Regency Centers Corporation $REG Stake Boosted by NEOS Investment Management LLC

NEOS Investment Management LLC raised its position in shares of Regency Centers Corporation (NASDAQ:REG) by 72.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,146 shares of the company’s stock after buying an additional 12,292 shares during the quarter. NEOS Investment Management LLC’s holdings in Regency Centers were worth $2,125,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. M&G PLC lifted its position in shares of Regency Centers by 6.4% in the 3rd quarter. M&G PLC now owns 3,074 shares of the company’s stock valued at $224,000 after acquiring an additional 186 shares in the last quarter. Aberdeen Group plc raised its stake in Regency Centers by 8.4% during the 3rd quarter. Aberdeen Group plc now owns 632,828 shares of the company’s stock valued at $45,959,000 after purchasing an additional 49,171 shares during the period. Naviter Wealth LLC lifted its holdings in shares of Regency Centers by 11.3% in the third quarter. Naviter Wealth LLC now owns 9,587 shares of the company’s stock valued at $706,000 after purchasing an additional 975 shares in the last quarter. Metis Global Partners LLC boosted its position in shares of Regency Centers by 28.4% in the third quarter. Metis Global Partners LLC now owns 42,421 shares of the company’s stock worth $3,092,000 after buying an additional 9,394 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of Regency Centers by 5.0% during the third quarter. Assetmark Inc. now owns 21,958 shares of the company’s stock valued at $1,601,000 after buying an additional 1,051 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on REG shares. Citigroup raised their price target on shares of Regency Centers from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Truist Financial cut their target price on shares of Regency Centers from $81.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Royal Bank Of Canada upgraded shares of Regency Centers to a “sector perform” rating in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Tuesday, January 20th. Finally, UBS Group set a $76.00 price objective on Regency Centers in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.79.

Regency Centers Stock Up 1.4%

REG stock opened at $76.85 on Friday. The firm has a market cap of $14.06 billion, a PE ratio of 27.45, a PEG ratio of 3.26 and a beta of 0.94. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18. The company has a fifty day simple moving average of $71.55 and a 200 day simple moving average of $71.23. The company has a current ratio of 1.05, a quick ratio of 1.20 and a debt-to-equity ratio of 0.68.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.9%. Regency Centers’s dividend payout ratio (DPR) is currently 107.86%.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.