KBC Group NV Has $7.22 Million Stock Holdings in Regency Centers Co. (NASDAQ:REG)

KBC Group NV trimmed its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 42.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,584 shares of the company’s stock after selling 72,343 shares during the quarter. KBC Group NV owned 0.05% of Regency Centers worth $7,215,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of REG. Glenmede Trust Co. NA raised its holdings in shares of Regency Centers by 4.4% during the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock worth $244,000 after acquiring an additional 141 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of Regency Centers by 4.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock valued at $286,000 after purchasing an additional 163 shares during the period. Azzad Asset Management Inc. ADV lifted its holdings in shares of Regency Centers by 4.3% in the third quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock valued at $328,000 after purchasing an additional 189 shares in the last quarter. Tectonic Advisors LLC boosted its position in shares of Regency Centers by 3.0% during the third quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock worth $501,000 after buying an additional 203 shares during the period. Finally, Groupama Asset Managment grew its holdings in shares of Regency Centers by 0.8% during the third quarter. Groupama Asset Managment now owns 27,046 shares of the company’s stock worth $1,954,000 after buying an additional 212 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. KeyCorp started coverage on Regency Centers in a research report on Friday, October 25th. They set an “overweight” rating and a $80.00 price target for the company. Mizuho increased their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Evercore ISI cut their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. BTIG Research increased their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company lowered their target price on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and a consensus target price of $78.08.

Regency Centers Stock Up 0.9 %

REG opened at $71.96 on Friday. The stock’s fifty day simple moving average is $73.14 and its 200 day simple moving average is $71.84. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The stock has a market cap of $13.06 billion, a PE ratio of 33.78, a price-to-earnings-growth ratio of 3.68 and a beta of 1.22. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG) last posted its 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 for the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same quarter in the prior year, the business posted $1.02 EPS. As a group, research analysts expect that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 16th were given a $0.705 dividend. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date was Monday, December 16th. This represents a $2.82 annualized dividend and a dividend yield of 3.92%. Regency Centers’s dividend payout ratio is presently 132.39%.

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.