Regency Centers Co. (NASDAQ:REG) Short Interest Up 22.8% in March

Regency Centers Co. (NASDAQ:REG - Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,750,000 shares, a growth of 22.8% from the March 15th total of 2,240,000 shares. Based on an average daily volume of 1,250,000 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Investors Weigh In On Regency Centers

Several institutional investors have recently added to or reduced their stakes in REG. CVA Family Office LLC purchased a new stake in shares of Regency Centers in the fourth quarter worth about $27,000. Capital Analysts LLC purchased a new stake in shares of Regency Centers in the fourth quarter worth about $27,000. Glass Jacobson Investment Advisors llc purchased a new stake in shares of Regency Centers in the third quarter worth about $26,000. Financial Gravity Asset Management Inc. lifted its holdings in shares of Regency Centers by 641.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company's stock worth $27,000 after buying an additional 398 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Regency Centers in the third quarter worth about $29,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Stock Performance

NASDAQ REG traded down $0.57 during trading on Monday, hitting $57.92. 1,623,138 shares of the company's stock traded hands, compared to its average volume of 1,269,557. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 3.85 and a beta of 1.16. Regency Centers has a 12-month low of $54.72 and a 12-month high of $68.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 0.85. The business has a 50 day moving average of $60.39 and a 200-day moving average of $61.72.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend was Tuesday, March 12th. Regency Centers's dividend payout ratio (DPR) is presently 131.37%.

Analysts Set New Price Targets

A number of research firms have weighed in on REG. Truist Financial boosted their target price on shares of Regency Centers from $71.00 to $72.00 and gave the stock a "buy" rating in a report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft began coverage on shares of Regency Centers in a report on Tuesday, January 30th. They set a "buy" rating and a $74.00 target price on the stock. Evercore ISI raised shares of Regency Centers from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $69.00 to $71.00 in a report on Monday, January 22nd. Wells Fargo & Company started coverage on shares of Regency Centers in a report on Thursday, February 1st. They set an "overweight" rating and a $70.00 target price on the stock. Finally, Morgan Stanley upgraded shares of Regency Centers from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $62.00 to $75.00 in a research report on Thursday, December 21st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Regency Centers currently has an average rating of "Moderate Buy" and a consensus price target of $71.80.

Regency Centers Company 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.