Intact Investment Management Inc. Has $6.26 Million Stake in Regency Centers Co. (NASDAQ:REG)

Intact Investment Management Inc. lifted its stake in Regency Centers Co. (NASDAQ:REG) by 6.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 86,650 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Intact Investment Management Inc.’s holdings in Regency Centers were worth $6,259,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in REG. Fidelis Capital Partners LLC acquired a new position in Regency Centers in the 1st quarter valued at $27,000. Quest Partners LLC grew its holdings in shares of Regency Centers by 25,250.0% during the 2nd quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after purchasing an additional 505 shares in the last quarter. Family Firm Inc. bought a new position in shares of Regency Centers in the second quarter worth $44,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Regency Centers by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock valued at $58,000 after purchasing an additional 600 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Regency Centers by 582.1% during the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after purchasing an additional 716 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Truist Financial raised their target price on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. lifted their price objective on shares of Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. KeyCorp initiated coverage on shares of Regency Centers in a research report on Friday, October 25th. They set an “overweight” rating and a $80.00 price objective for the company. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and raised their target price for the company from $70.00 to $75.00 in a report on Thursday, September 26th. Finally, Wells Fargo & Company boosted their price target on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $76.67.

Insider Activity at Regency Centers

In related news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the sale, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Regency Centers Stock Down 0.0 %

Shares of NASDAQ:REG opened at $71.42 on Monday. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $75.26. The company has a market capitalization of $12.96 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 4.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.95. The company has a fifty day moving average of $72.14 and a 200-day moving average of $66.27.

Regency Centers (NASDAQ:REG) last issued 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). Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. The firm had revenue of $360.27 million during the quarter, compared to analyst estimates of $355.17 million. During the same period in the previous year, the company earned $1.02 EPS. On average, equities analysts predict that Regency Centers Co. will post 4.24 EPS for the current fiscal year.

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.