Sumitomo Mitsui Trust Group Inc. Grows Stock Position in Regency Centers Co. (NASDAQ:REG)

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Regency Centers Co. (NASDAQ:REG) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 731,045 shares of the company’s stock after purchasing an additional 57,020 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.40% of Regency Centers worth $54,046,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of REG. Heck Capital Advisors LLC purchased a new position in Regency Centers in the fourth quarter valued at $26,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Regency Centers by 300.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock worth $58,000 after acquiring an additional 600 shares in the last quarter. Quest Partners LLC increased its holdings in shares of Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after acquiring an additional 430 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Regency Centers during the 3rd quarter worth about $96,000. Finally, Quarry LP lifted its stake in Regency Centers by 2,811.4% during the third quarter. Quarry LP now owns 2,300 shares of the company’s stock worth $166,000 after purchasing an additional 2,221 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

REG has been the topic of a number of research analyst reports. Robert W. Baird raised their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. KeyCorp assumed coverage on shares of Regency Centers in a research note on Friday, October 25th. They set an “overweight” rating and a $80.00 price target on the stock. BTIG Research upped their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. lifted their target price on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company decreased their target price on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Stock Performance

NASDAQ:REG opened at $73.61 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $13.36 billion, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 3.77 and a beta of 1.21. The firm’s fifty day moving average price is $72.82 and its 200 day moving average price is $72.28. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53.

Regency Centers (NASDAQ:REG) last issued its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.89%. On average, sell-side analysts expect that Regency Centers Co. will post 4.49 EPS for the current year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.83%. Regency Centers’s dividend payout ratio is currently 133.02%.

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.