Aberdeen Group plc Buys 49,171 Shares of Regency Centers Corporation $REG

Aberdeen Group plc lifted its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 8.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 632,828 shares of the company’s stock after purchasing an additional 49,171 shares during the quarter. Aberdeen Group plc owned about 0.35% of Regency Centers worth $45,959,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new position in shares of Regency Centers during the 3rd quarter valued at approximately $1,083,000. Inspire Investing LLC boosted its stake in Regency Centers by 441.4% during the third quarter. Inspire Investing LLC now owns 21,736 shares of the company’s stock worth $1,585,000 after buying an additional 17,721 shares during the period. Pacific Heights Asset Management LLC increased its position in Regency Centers by 50.0% during the third quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock valued at $16,402,000 after acquiring an additional 75,000 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Regency Centers by 1.4% in the second quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock valued at $339,669,000 after acquiring an additional 65,719 shares during the period. Finally, Generate Investment Management Ltd raised its stake in shares of Regency Centers by 73.2% in the third quarter. Generate Investment Management Ltd now owns 115,457 shares of the company’s stock valued at $8,417,000 after acquiring an additional 48,803 shares during the period. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on REG shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $76.00 price objective (down from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Tuesday, January 20th. Robert W. Baird set a $84.00 price objective on Regency Centers in a report on Tuesday, February 10th. Royal Bank Of Canada upgraded Regency Centers to a “sector perform” rating in a research report on Friday, January 9th. Finally, Mizuho restated a “neutral” rating and issued a $74.00 price target (down from $77.00) on shares of Regency Centers in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Regency Centers currently has a consensus rating of “Hold” and an average price target of $78.79.

Regency Centers Trading Up 0.7%

Shares of NASDAQ:REG opened at $76.18 on Tuesday. The company has a market capitalization of $13.93 billion, a PE ratio of 27.21, a P/E/G ratio of 2.83 and a beta of 0.94. The company has a current ratio of 1.05, a quick ratio of 1.20 and a debt-to-equity ratio of 0.68. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $78.18. The business’s fifty day simple moving average is $70.85 and its 200-day simple moving average is $71.09.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.755 per share. The ex-dividend date is Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.0%. Regency Centers’s payout ratio is presently 107.86%.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.