2,990 Shares in Regency Centers Co. (NASDAQ:REG) Purchased by James J. Burns & Company LLC

James J. Burns & Company LLC acquired a new position in shares of Regency Centers Co. (NASDAQ:REG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,990 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Assenagon Asset Management S.A. boosted its holdings in shares of Regency Centers by 3.3% during the second quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock worth $295,000 after purchasing an additional 152 shares during the period. Azzad Asset Management Inc. ADV grew its holdings in shares of Regency Centers by 4.3% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock valued at $328,000 after acquiring an additional 189 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of Regency Centers by 3.0% during the 3rd quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock valued at $501,000 after acquiring an additional 203 shares in the last quarter. Greenleaf Trust raised its holdings in shares of Regency Centers by 5.5% during the third quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock worth $330,000 after acquiring an additional 238 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in Regency Centers by 7.6% during the second quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock valued at $238,000 after purchasing an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Up 1.2 %

Shares of REG stock opened at $72.28 on Tuesday. The stock has a 50 day moving average of $72.16 and a 200-day moving average of $66.37. The firm has a market cap of $13.12 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 4.44 and a beta of 1.21. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $75.26.

Regency Centers (NASDAQ:REG) last issued 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 company had revenue of $360.27 million during the quarter, compared to the consensus estimate of $355.17 million. During the same period last year, the company earned $1.02 earnings per share. On average, equities analysts predict that Regency Centers Co. will post 4.24 EPS for the current year.

Analyst Upgrades and Downgrades

REG has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered Regency Centers from a “buy” rating to a “hold” rating and upped their target price for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. Compass Point lifted their target price 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. Scotiabank increased their price target on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Mizuho lifted their price objective on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, Truist Financial increased their target price on shares of Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two equities research 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 data from MarketBeat.com, Regency Centers presently has an average rating of “Buy” and a consensus price target of $76.92.

Insiders Place Their Bets

In other news, VP Michael R. Herman sold 1,000 shares of the business’s stock in a transaction that occurred 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 directly owns 13,010 shares in the company, valued at approximately $905,105.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate 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.