Duff & Phelps Investment Management Co. Has $84.64 Million Stake in Regency Centers Co. (NASDAQ:REG)

Duff & Phelps Investment Management Co. lifted its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,263,296 shares of the company's stock after acquiring an additional 14,950 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.68% of Regency Centers worth $84,641,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in REG. Glass Jacobson Investment Advisors llc acquired a new position in shares of Regency Centers in the 3rd quarter valued at about $26,000. Financial Gravity Asset Management Inc. increased its stake in Regency Centers by 641.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company's stock valued at $27,000 after buying an additional 398 shares during the period. CVA Family Office LLC acquired a new stake in shares of Regency Centers during the 4th quarter valued at $27,000. Capital Analysts LLC acquired a new stake in shares of Regency Centers during the 4th quarter valued at $27,000. Finally, Bogart Wealth LLC purchased a new position in shares of Regency Centers during the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

REG has been the subject of several recent research reports. Truist Financial boosted their price target on Regency Centers from $71.00 to $72.00 and gave the company a "buy" rating in a research note on Tuesday, January 16th. Wells Fargo & Company started coverage on Regency Centers in a research report on Thursday, February 1st. They issued an "overweight" rating and a $70.00 price target for 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 objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on Regency Centers in a report on Tuesday, January 30th. They issued a "buy" rating and a $74.00 target price for the company. Finally, Evercore ISI upgraded Regency Centers from an "in-line" rating to an "outperform" rating and increased their price target for the company from $69.00 to $71.00 in a report on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $70.73.

Regency Centers Price Performance

Shares of REG stock traded up $0.21 during trading hours on Tuesday, hitting $59.22. The company had a trading volume of 1,132,181 shares, compared to its average volume of 1,262,918. 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 firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 28.93, a PEG 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. The firm's fifty day moving average is $59.87 and its 200 day moving average is $61.73.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were given a $0.67 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $2.68 dividend on an annualized basis and a yield of 4.53%. 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.