QRG Capital Management Inc. Has $8.33 Million Stock Position in Regency Centers Co. (NASDAQ:REG)

QRG Capital Management Inc. lowered its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 53.5% during the first quarter, Holdings Channel reports. The firm owned 137,594 shares of the company’s stock after selling 158,321 shares during the period. QRG Capital Management Inc.’s holdings in Regency Centers were worth $8,333,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. CVA Family Office LLC bought a new stake in Regency Centers during the fourth quarter valued at about $27,000. Capital Analysts LLC acquired a new position in shares of Regency Centers during the fourth quarter worth approximately $27,000. Fidelis Capital Partners LLC bought a new stake in shares of Regency Centers in the first quarter valued at approximately $27,000. Principal Securities Inc. acquired a new stake in shares of Regency Centers in the fourth quarter worth $106,000. Finally, GAMMA Investing LLC bought a new position in Regency Centers during the fourth quarter worth $107,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Trading Up 1.5 %

REG traded up $0.94 during trading on Tuesday, reaching $65.13. 426,057 shares of the company’s stock were exchanged, compared to its average volume of 1,158,348. The company’s fifty day moving average price is $61.04 and its 200-day moving average price is $61.13. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $12.03 billion, a PE ratio of 31.31, a P/E/G ratio of 4.67 and a beta of 1.21. Regency Centers Co. has a fifty-two week low of $56.29 and a fifty-two week high of $68.47.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.11%. Regency Centers’s dividend payout ratio is 130.73%.

Wall Street Analyst Weigh In

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

Regency Centers Company 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.