Short Interest in Regency Centers Corporation (NASDAQ:REG) Increases By 20.1%

Regency Centers Corporation (NASDAQ:REG) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 6,860,003 shares, an increase of 20.1% from the January 15th total of 5,711,526 shares. Based on an average trading volume of 1,429,431 shares, the days-to-cover ratio is presently 4.8 days. Currently, 3.8% of the company’s shares are sold short. Currently, 3.8% of the company’s shares are sold short. Based on an average trading volume of 1,429,431 shares, the days-to-cover ratio is presently 4.8 days.

Regency Centers Price Performance

Regency Centers stock traded down $1.12 during trading hours on Wednesday, hitting $76.07. 457,035 shares of the company traded hands, compared to its average volume of 1,376,316. Regency Centers has a 1-year low of $63.44 and a 1-year high of $78.18. The firm has a market cap of $13.91 billion, a P/E ratio of 27.16, a P/E/G ratio of 2.83 and a beta of 0.94. The firm’s 50-day simple moving average is $71.04 and its two-hundred day simple moving average is $71.13. The company has a quick ratio of 1.20, a current ratio of 1.05 and a debt-to-equity ratio of 0.68.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.02 annualized dividend and a dividend yield of 4.0%. Regency Centers’s payout ratio is currently 107.86%.

Institutional Trading of Regency Centers

A number of hedge funds have recently modified their holdings of REG. Havemeyer Place LP purchased a new stake in shares of Regency Centers during the fourth quarter worth $26,000. Hantz Financial Services Inc. grew its stake in shares of Regency Centers by 388.9% in the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after acquiring an additional 350 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 157 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Regency Centers in the second quarter valued at $31,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Regency Centers during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on REG shares. Truist Financial lowered their price target on Regency Centers from $81.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. Wells Fargo & Company boosted their target price on Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $76.00 price objective (down previously from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th. Barclays upgraded Regency Centers from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $83.00 to $82.00 in a report on Tuesday, November 18th. Finally, Royal Bank Of Canada raised shares of Regency Centers to a “sector perform” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Regency Centers has a consensus rating of “Hold” and an average price target of $78.79.

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.