Regency Centers Co. (NASDAQ:REG) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 11.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,727 shares of the company's stock after acquiring an additional 7,424 shares during the period. QRG Capital Management Inc.'s holdings in Regency Centers were worth $5,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Norden Group LLC purchased a new position in shares of Regency Centers during the 1st quarter worth $321,000. Janney Montgomery Scott LLC increased its stake in Regency Centers by 8.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,824 shares of the company's stock worth $292,000 after buying an additional 358 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Regency Centers during the 1st quarter worth approximately $27,000. SG Americas Securities LLC raised its stake in shares of Regency Centers by 750.6% in the first quarter. SG Americas Securities LLC now owns 200,308 shares of the company's stock valued at $12,131,000 after acquiring an additional 176,760 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Regency Centers by 1.4% during the 1st quarter. Swiss National Bank now owns 525,128 shares of the company's stock worth $31,802,000 after purchasing an additional 7,000 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analysts Set New Price Targets

REG has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on Regency Centers from $69.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their price target on shares of Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a research report on Monday. Truist Financial raised their price objective on Regency Centers from $70.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Robert W. Baird boosted their target price on Regency Centers from $71.00 to $78.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Finally, KeyCorp began coverage on Regency Centers in a research note on Friday, October 25th. They set an "overweight" rating and a $80.00 price target on the stock. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Regency Centers presently has an average rating of "Buy" and an average price target of $76.92.

Regency Centers Price Performance

Shares of Regency Centers stock traded down $0.27 during trading on Wednesday, reaching $72.89. The company's stock had a trading volume of 760,230 shares, compared to its average volume of 1,089,962. The company has a market capitalization of $13.23 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 4.50 and a beta of 1.21. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $75.26. The business has a 50 day moving average price of $72.16 and a 200-day moving average price of $66.37. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.50). The company 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 period in the prior year, the firm posted $1.02 EPS. As a group, sell-side analysts anticipate that Regency Centers Co. will post 4.24 EPS for the current year.

Regency Centers Company 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.