Jump Financial LLC Takes $702,000 Position in Regency Centers Co. (NASDAQ:REG)

Jump Financial LLC purchased a new stake in shares of Regency Centers Co. (NASDAQ:REGFree Report) in the 3rd quarter, Holdings Channel reports. The fund purchased 11,817 shares of the company’s stock, valued at approximately $702,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Regency Centers by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 26,552,444 shares of the company’s stock worth $1,894,252,000 after acquiring an additional 425,589 shares in the last quarter. BlackRock Inc. grew its holdings in Regency Centers by 3.9% during the 1st quarter. BlackRock Inc. now owns 17,807,259 shares of the company’s stock valued at $1,089,448,000 after buying an additional 660,801 shares in the last quarter. Norges Bank purchased a new stake in Regency Centers during the 4th quarter valued at approximately $1,011,208,000. State Street Corp grew its holdings in Regency Centers by 8.1% during the 1st quarter. State Street Corp now owns 11,923,732 shares of the company’s stock valued at $857,927,000 after buying an additional 890,452 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Regency Centers by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 7,330,089 shares of the company’s stock valued at $435,697,000 after buying an additional 90,051 shares in the last quarter. Hedge funds and other institutional investors own 90.59% of the company’s stock.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $61.94 on Thursday. The stock’s fifty day moving average price is $64.60 and its 200-day moving average price is $62.68. Regency Centers Co. has a 12 month low of $54.72 and a 12 month high of $68.47. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.58. The firm has a market cap of $11.43 billion, a P/E ratio of 29.08, a P/E/G ratio of 4.29 and a beta of 1.18.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on REG shares. Wells Fargo & Company started coverage on shares of Regency Centers in a report on Thursday, February 1st. They set an “overweight” rating and a $70.00 price objective for the company. Truist Financial increased their target price on Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Evercore ISI upgraded Regency Centers from an “in-line” rating to an “outperform” rating and increased their target price for the company from $69.00 to $71.00 in a research report on Monday, January 22nd. Morgan Stanley upgraded Regency Centers from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $62.00 to $75.00 in a research report on Thursday, December 21st. Finally, Compass Point upgraded Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Thursday, November 30th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and a consensus target price of $71.80.

Check Out Our Latest Stock Report on REG

Regency Centers Company Profile

(Free Report)

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.

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

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