Regency Centers Co. (NASDAQ:REG) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,483,677 shares of the company's stock after buying an additional 89,882 shares during the quarter. Dimensional Fund Advisors LP owned about 1.35% of Regency Centers worth $166,409,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of REG. Invesco Ltd. raised its stake in 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 buying an additional 2,603,320 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Regency Centers by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 28,378,732 shares of the company's stock valued at $1,686,832,000 after purchasing an additional 1,645,784 shares during the last quarter. JPMorgan Chase & Co. grew its position in Regency Centers by 22.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company's stock worth $317,914,000 after purchasing an additional 964,488 shares during the last quarter. Aew Capital Management L P grew its position in Regency Centers by 68.0% during the 3rd quarter. Aew Capital Management L P now owns 1,140,330 shares of the company's stock worth $67,781,000 after purchasing an additional 461,560 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Regency Centers by 165.6% in the third quarter. Barclays PLC now owns 711,096 shares of the company's stock worth $42,267,000 after buying an additional 443,407 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Regency Centers in a research note on Thursday, February 1st. They set an "overweight" rating and a $70.00 price objective for the company. Scotiabank lowered their price objective on shares of Regency Centers from $68.00 to $65.00 and set a "sector perform" rating for the company in a research note on Thursday. Mizuho assumed coverage on shares of Regency Centers in a research note on Thursday, April 18th. They set a "neutral" rating and a $60.00 price objective for the company. Evercore ISI upgraded shares of Regency Centers from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $69.00 to $71.00 in a research note on Monday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Regency Centers in a research note on Tuesday, January 30th. They set a "buy" rating and a $74.00 price objective for the company. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and a consensus target price of $70.25.

Regency Centers Price Performance

Shares of REG stock traded up $0.77 during mid-day trading on Friday, hitting $60.89. 1,138,887 shares of the stock were exchanged, compared to its average volume of 1,234,784. Regency Centers Co. has a 52-week low of $54.72 and a 52-week high of $68.47. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.64. The company has a market cap of $11.25 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 3.73 and a beta of 1.16. The firm has a fifty day moving average of $59.40 and a 200 day moving average of $61.73.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 4.40%. The ex-dividend date is Wednesday, June 12th. Regency Centers's payout ratio is currently 130.73%.

About Regency Centers

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.