Los Angeles Capital Management LLC Sells 68,199 Shares of Regency Centers Co. (NASDAQ:REG)

Los Angeles Capital Management LLC lessened its stake in Regency Centers Co. (NASDAQ:REG) by 53.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 59,753 shares of the company’s stock after selling 68,199 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Regency Centers were worth $4,003,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Retirement Systems of Alabama grew its position in shares of Regency Centers by 1.5% during the 3rd quarter. Retirement Systems of Alabama now owns 130,908 shares of the company’s stock worth $7,781,000 after buying an additional 1,917 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in Regency Centers by 5.7% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 32,817 shares of the company’s stock valued at $1,951,000 after purchasing an additional 1,775 shares during the period. NewEdge Wealth LLC purchased a new position in Regency Centers during the 4th quarter valued at about $275,000. International Assets Investment Management LLC raised its holdings in shares of Regency Centers by 6,591.3% in the 4th quarter. International Assets Investment Management LLC now owns 16,862 shares of the company’s stock valued at $1,130,000 after purchasing an additional 16,610 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Regency Centers by 165.6% in the 3rd quarter. Barclays PLC now owns 711,096 shares of the company’s stock worth $42,267,000 after purchasing an additional 443,407 shares during the period. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on REG. Evercore ISI raised shares of Regency Centers from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $69.00 to $71.00 in a report on Monday, January 22nd. Deutsche Bank Aktiengesellschaft began coverage on Regency Centers in a research note on Tuesday, January 30th. They issued a “buy” rating and a $74.00 target price on the stock. Mizuho began 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 for the company. Truist Financial lifted their price objective on shares of Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Finally, Wells Fargo & Company assumed coverage on shares of Regency Centers in a research report on Thursday, February 1st. They set an “overweight” rating and a $70.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.73.

Regency Centers Trading Down 1.7 %

Shares of Regency Centers stock opened at $59.00 on Monday. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 3.88 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. Regency Centers Co. has a 12-month low of $54.72 and a 12-month high of $68.47. The firm’s 50 day simple moving average is $59.74 and its two-hundred day simple moving average is $61.71.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, June 12th. This represents a $2.68 annualized dividend and a yield of 4.54%. Regency Centers’s payout ratio is presently 130.73%.

About Regency Centers

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.