1st. They set an “overweight” rating and a $70.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Regency Centers in a report on Tuesday, January 30th. They set a “buy” rating and a $74.00 price target for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Regency Centers presently has a consensus rating of “Moderate Buy” and an average price target of $70.73.

About Regency Centers

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.