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

Summit Global Investments purchased a new stake in shares of Regency Centers Corporation (NASDAQ:REG) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,418 shares of the company’s stock, valued at approximately $533,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. North Dakota State Investment Board lifted its position in Regency Centers by 3.9% during the third quarter. North Dakota State Investment Board now owns 5,584 shares of the company’s stock valued at $401,000 after buying an additional 212 shares during the period. Generali Asset Management SPA SGR boosted its holdings 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. Asset Management One Co. Ltd. grew its position in shares of Regency Centers by 4.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 350,944 shares of the company’s stock worth $25,226,000 after buying an additional 13,771 shares during the period. Miller Howard Investments Inc. NY purchased a new stake in shares of Regency Centers in the 3rd quarter worth about $21,567,000. Finally, V Square Quantitative Management LLC grew its position in shares of Regency Centers by 26.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 5,201 shares of the company’s stock worth $374,000 after buying an additional 1,079 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Truist Financial began coverage on shares of Regency Centers in a research note on Thursday, October 1st. They issued a “buy” rating and a $84.00 price target for the company. Griffin Securities set a $81.00 price objective on shares of Regency Centers in a research note on Monday, September 21st. UBS Group cut their price objective on shares of Regency Centers from $85.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. Wells Fargo & Company decreased their target price on shares of Regency Centers from $88.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday, October 23rd. Finally, Scotiabank lowered their target price on shares of Regency Centers from $82.00 to $81.00 and set a “sector perform” rating for the company in a report on Thursday, September 17th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.00.

Regency Centers Trading Up 1.3%

Regency Centers stock opened at $75.58 on Tuesday. Regency Centers Corporation has a 12 month low of $66.86 and a 12 month high of $83.66. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 4.39 and a beta of 0.80. The business’s fifty day simple moving average is $73.71 and its two-hundred day simple moving average is $76.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71.

Regency Centers Announces Dividend

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