Caprock Group LLC Makes New $985,000 Investment in Regency Centers Corporation $REG

Caprock Group LLC purchased a new position in shares of Regency Centers Corporation (NASDAQ:REG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,585 shares of the company’s stock, valued at approximately $985,000.

Other institutional investors have also made changes to their positions in the company. Impax Asset Management Group plc bought a new stake in Regency Centers during the third quarter worth approximately $1,086,000. Krilogy Financial LLC bought a new stake in shares of Regency Centers during the 3rd quarter worth $299,000. Azzad Asset Management Inc. ADV boosted its holdings in shares of Regency Centers by 2.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 31,763 shares of the company’s stock worth $2,316,000 after buying an additional 658 shares during the period. Smartleaf Asset Management LLC grew its stake in Regency Centers by 27.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 5,634 shares of the company’s stock valued at $407,000 after buying an additional 1,221 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in Regency Centers by 6.1% in the 3rd quarter. Bessemer Group Inc. now owns 4,666 shares of the company’s stock worth $340,000 after acquiring an additional 267 shares during the period. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on REG shares. Mizuho restated a “neutral” rating and set a $74.00 price target (down from $77.00) on shares of Regency Centers in a report on Friday, January 9th. Citigroup increased their target price on Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. UBS Group set a $76.00 target price on Regency Centers in a report on Wednesday, January 14th. Royal Bank Of Canada upgraded Regency Centers to a “sector perform” rating in a report on Friday, January 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Regency Centers in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $78.79.

Regency Centers Price Performance

Shares of REG stock opened at $76.18 on Monday. The stock has a 50 day moving average of $70.68 and a two-hundred day moving average of $71.05. 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 company has a market capitalization of $13.93 billion, a P/E ratio of 27.21, a P/E/G ratio of 2.83 and a beta of 0.94.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a $0.755 dividend. 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 dividend payout ratio is currently 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.