Regency Centers Co. (NASDAQ:REG) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 150.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,092 shares of the company's stock after purchasing an additional 18,658 shares during the quarter. Victory Capital Management Inc.'s holdings in Regency Centers were worth $2,083,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. CVA Family Office LLC bought a new stake in shares of Regency Centers during the 4th quarter worth $27,000. Capital Analysts LLC bought a new position in shares of Regency Centers during the 4th quarter valued at about $27,000. Glass Jacobson Investment Advisors llc purchased a new position in shares of Regency Centers during the 3rd quarter valued at about $26,000. Financial Gravity Asset Management Inc. lifted its position in Regency Centers by 641.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company's stock worth $27,000 after buying an additional 398 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in Regency Centers in the third quarter worth approximately $57,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

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

Regency Centers Stock Up 1.3 %

Shares of REG stock traded up $0.77 during midday trading on Friday, reaching $60.89. 1,138,887 shares of the stock were exchanged, compared to its average volume of 1,148,740. Regency Centers Co. has a 1 year low of $54.72 and a 1 year high of $68.47. The firm has a market cap of $11.25 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 3.70 and a beta of 1.16. The company's 50 day moving average is $59.38 and its two-hundred day moving average is $61.76. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.64.

Regency Centers Announces Dividend

The company 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. The ex-dividend date is Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a yield of 4.40%. Regency Centers's dividend payout ratio (DPR) is 130.73%.

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.