Sei Investments Co. Trims Position in Regency Centers Co. (NASDAQ:REG)

Sei Investments Co. lessened its position in shares of Regency Centers Co. (NASDAQ:REG) by 26.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 605,477 shares of the company’s stock after selling 223,261 shares during the quarter. Sei Investments Co.’s holdings in Regency Centers were worth $36,668,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of Regency Centers during the 1st quarter worth approximately $11,086,000. Tectonic Advisors LLC grew its stake in Regency Centers by 15.6% during the 1st quarter. Tectonic Advisors LLC now owns 6,030 shares of the company’s stock worth $365,000 after buying an additional 814 shares during the last quarter. Swiss National Bank grew its stake in Regency Centers by 1.4% during the 1st quarter. Swiss National Bank now owns 525,128 shares of the company’s stock worth $31,802,000 after buying an additional 7,000 shares during the last quarter. SG Americas Securities LLC grew its stake in Regency Centers by 750.6% during the 1st quarter. SG Americas Securities LLC now owns 200,308 shares of the company’s stock valued at $12,131,000 after purchasing an additional 176,760 shares during the last quarter. Finally, FORA Capital LLC grew its stake in Regency Centers by 493.7% during the 1st quarter. FORA Capital LLC now owns 25,061 shares of the company’s stock valued at $1,518,000 after purchasing an additional 20,840 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Up 0.2 %

Shares of NASDAQ REG traded up $0.14 during trading on Monday, hitting $64.19. 663,938 shares of the company traded hands, compared to its average volume of 1,163,594. Regency Centers Co. has a 1 year low of $56.29 and a 1 year high of $68.47. The company has a 50-day moving average price of $60.93 and a 200-day moving average price of $61.16. The firm has a market capitalization of $11.86 billion, a P/E ratio of 31.24, a P/E/G ratio of 4.67 and a beta of 1.21. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.64.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a yield of 4.18%. Regency Centers’s dividend payout ratio (DPR) is 130.73%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on REG. Mizuho raised Regency Centers from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $61.00 to $67.00 in a report on Tuesday, July 9th. Scotiabank dropped their price target on 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. Finally, 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 report on Monday, May 20th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.64.

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.