Pacer Advisors Inc. Increases Position in Regency Centers Co. (NASDAQ:REG)

Pacer Advisors Inc. raised its holdings in shares of Regency Centers Co. (NASDAQ:REGFree Report) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,791 shares of the company’s stock after buying an additional 1,052 shares during the period. Pacer Advisors Inc.’s holdings in Regency Centers were worth $723,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of REG. Retirement Systems of Alabama raised its stake in shares of Regency Centers by 1.5% during the third quarter. Retirement Systems of Alabama now owns 130,908 shares of the company’s stock valued at $7,781,000 after acquiring an additional 1,917 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Regency Centers by 5.7% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 32,817 shares of the company’s stock valued at $1,951,000 after acquiring an additional 1,775 shares in the last quarter. Barclays PLC raised its stake in shares of Regency Centers by 165.6% during the third quarter. Barclays PLC now owns 711,096 shares of the company’s stock valued at $42,267,000 after acquiring an additional 443,407 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Regency Centers by 5.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 15,691 shares of the company’s stock valued at $933,000 after acquiring an additional 760 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Regency Centers by 2.3% during the third quarter. Legal & General Group Plc now owns 2,007,720 shares of the company’s stock valued at $119,339,000 after acquiring an additional 44,965 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

REG has been the subject of a number of recent research reports. Wells Fargo & Company initiated coverage on shares of Regency Centers in a research note on Thursday, February 1st. They issued an “overweight” rating and a $70.00 price objective for the company. Truist Financial boosted their price objective on shares of Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Regency Centers in a research note on Tuesday, January 30th. They issued a “buy” rating and a $74.00 price objective for the company. Morgan Stanley raised shares of Regency Centers from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $62.00 to $75.00 in a research note on Thursday, December 21st. Finally, Evercore ISI raised shares of Regency Centers from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $69.00 to $71.00 in a research note on Monday, January 22nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.80.

Check Out Our Latest Analysis on REG

Regency Centers Stock Performance

Shares of REG stock opened at $59.74 on Thursday. The business’s fifty day simple moving average is $61.07 and its 200-day simple moving average is $61.83. The company has a market cap of $11.04 billion, a PE ratio of 29.28, a PEG ratio of 3.93 and a beta of 1.16. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. Regency Centers Co. has a 12-month low of $54.72 and a 12-month high of $68.47.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date was Tuesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is presently 131.37%.

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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