Los Angeles Capital Management LLC Lowers Position in Regency Centers Co. (NASDAQ:REG)

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

Several other institutional investors have also recently made changes to their positions in REG. Natixis Advisors L.P. lifted its holdings in Regency Centers by 20.5% during the fourth quarter. Natixis Advisors L.P. now owns 69,328 shares of the company’s stock worth $4,644,000 after acquiring an additional 11,818 shares during the period. New York Life Investment Management LLC raised its stake in shares of Regency Centers by 0.8% during the 4th quarter. New York Life Investment Management LLC now owns 43,269 shares of the company’s stock worth $2,899,000 after purchasing an additional 351 shares during the period. Victory Capital Management Inc. raised its stake in shares of Regency Centers by 150.1% during the 4th quarter. Victory Capital Management Inc. now owns 31,092 shares of the company’s stock worth $2,083,000 after purchasing an additional 18,658 shares during the period. Duff & Phelps Investment Management Co. boosted its holdings in shares of Regency Centers by 1.2% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,263,296 shares of the company’s stock worth $84,641,000 after buying an additional 14,950 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Regency Centers by 14.8% during the fourth quarter. Van ECK Associates Corp now owns 69,293 shares of the company’s stock valued at $4,643,000 after buying an additional 8,927 shares during the period. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of Regency Centers stock opened at $59.00 on Monday. The stock has a market capitalization of $10.90 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 3.88 and a beta of 1.16. Regency Centers Co. has a one year low of $54.72 and a one year high of $68.47. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.37 and a quick ratio of 0.85. The business’s 50 day simple moving average is $59.74 and its two-hundred day simple moving average is $61.71.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be issued a dividend of $0.67 per share. The ex-dividend date is Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.54%. Regency Centers’s dividend payout ratio is currently 130.73%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. 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 note on Monday, January 22nd. 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 target on the stock. Truist Financial lifted their price objective on shares of Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a research note 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 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Regency Centers in a research report on Tuesday, January 30th. They issued a “buy” rating and a $74.00 price target for the company. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.