Los Angeles Capital Management LLC Decreases Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Los Angeles Capital Management LLC trimmed its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 53.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,753 shares of the company's stock after selling 68,199 shares during the period. Los Angeles Capital Management LLC's holdings in Regency Centers were worth $4,003,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in REG. Vanguard Group Inc. raised its position in shares of Regency Centers by 6.2% during the 3rd quarter. Vanguard Group Inc. now owns 28,378,732 shares of the company's stock valued at $1,686,832,000 after acquiring an additional 1,645,784 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Regency Centers by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 7,330,089 shares of the company's stock worth $435,697,000 after purchasing an additional 90,051 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Regency Centers by 22.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company's stock valued at $317,914,000 after purchasing an additional 964,488 shares during the period. Invesco Ltd. lifted its holdings in shares of Regency Centers by 115.7% in the third quarter. Invesco Ltd. now owns 4,852,979 shares of the company's stock valued at $288,461,000 after purchasing an additional 2,603,320 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Regency Centers by 10.5% during the third quarter. FMR LLC now owns 4,077,220 shares of the company's stock worth $242,350,000 after buying an additional 388,148 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Trading Down 0.1 %

NASDAQ REG traded down $0.07 during trading hours on Monday, hitting $58.93. 783,694 shares of the company's stock were exchanged, compared to its average volume of 1,266,355. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 3.88 and a beta of 1.16. Regency Centers Co. has a 1-year low of $54.72 and a 1-year high of $68.47. The stock has a 50-day simple moving average of $59.74 and a 200 day simple moving average of $61.71. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Wednesday, June 12th. Regency Centers's payout ratio is 130.73%.

Wall Street Analysts Forecast Growth

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

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.