Wellington Management Group LLP Buys 22,435 Shares of Regency Centers Co. (NASDAQ:REG)

Wellington Management Group LLP raised its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 386.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,234 shares of the company's stock after buying an additional 22,435 shares during the quarter. Wellington Management Group LLP's holdings in Regency Centers were worth $1,678,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of REG. HighTower Advisors LLC boosted its position in shares of Regency Centers by 46.2% during the first quarter. HighTower Advisors LLC now owns 18,448 shares of the company's stock worth $1,309,000 after buying an additional 5,833 shares during the period. Private Advisor Group LLC purchased a new stake in Regency Centers during the 1st quarter worth approximately $243,000. MetLife Investment Management LLC boosted its position in Regency Centers by 24.0% in the 1st quarter. MetLife Investment Management LLC now owns 42,220 shares of the company's stock valued at $3,012,000 after buying an additional 8,175 shares during the period. Panagora Asset Management Inc. increased its position in shares of Regency Centers by 125.3% during the first quarter. Panagora Asset Management Inc. now owns 10,723 shares of the company's stock worth $765,000 after acquiring an additional 5,964 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Regency Centers by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,618 shares of the company's stock valued at $1,471,000 after purchasing an additional 1,277 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company assumed coverage on Regency Centers in a report on Thursday, February 1st. They set an "overweight" rating and a $70.00 price target for the company. Evercore ISI upgraded shares of Regency Centers from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $69.00 to $71.00 in a research report on Monday, January 22nd. Truist Financial increased their target price on shares of Regency Centers from $71.00 to $72.00 and gave the company a "buy" rating in a research report on Tuesday, January 16th. Compass Point upgraded shares of Regency Centers from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a research note on Thursday, November 30th. Finally, Morgan Stanley upgraded Regency Centers from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $62.00 to $75.00 in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.80.

Regency Centers Price Performance

REG stock traded up $0.39 during midday trading on Friday, hitting $60.56. 1,415,270 shares of the stock were exchanged, compared to its average volume of 1,231,596. 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 stock has a market cap of $11.19 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 3.96 and a beta of 1.17. Regency Centers Co. has a fifty-two week low of $54.72 and a fifty-two week high of $68.47. The stock's 50-day moving average price is $61.26 and its 200-day moving average price is $61.93.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.43%. The ex-dividend date is Tuesday, March 12th. Regency Centers's payout ratio is 131.37%.

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.