Raymond James & Associates Has $7.18 Million Stock Position in Regency Centers Co. (NASDAQ:REG)

Raymond James & Associates boosted its position in Regency Centers Co. (NASDAQ:REGGet Rating) by 1.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 100,686 shares of the company’s stock after acquiring an additional 1,251 shares during the period. Raymond James & Associates’ holdings in Regency Centers were worth $7,183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in Regency Centers by 31.4% in the first quarter. Fifth Third Bancorp now owns 2,042 shares of the company’s stock worth $146,000 after acquiring an additional 488 shares in the last quarter. Kentucky Retirement Systems lifted its holdings in shares of Regency Centers by 3.5% in the first quarter. Kentucky Retirement Systems now owns 9,822 shares of the company’s stock valued at $701,000 after purchasing an additional 331 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Regency Centers by 0.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 164,200 shares of the company’s stock valued at $12,372,000 after purchasing an additional 1,100 shares in the last quarter. Comerica Bank lifted its holdings in shares of Regency Centers by 4.2% in the first quarter. Comerica Bank now owns 40,286 shares of the company’s stock valued at $2,929,000 after purchasing an additional 1,629 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Regency Centers in the fourth quarter valued at approximately $3,490,000. Institutional investors own 90.32% of the company’s stock.

Regency Centers Stock Performance

NASDAQ:REG opened at $60.48 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.87. The business has a fifty day simple moving average of $63.64 and a two-hundred day simple moving average of $62.79. Regency Centers Co. has a 1 year low of $55.78 and a 1 year high of $78.78. The company has a market capitalization of $10.42 billion, a P/E ratio of 21.37, a P/E/G ratio of 4.41 and a beta of 1.10.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Thursday, September 15th will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Wednesday, September 14th. Regency Centers’s dividend payout ratio is currently 88.34%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on REG. Compass Point dropped their target price on Regency Centers from $75.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, June 22nd. Evercore ISI raised their target price on Regency Centers to $72.00 in a report on Monday, August 15th. Credit Suisse Group initiated coverage on Regency Centers in a report on Wednesday, June 22nd. They issued a “neutral” rating and a $56.00 target price on the stock. Truist Financial lifted their price target on Regency Centers from $67.00 to $75.00 in a report on Monday, August 22nd. Finally, BTIG Research dropped their price target on Regency Centers from $77.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, July 6th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $69.91.

Regency Centers Profile

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Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.

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Institutional Ownership by Quarter for Regency Centers (NASDAQ:REG)

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