Regency Centers Co. (NASDAQ:REG) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its position in Regency Centers Co. (NASDAQ:REG) by 8.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,380 shares of the company’s stock after selling 1,013 shares during the period. Kentucky Retirement Systems’ holdings in Regency Centers were worth $822,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. CIBC Asset Management Inc increased its holdings in shares of Regency Centers by 7.5% in the 3rd quarter. CIBC Asset Management Inc now owns 24,544 shares of the company’s stock worth $1,773,000 after acquiring an additional 1,722 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in Regency Centers by 18.0% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,915 shares of the company’s stock valued at $355,000 after buying an additional 748 shares in the last quarter. Metis Global Partners LLC grew its position in Regency Centers by 21.3% in the 3rd quarter. Metis Global Partners LLC now owns 22,217 shares of the company’s stock valued at $1,605,000 after buying an additional 3,902 shares in the last quarter. KBC Group NV grew its position in Regency Centers by 303.3% in the 3rd quarter. KBC Group NV now owns 169,927 shares of the company’s stock valued at $12,274,000 after buying an additional 127,796 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position in Regency Centers by 25.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 68,631 shares of the company’s stock valued at $4,957,000 after buying an additional 13,812 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Performance

Shares of REG opened at $74.25 on Wednesday. Regency Centers Co. has a one year low of $56.51 and a one year high of $75.26. The company has a 50-day moving average of $72.36 and a two-hundred day moving average of $67.50. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 34.86, a PEG ratio of 4.54 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). The company had revenue of $360.27 million during the quarter, compared to analysts’ expectations of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same period last year, the company earned $1.02 earnings per share. On average, equities research analysts expect that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.80%. This is a positive change from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date is Monday, December 16th. Regency Centers’s dividend payout ratio is 132.39%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Evercore ISI upgraded shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Compass Point increased their target price on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Raymond James increased their target price on shares of Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Truist Financial raised their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $76.92.

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.