Point72 Hong Kong Ltd Takes $592,000 Position in Regency Centers Co. (NASDAQ:REG)

Point72 Hong Kong Ltd acquired a new position in Regency Centers Co. (NASDAQ:REG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,191 shares of the company’s stock, valued at approximately $592,000.

Several other large investors also recently added to or reduced their stakes in the business. Quest Partners LLC grew its holdings in Regency Centers by 25,250.0% during the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock valued at $32,000 after purchasing an additional 505 shares during the period. Family Firm Inc. bought a new position in shares of Regency Centers during the 2nd quarter valued at approximately $44,000. Blue Trust Inc. increased its holdings in Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after acquiring an additional 716 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in 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 during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Regency Centers during the second quarter valued at approximately $60,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Price Performance

REG stock opened at $74.63 on Tuesday. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $76.53. The firm has a market capitalization of $13.55 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 4.17 and a beta of 1.22. The company has a fifty day simple moving average of $72.58 and a two-hundred day simple moving average of $68.37. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.54 EPS 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 business had revenue of $360.27 million during the quarter, compared to the consensus estimate of $355.17 million. During the same period in the previous year, the business posted $1.02 EPS. Analysts anticipate that Regency Centers Co. will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.78%. The ex-dividend date is Monday, December 16th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s dividend payout ratio is presently 125.82%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on REG. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and increased their price objective for the stock from $70.00 to $75.00 in a research note on Thursday, September 26th. Mizuho raised their price target on Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, August 19th. BTIG Research upped their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Scotiabank lifted their target price on Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. upped their price target on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Regency Centers presently has a consensus rating of “Buy” and a consensus price target of $77.08.

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.