International Assets Investment Management LLC Acquires 18,313 Shares of Regency Centers Co. (NASDAQ:REG)

International Assets Investment Management LLC lifted its stake in Regency Centers Co. (NASDAQ:REG) by 7,209.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,567 shares of the company’s stock after acquiring an additional 18,313 shares during the period. International Assets Investment Management LLC’s holdings in Regency Centers were worth $1,341,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Greenleaf Trust grew its holdings in Regency Centers by 5.5% in the third quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock worth $330,000 after purchasing an additional 238 shares during the last quarter. Friedenthal Financial acquired a new stake in Regency Centers during the 3rd quarter worth about $807,000. Blue Trust Inc. grew its position in Regency Centers by 310.1% during the third quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $249,000 after buying an additional 2,602 shares during the period. Vert Asset Management LLC raised its position in Regency Centers by 0.8% during the third quarter. Vert Asset Management LLC now owns 70,677 shares of the company’s stock worth $5,105,000 after acquiring an additional 576 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Regency Centers by 6.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,721 shares of the company’s stock valued at $3,591,000 after purchasing an additional 2,840 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on REG. JPMorgan Chase & Co. increased their price target on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday. Wells Fargo & Company increased their price target on shares of Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Compass Point raised their price objective on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Truist Financial upped their target price on shares of Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Evercore ISI raised shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Two 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. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $76.92.

Regency Centers Stock Up 1.2 %

Shares of NASDAQ REG opened at $72.28 on Tuesday. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $75.26. 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 firm has a 50-day moving average price of $72.16 and a 200 day moving average price of $66.37. The stock has a market capitalization of $13.12 billion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 4.45 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. The business had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. During the same period last year, the firm earned $1.02 earnings per share. Equities research analysts anticipate that Regency Centers Co. will post 4.24 EPS for the current fiscal year.

Insider Activity at Regency Centers

In other Regency Centers 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 transaction of $69,570.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

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.