Versor Investments LP Makes New Investment in Regency Centers Co. (NASDAQ:REG)

Versor Investments LP acquired a new stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,245 shares of the company's stock, valued at approximately $523,000.

Other hedge funds have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its position in shares of Regency Centers by 7.9% during the third quarter. Crossmark Global Holdings Inc. now owns 9,486 shares of the company's stock worth $685,000 after acquiring an additional 696 shares during the last quarter. Harvest Portfolios Group Inc. raised its stake in shares of Regency Centers by 123.1% in the third quarter. Harvest Portfolios Group Inc. now owns 24,328 shares of the company's stock valued at $1,757,000 after acquiring an additional 13,424 shares during the period. James J. Burns & Company LLC purchased a new stake in shares of Regency Centers in the third quarter valued at $216,000. QRG Capital Management Inc. raised its stake in shares of Regency Centers by 11.4% in the third quarter. QRG Capital Management Inc. now owns 72,727 shares of the company's stock valued at $5,253,000 after acquiring an additional 7,424 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in shares of Regency Centers by 3.9% in the third quarter. Asset Management One Co. Ltd. now owns 366,702 shares of the company's stock valued at $26,487,000 after acquiring an additional 13,863 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

REG has been the topic of several recent analyst reports. Raymond James raised their price target on shares of Regency Centers from $67.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, August 16th. Truist Financial increased their target price on shares of Regency Centers from $70.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Compass Point increased their target price on shares of Regency Centers from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, September 10th. Evercore ISI upgraded shares of Regency Centers from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Finally, Mizuho raised their price target on shares of Regency Centers from $67.00 to $73.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Regency Centers has an average rating of "Buy" and an average target price of $76.92.

Regency Centers Stock Down 0.3 %

Regency Centers stock traded down $0.20 during midday trading on Thursday, hitting $73.66. 1,034,602 shares of the company were exchanged, compared to its average volume of 1,095,047. The company's fifty day moving average price is $72.37 and its 200-day moving average price is $67.03. The company has a market cap of $13.37 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 4.53 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $75.26.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.50). The business had revenue of $360.27 million during the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same period in the previous year, the company earned $1.02 earnings per share. On average, research analysts predict that Regency Centers Co. will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be paid a $0.705 dividend. This is a boost from Regency Centers's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.82 annualized dividend and a dividend yield of 3.83%. Regency Centers's dividend payout ratio is presently 125.82%.

Insider Transactions at Regency Centers

In other news, VP Michael R. Herman sold 1,000 shares of the company's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the sale, the vice president now directly owns 13,010 shares of the company's stock, valued at $905,105.70. This represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company's stock.

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.