QRG Capital Management Inc. Purchases 7,424 Shares of Regency Centers Co. (NASDAQ:REG)

QRG Capital Management Inc. raised its stake in Regency Centers Co. (NASDAQ:REG) by 11.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,727 shares of the company’s stock after purchasing an additional 7,424 shares during the period. QRG Capital Management Inc.’s holdings in Regency Centers were worth $5,253,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Regency Centers by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock valued at $1,749,520,000 after buying an additional 830,572 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Regency Centers by 10.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock valued at $547,995,000 after buying an additional 873,062 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Regency Centers by 4.2% in the 2nd quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock valued at $555,009,000 after buying an additional 357,091 shares in the last quarter. Boston Partners raised its stake in shares of Regency Centers by 4.1% in the 1st quarter. Boston Partners now owns 4,192,951 shares of the company’s stock valued at $253,902,000 after buying an additional 166,354 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Regency Centers by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company’s stock valued at $164,327,000 after buying an additional 117,368 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Insider Activity

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 transaction, the vice president now owns 13,010 shares of the company’s stock, valued at $905,105.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on REG shares. JPMorgan Chase & Co. increased their price objective on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and increased their price objective for the company from $70.00 to $75.00 in a research note on Thursday, September 26th. Raymond James increased their target price on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Evercore ISI upgraded shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, KeyCorp started coverage on shares of Regency Centers in a research report on Friday, October 25th. They set an “overweight” rating and a $80.00 target price for the company. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $76.92.

Regency Centers Trading Up 1.2 %

REG opened at $73.16 on Wednesday. The stock has a market capitalization of $13.28 billion, a PE ratio of 34.35, a PEG ratio of 4.44 and a beta of 1.21. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $75.26. The firm has a 50-day moving average price of $72.16 and a two-hundred day moving average price of $66.37.

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 the consensus estimate of $1.04 by ($0.50). The business had revenue of $360.27 million during the quarter, compared to the consensus estimate of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same period last year, the business posted $1.02 EPS. As a group, equities analysts anticipate that Regency Centers Co. will post 4.24 earnings per share for the current fiscal year.

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.