International Assets Investment Management LLC Buys 16,610 Shares of Regency Centers Co. (NASDAQ:REG)

International Assets Investment Management LLC grew its stake in shares of Regency Centers Co. (NASDAQ:REG) by 6,591.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,862 shares of the company’s stock after acquiring an additional 16,610 shares during the period. International Assets Investment Management LLC’s holdings in Regency Centers were worth $1,130,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Retirement Systems of Alabama boosted its position in shares of Regency Centers by 1.5% in the third quarter. Retirement Systems of Alabama now owns 130,908 shares of the company’s stock valued at $7,781,000 after acquiring an additional 1,917 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Regency Centers by 5.7% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 32,817 shares of the company’s stock valued at $1,951,000 after purchasing an additional 1,775 shares during the period. Barclays PLC grew its position in shares of Regency Centers by 165.6% during the 3rd quarter. Barclays PLC now owns 711,096 shares of the company’s stock worth $42,267,000 after purchasing an additional 443,407 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Regency Centers by 5.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 15,691 shares of the company’s stock worth $933,000 after purchasing an additional 760 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Regency Centers by 2.3% in the third quarter. Legal & General Group Plc now owns 2,007,720 shares of the company’s stock valued at $119,339,000 after buying an additional 44,965 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Up 1.4 %

Shares of REG opened at $59.21 on Tuesday. 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 Co. has a 52 week low of $54.72 and a 52 week high of $68.47. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 3.84 and a beta of 1.16. The stock has a fifty day moving average of $60.02 and a 200-day moving average of $61.72.

Regency Centers Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 4.53%. Regency Centers’s dividend payout ratio is presently 131.37%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Truist Financial increased their price target on Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Evercore ISI raised Regency Centers from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $69.00 to $71.00 in a research note on Monday, January 22nd. 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 on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Regency Centers in a research report on Tuesday, January 30th. They issued a “buy” rating and a $74.00 target price for the company. Finally, Wells Fargo & Company started coverage on shares of Regency Centers in a research note on Thursday, February 1st. They issued an “overweight” rating and a $70.00 price objective on the stock. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.73.

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.