Virtu Financial LLC Invests $726,000 in Regency Centers Co. (NASDAQ:REG)

Virtu Financial LLC acquired a new stake in shares of Regency Centers Co. (NASDAQ:REG) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,986 shares of the company’s stock, valued at approximately $726,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its holdings in shares of Regency Centers by 0.3% during the fourth quarter. Raymond James & Associates now owns 122,378 shares of the company’s stock worth $8,199,000 after purchasing an additional 420 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Regency Centers by 10.8% in the 4th quarter. Pacer Advisors Inc. now owns 10,791 shares of the company’s stock valued at $723,000 after buying an additional 1,052 shares during the period. Fifth Third Bancorp grew its holdings in Regency Centers by 123.8% in the 4th quarter. Fifth Third Bancorp now owns 5,185 shares of the company’s stock valued at $347,000 after buying an additional 2,868 shares during the period. State of Michigan Retirement System increased its stake in shares of Regency Centers by 6.1% during the 4th quarter. State of Michigan Retirement System now owns 45,004 shares of the company’s stock valued at $3,015,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Regency Centers by 0.7% in the fourth quarter. Arizona State Retirement System now owns 45,674 shares of the company’s stock worth $3,060,000 after acquiring an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

REG has been the topic of a number of research analyst reports. Mizuho upgraded shares of Regency Centers from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $61.00 to $67.00 in a report on Tuesday, July 9th. Truist Financial reduced their price objective 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. Finally, Scotiabank dropped their target price on shares of Regency Centers from $68.00 to $65.00 and set a “sector perform” rating for the company in a research report on Thursday, May 16th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.64.

Regency Centers Stock Up 2.5 %

Shares of NASDAQ REG opened at $70.29 on Friday. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 5.00 and a beta of 1.21. Regency Centers Co. has a 1 year low of $56.29 and a 1 year high of $71.30. 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 stock’s 50-day simple moving average is $62.94 and its 200-day simple moving average is $61.31.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers’s dividend payout ratio (DPR) 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.