Russell Investments Group Ltd. Has $39.66 Million Stake in Regency Centers Co. (NASDAQ:REG)

Russell Investments Group Ltd. grew its stake in Regency Centers Co. (NASDAQ:REG) by 46.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 591,246 shares of the company’s stock after buying an additional 188,033 shares during the period. Russell Investments Group Ltd.’s holdings in Regency Centers were worth $39,658,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. AE Wealth Management LLC acquired a new position in Regency Centers in the 3rd quarter valued at $287,000. Czech National Bank increased its stake in shares of Regency Centers by 57.7% in the third quarter. Czech National Bank now owns 28,719 shares of the company’s stock worth $1,707,000 after purchasing an additional 10,503 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Regency Centers by 9.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,518 shares of the company’s stock worth $387,000 after purchasing an additional 558 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Regency Centers by 19.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 61,360 shares of the company’s stock valued at $3,647,000 after purchasing an additional 10,100 shares during the period. Finally, Chevy Chase Trust Holdings LLC boosted its stake in Regency Centers by 4.7% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 92,710 shares of the company’s stock valued at $5,511,000 after purchasing an additional 4,185 shares during the period. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on REG shares. Evercore ISI upgraded Regency Centers from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $69.00 to $71.00 in a report on Monday, January 22nd. Wells Fargo & Company initiated coverage on shares of Regency Centers in a research note on Thursday, February 1st. They set an “overweight” rating and a $70.00 target price for the company. Mizuho assumed coverage on shares of Regency Centers in a research report on Thursday, April 18th. They issued a “neutral” rating and a $60.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Regency Centers in a research report on Tuesday, January 30th. They set a “buy” rating and a $74.00 price objective for the company. Finally, Truist Financial lifted their target price on Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.73.

Regency Centers Stock Up 1.3 %

Shares of REG opened at $59.01 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $59.87 and a two-hundred day moving average price of $61.73. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 3.84 and a beta of 1.16. Regency Centers Co. has a 12 month low of $54.72 and a 12 month high of $68.47.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.68 annualized dividend and a dividend yield of 4.54%. Regency Centers’s dividend payout ratio (DPR) is presently 131.37%.

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.