Xponance Inc. Has $1.59 Million Stake in Regency Centers Co. (NASDAQ:REG)

Xponance Inc. decreased its position in shares of Regency Centers Co. (NASDAQ:REG) by 8.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,744 shares of the company’s stock after selling 2,236 shares during the period. Xponance Inc.’s holdings in Regency Centers were worth $1,591,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased 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 worth $1,686,832,000 after buying an additional 1,645,784 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Regency Centers by 1.2% during the third quarter. Principal Financial Group Inc. now owns 7,330,089 shares of the company’s stock valued at $435,697,000 after purchasing an additional 90,051 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Regency Centers by 22.0% during the third quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company’s stock valued at $317,914,000 after purchasing an additional 964,488 shares during the last quarter. Invesco Ltd. grew its stake in shares of Regency Centers by 115.7% during the third quarter. Invesco Ltd. now owns 4,852,979 shares of the company’s stock valued at $288,461,000 after purchasing an additional 2,603,320 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Regency Centers by 10.5% during the third quarter. FMR LLC now owns 4,077,220 shares of the company’s stock valued at $242,350,000 after purchasing an additional 388,148 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Evercore ISI raised shares of Regency Centers from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $69.00 to $71.00 in a research note on Monday, January 22nd. Truist Financial raised their price objective 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. Mizuho started coverage on shares of Regency Centers in a research report on Thursday, April 18th. They set a “neutral” rating and a $60.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Regency Centers in a research report on Tuesday, January 30th. They set a “buy” rating and a $74.00 price target on the stock. Finally, 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 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.73.

Regency Centers Stock Up 1.5 %

Shares of REG stock opened at $60.08 on Wednesday. The firm’s fifty day moving average price is $60.01 and its two-hundred day moving average price is $61.73. Regency Centers Co. has a 1 year low of $54.72 and a 1 year high of $68.47. The firm has a market capitalization of $11.10 billion, a P/E ratio of 29.45, a PEG ratio of 3.90 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date was Tuesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is presently 131.37%.

Regency Centers Profile

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.