Harvest Portfolios Group Inc. Increases Stock Position in Regency Centers Co. (NASDAQ:REG)

Harvest Portfolios Group Inc. grew its position in shares of Regency Centers Co. (NASDAQ:REG) by 123.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,328 shares of the company’s stock after purchasing an additional 13,424 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Regency Centers were worth $1,757,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in Regency Centers by 3.3% in the second quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock valued at $295,000 after purchasing an additional 152 shares during the period. Azzad Asset Management Inc. ADV increased its position in Regency Centers by 4.3% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock valued at $328,000 after acquiring an additional 189 shares during the period. Tectonic Advisors LLC raised its stake in Regency Centers by 3.0% during the 3rd quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock valued at $501,000 after acquiring an additional 203 shares during the last quarter. Greenleaf Trust lifted its position in Regency Centers by 5.5% during the 3rd quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock worth $330,000 after acquiring an additional 238 shares during the period. Finally, V Square Quantitative Management LLC grew its stake in shares of Regency Centers by 7.6% in the 2nd quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock valued at $238,000 after purchasing an additional 269 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Buying and Selling at Regency Centers

In other news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction on Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the sale, the vice president now owns 13,010 shares of the company’s stock, valued at $905,105.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Regency Centers Stock Performance

NASDAQ REG opened at $72.82 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 4.50 and a beta of 1.21. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $75.26. The business has a fifty day moving average of $72.20 and a 200-day moving average of $66.48.

Regency Centers (NASDAQ:REG) last released 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 firm had revenue of $360.27 million during the quarter, compared to analysts’ expectations of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same quarter last year, the company posted $1.02 earnings per share. As a group, analysts predict that Regency Centers Co. will post 4.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on REG. Scotiabank increased their price target on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and lifted their price target for the company from $70.00 to $75.00 in a research note on Thursday, September 26th. Truist Financial raised their target price on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 16th. Raymond James upped 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. Finally, Mizuho boosted their price objective on shares of Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Regency Centers currently has an average rating of “Buy” and a consensus target price of $76.92.

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.