Regency Centers Co. (NASDAQ:REG) Shares Purchased by abrdn plc

abrdn plc boosted its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 199.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,059 shares of the company's stock after buying an additional 249,929 shares during the period. abrdn plc owned approximately 0.21% of Regency Centers worth $27,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC purchased a new stake in shares of Regency Centers during the first quarter valued at $27,000. Quest Partners LLC increased its holdings in shares of Regency Centers by 25,250.0% in the second quarter. Quest Partners LLC now owns 507 shares of the company's stock valued at $32,000 after purchasing an additional 505 shares during the period. Family Firm Inc. purchased a new position in shares of Regency Centers in the second quarter worth about $44,000. Blue Trust Inc. raised its stake in shares of Regency Centers by 582.1% in the second quarter. Blue Trust Inc. now owns 839 shares of the company's stock worth $51,000 after purchasing an additional 716 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Regency Centers during the first quarter worth about $52,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Michael R. Herman sold 1,000 shares of the firm's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the sale, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on REG. Truist Financial raised their price target on shares of Regency Centers from $70.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Compass Point boosted their target price on shares of Regency Centers from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. Wells Fargo & Company increased their price target on Regency Centers from $69.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 28th. Raymond James upped their target price on Regency Centers from $67.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. lifted their price target on Regency Centers from $71.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $76.67.

Regency Centers Trading Down 0.0 %

Shares of Regency Centers stock traded down $0.02 on Friday, reaching $71.42. The company had a trading volume of 932,813 shares, compared to its average volume of 1,091,896. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $75.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.95. The firm's 50 day moving average price is $72.14 and its two-hundred day moving average price is $66.14. The firm has a market cap of $12.96 billion, a PE ratio of 33.53, a PEG ratio of 4.52 and a beta of 1.21.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.50). The firm had revenue of $360.27 million for the quarter, compared to analysts' expectations of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same quarter in the prior year, the business earned $1.02 earnings per share. Sell-side analysts predict that Regency Centers Co. will post 4.24 earnings per share for the current fiscal year.

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.