SG Americas Securities LLC Buys 176,760 Shares of Regency Centers Co. (NASDAQ:REG)

SG Americas Securities LLC raised its stake in Regency Centers Co. (NASDAQ:REG) by 750.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,308 shares of the company’s stock after acquiring an additional 176,760 shares during the quarter. SG Americas Securities LLC’s holdings in Regency Centers were worth $12,131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Signaturefd LLC lifted its holdings in shares of Regency Centers by 11.1% in the fourth quarter. Signaturefd LLC now owns 1,625 shares of the company’s stock worth $109,000 after acquiring an additional 162 shares during the last quarter. Greenleaf Trust increased its stake in shares of Regency Centers by 4.0% in the fourth quarter. Greenleaf Trust now owns 4,429 shares of the company’s stock valued at $297,000 after buying an additional 170 shares during the period. New Mexico Educational Retirement Board increased its stake in shares of Regency Centers by 2.5% in the first quarter. New Mexico Educational Retirement Board now owns 8,250 shares of the company’s stock valued at $500,000 after buying an additional 200 shares during the period. Naviter Wealth LLC increased its stake in shares of Regency Centers by 2.0% in the first quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock valued at $667,000 after buying an additional 218 shares during the period. Finally, SYSTM Wealth Solutions LLC increased its stake in shares of Regency Centers by 13.3% in the first quarter. SYSTM Wealth Solutions LLC now owns 2,303 shares of the company’s stock valued at $140,000 after buying an additional 271 shares during the period. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Truist Financial lowered their price objective on Regency Centers from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Mizuho raised 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 research note on Tuesday, July 9th. Finally, Scotiabank lowered their price objective on Regency Centers from $68.00 to $65.00 and set a “sector perform” rating for the company in a research note on Thursday, May 16th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.64.

Regency Centers Stock Performance

NASDAQ:REG opened at $64.05 on Friday. The company has a market capitalization of $11.84 billion, a PE ratio of 31.24, a P/E/G ratio of 4.67 and a beta of 1.21. The company has a 50 day simple moving average of $60.93 and a two-hundred day simple moving average of $61.20. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.37 and a current ratio of 1.37. 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders 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 dividend yield of 4.18%. The ex-dividend date was Wednesday, June 12th. Regency Centers’s payout ratio is 130.73%.

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.