Magnetar Financial LLC Takes Position in Regency Centers Co. (NASDAQ:REG)

Magnetar Financial LLC bought a new stake in shares of Regency Centers Co. (NASDAQ:REG) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 38,362 shares of the company’s stock, valued at approximately $2,323,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CVA Family Office LLC bought a new position in Regency Centers during the fourth quarter worth $27,000. Capital Analysts LLC bought a new position in Regency Centers during the fourth quarter worth $27,000. Fidelis Capital Partners LLC bought a new position in Regency Centers during the first quarter worth $27,000. EntryPoint Capital LLC bought a new position in Regency Centers during the first quarter worth $52,000. Finally, Covestor Ltd lifted its stake in Regency Centers by 29.4% during the first quarter. Covestor Ltd now owns 1,575 shares of the company’s stock worth $95,000 after purchasing an additional 358 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Regency Centers Stock Performance

Shares of REG traded up $1.20 during trading hours on Friday, reaching $65.36. 702,631 shares of the company’s stock traded hands, compared to its average volume of 908,676. The firm has a market capitalization of $12.08 billion, a price-to-earnings ratio of 31.88, a P/E/G ratio of 4.77 and a beta of 1.21. 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 twelve month low of $56.29 and a twelve month high of $68.47. The business’s fifty day simple moving average is $62.10 and its two-hundred day simple moving average is $61.15.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Wednesday, June 12th. Regency Centers’s payout ratio is currently 130.73%.

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.