Duff & Phelps Investment Management Co. Increases Stock Position in Regency Centers Co. (NASDAQ:REG)

Duff & Phelps Investment Management Co. boosted its position in shares of Regency Centers Co. (NASDAQ:REG) by 1.2% in the fourth quarter, Holdings Channel reports. The fund owned 1,263,296 shares of the company’s stock after purchasing an additional 14,950 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Regency Centers were worth $84,641,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp increased its holdings in shares of Regency Centers by 14.8% in the 4th quarter. Van ECK Associates Corp now owns 69,293 shares of the company’s stock worth $4,643,000 after buying an additional 8,927 shares during the last quarter. Naviter Wealth LLC increased its position in Regency Centers by 24.1% during the 4th quarter. Naviter Wealth LLC now owns 10,683 shares of the company’s stock valued at $722,000 after buying an additional 2,078 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Regency Centers by 46.6% during the fourth quarter. Russell Investments Group Ltd. now owns 591,246 shares of the company’s stock worth $39,658,000 after buying an additional 188,033 shares during the period. Truist Financial Corp lifted its position in Regency Centers by 14.3% during the 4th quarter. Truist Financial Corp now owns 14,647 shares of the company’s stock worth $981,000 after acquiring an additional 1,837 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Regency Centers by 8.2% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,167 shares of the company’s stock worth $279,000 after purchasing an additional 316 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on REG shares. Evercore ISI upgraded Regency Centers from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $69.00 to $71.00 in a research report on Monday, January 22nd. Truist Financial lifted their target price on Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Mizuho began coverage on Regency Centers in a research report on Thursday, April 18th. They set a “neutral” rating and a $60.00 price objective on the stock. Wells Fargo & Company started coverage on shares of Regency Centers in a report on Thursday, February 1st. They issued an “overweight” rating and a $70.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on Regency Centers in a research note on Tuesday, January 30th. They set a “buy” rating and a $74.00 price target for the company. Two 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 a consensus target price of $70.73.

Regency Centers Stock Up 1.0 %

Shares of NASDAQ:REG traded up $0.59 during midday trading on Tuesday, hitting $59.60. 208,429 shares of the stock were exchanged, compared to its average volume of 1,251,574. The company has a market capitalization of $11.01 billion, a PE ratio of 28.93, a P/E/G ratio of 3.84 and a beta of 1.16. The business’s fifty day simple moving average is $59.87 and its two-hundred day simple moving average is $61.73. Regency Centers Co. has a 52-week low of $54.72 and a 52-week high of $68.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 0.85.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.67 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.68 annualized dividend and a yield of 4.50%. Regency Centers’s dividend payout ratio (DPR) is presently 131.37%.

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.