Susquehanna Fundamental Investments LLC Takes $11.09 Million Position in Regency Centers Co. (NASDAQ:REG)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Regency Centers Co. (NASDAQ:REG) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 183,056 shares of the company’s stock, valued at approximately $11,086,000. Susquehanna Fundamental Investments LLC owned approximately 0.10% of Regency Centers as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of REG. Public Sector Pension Investment Board increased its position in shares of Regency Centers by 14.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 33,817 shares of the company’s stock worth $2,010,000 after purchasing an additional 4,236 shares during the last quarter. Wellington Management Group LLP lifted its stake in Regency Centers by 386.9% in the third quarter. Wellington Management Group LLP now owns 28,234 shares of the company’s stock valued at $1,678,000 after acquiring an additional 22,435 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Regency Centers by 28.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 17,856 shares of the company’s stock valued at $1,061,000 after acquiring an additional 3,965 shares during the period. Vanguard Group Inc. increased its stake in shares of Regency Centers by 6.2% during the 3rd quarter. Vanguard Group Inc. now owns 28,378,732 shares of the company’s stock worth $1,686,832,000 after purchasing an additional 1,645,784 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Regency Centers by 9.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 319,639 shares of the company’s stock valued at $18,999,000 after purchasing an additional 28,676 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Trading Up 1.3 %

Shares of NASDAQ:REG traded up $0.83 during mid-day trading on Friday, hitting $64.05. The company had a trading volume of 1,147,343 shares, compared to its average volume of 960,116. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.37 and a quick ratio of 1.37. Regency Centers Co. has a one year low of $56.29 and a one year high of $68.47. The firm has a fifty day moving average price of $60.93 and a 200 day moving average price of $61.16. The company has a market capitalization of $11.84 billion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 4.67 and a beta of 1.21.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Wednesday, June 12th. Regency Centers’s dividend payout ratio (DPR) is 130.73%.

Analysts Set New Price Targets

Several equities analysts have commented on REG shares. Mizuho upgraded shares of Regency Centers from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $61.00 to $67.00 in a report on Tuesday, July 9th. Scotiabank lowered their price target on shares of Regency Centers from $68.00 to $65.00 and set a “sector perform” rating on the stock in a report on Thursday, May 16th. Finally, Truist Financial reduced their price objective on Regency Centers from $72.00 to $70.00 and set a “buy” rating for the company in a report on Monday, May 20th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.64.

About Regency Centers

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.