Duality Advisers LP Takes $3.37 Million Position in Regency Centers Co. (NASDAQ:REG)

Duality Advisers LP bought a new position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,353 shares of the company's stock, valued at approximately $3,374,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC increased its position in shares of Regency Centers by 11.1% during the fourth quarter. Signaturefd LLC now owns 1,625 shares of the company's stock worth $109,000 after purchasing an additional 162 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Regency Centers by 4.0% during the fourth quarter. Greenleaf Trust now owns 4,429 shares of the company's stock worth $297,000 after buying an additional 170 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Regency Centers by 2.2% during the third quarter. PNC Financial Services Group Inc. now owns 12,636 shares of the company's stock worth $751,000 after buying an additional 271 shares during the last quarter. Aviva PLC grew its holdings in shares of Regency Centers by 4.5% during the third quarter. Aviva PLC now owns 6,673 shares of the company's stock worth $397,000 after buying an additional 286 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Regency Centers by 9.5% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,851 shares of the company's stock worth $229,000 after buying an additional 335 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Mizuho assumed coverage on Regency Centers in a report on Thursday, April 18th. They set a "neutral" rating and a $60.00 price target on the stock. Evercore ISI raised Regency Centers from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $69.00 to $71.00 in a report on Monday, January 22nd. Truist Financial raised their price target on Regency Centers from $71.00 to $72.00 and gave the stock a "buy" rating in a report on Tuesday, January 16th. 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 on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Regency Centers in a report on Tuesday, January 30th. They set a "buy" rating and a $74.00 price target on the stock. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $70.73.

Regency Centers Price Performance

Shares of NASDAQ:REG traded up $0.87 during trading on Tuesday, hitting $60.08. 700,145 shares of the stock were exchanged, compared to its average volume of 1,249,662. The company has a fifty day moving average price of $60.01 and a two-hundred day moving average price of $61.73. The company has a market cap of $11.10 billion, a PE ratio of 29.45, a P/E/G ratio of 3.84 and a beta of 1.16. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. Regency Centers Co. has a 12-month low of $54.72 and a 12-month high of $68.47.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend was Tuesday, March 12th. Regency Centers's dividend payout ratio (DPR) is 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.