Regency Centers Corporation (NASDAQ:REG) Short Interest Update

Regency Centers Corporation (NASDAQ:REG) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 6,860,003 shares, an increase of 20.1% from the January 15th total of 5,711,526 shares. Based on an average trading volume of 1,429,431 shares, the short-interest ratio is presently 4.8 days. Currently, 3.8% of the company’s shares are short sold. Currently, 3.8% of the company’s shares are short sold. Based on an average trading volume of 1,429,431 shares, the short-interest ratio is presently 4.8 days.

Regency Centers Trading Down 1.9%

Shares of REG opened at $75.72 on Thursday. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 2.86 and a beta of 0.94. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.20. Regency Centers has a 1-year low of $63.44 and a 1-year high of $78.18. The company has a 50-day moving average of $71.21 and a 200 day moving average of $71.17.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be issued a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, March 11th. Regency Centers’s dividend payout ratio (DPR) is presently 107.86%.

Hedge Funds Weigh In On Regency Centers

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in shares of Regency Centers in the 3rd quarter valued at about $1,083,000. Inspire Investing LLC raised its position in Regency Centers by 441.4% during the third quarter. Inspire Investing LLC now owns 21,736 shares of the company’s stock valued at $1,585,000 after acquiring an additional 17,721 shares in the last quarter. Pacific Heights Asset Management LLC lifted its holdings in Regency Centers by 50.0% in 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 period. Geode Capital Management LLC boosted its position in Regency Centers by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock worth $339,669,000 after purchasing an additional 65,719 shares in the last quarter. Finally, Generate Investment Management Ltd grew its stake in shares of Regency Centers by 73.2% during the 3rd quarter. Generate Investment Management Ltd now owns 115,457 shares of the company’s stock worth $8,417,000 after purchasing an additional 48,803 shares during the period. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. KeyCorp restated a “sector weight” rating on shares of Regency Centers in a research report on Thursday, December 4th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $76.00 price target (down from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th. Morgan Stanley reiterated an “overweight” rating and set a $85.00 price objective on shares of Regency Centers in a research report on Monday, January 5th. UBS Group set a $76.00 target price on shares of Regency Centers in a report on Wednesday, January 14th. Finally, Mizuho reiterated 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. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.79.

About Regency Centers

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.