GAMMA Investing LLC Invests $107,000 in Regency Centers Co. (NASDAQ:REG)

GAMMA Investing LLC bought a new position in shares of Regency Centers Co. (NASDAQ:REG) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,702 shares of the company’s stock, valued at approximately $107,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Regency Centers by 6.2% during the 3rd quarter. Vanguard Group Inc. now owns 28,378,732 shares of the company’s stock worth $1,686,832,000 after purchasing an additional 1,645,784 shares during the last quarter. Principal Financial Group Inc. grew its position 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 worth $435,697,000 after purchasing an additional 90,051 shares during the last quarter. JPMorgan Chase & Co. grew its position in Regency Centers by 22.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company’s stock worth $317,914,000 after purchasing an additional 964,488 shares during the last quarter. Invesco Ltd. lifted its stake in Regency Centers by 115.7% during the 3rd quarter. Invesco Ltd. now owns 4,852,979 shares of the company’s stock valued at $288,461,000 after acquiring an additional 2,603,320 shares during the period. Finally, FMR LLC lifted its stake in Regency Centers by 10.5% during the 3rd quarter. FMR LLC now owns 4,077,220 shares of the company’s stock valued at $242,350,000 after acquiring an additional 388,148 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Performance

REG opened at $58.28 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a fifty day moving average price of $59.90 and a 200 day moving average price of $61.73. Regency Centers Co. has a 1 year low of $54.72 and a 1 year high of $68.47. The stock has a market cap of $10.77 billion, a P/E ratio of 28.57, a P/E/G ratio of 3.84 and a beta of 1.16.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Tuesday, March 12th. Regency Centers’s dividend payout ratio is presently 131.37%.

Analyst Ratings Changes

Several analysts have commented on REG shares. Truist Financial lifted 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Regency Centers in a research note on Tuesday, January 30th. They set a “buy” rating and a $74.00 price objective for the company. Wells Fargo & Company started coverage on shares of Regency Centers in a research note on Thursday, February 1st. They set an “overweight” rating and a $70.00 price objective for the company. Mizuho started coverage on shares of Regency Centers in a research note on Thursday, April 18th. They set a “neutral” rating and a $60.00 price objective for the company. Finally, Evercore ISI upgraded 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 research note on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.73.

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.