Hyman Charles D Has $714,000 Stake in Regency Centers Co. (NASDAQ:REG)

Hyman Charles D grew its holdings in Regency Centers Co. (NASDAQ:REG) by 60.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,652 shares of the company’s stock after buying an additional 4,000 shares during the period. Hyman Charles D’s holdings in Regency Centers were worth $714,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in REG. Glass Jacobson Investment Advisors llc acquired a new stake in Regency Centers during the 3rd quarter worth approximately $26,000. Financial Gravity Asset Management Inc. lifted its holdings in Regency Centers by 641.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company’s stock worth $27,000 after purchasing an additional 398 shares during the last quarter. CVA Family Office LLC acquired a new stake in Regency Centers during the 4th quarter worth approximately $27,000. Capital Analysts LLC bought a new position in Regency Centers during the 4th quarter worth $27,000. Finally, Bogart Wealth LLC bought a new position in Regency Centers during the 3rd quarter worth $31,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on REG. Evercore ISI upgraded Regency Centers from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $69.00 to $71.00 in a research note on Monday, January 22nd. Truist Financial raised their price objective on Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Mizuho started coverage on Regency Centers in a research note on Thursday, April 18th. They set a “neutral” rating and a $60.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on Regency Centers in a research note on Tuesday, January 30th. They issued a “buy” rating and a $74.00 price target on the stock. Finally, Wells Fargo & Company started coverage on Regency Centers in a research note on Thursday, February 1st. They issued an “overweight” rating and a $70.00 price target on the stock. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Regency Centers has an average rating of “Moderate Buy” and an average price target of $70.73.

Regency Centers Price Performance

REG stock traded up $0.51 during midday trading on Tuesday, reaching $59.44. 1,056,012 shares of the stock were exchanged, compared to its average volume of 1,263,964. The stock has a market capitalization of $10.98 billion, a PE ratio of 29.00, a P/E/G ratio of 3.88 and a beta of 1.16. Regency Centers Co. has a 52 week low of $54.72 and a 52 week 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 company has a fifty day moving average price of $59.72 and a 200 day moving average price of $61.71.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be given 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 yield of 4.51%. Regency Centers’s dividend payout ratio is currently 130.73%.

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.