V Square Quantitative Management LLC lowered its stake in Regency Centers Co. (NASDAQ:REG – Free Report) by 10.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,454 shares of the company’s stock after selling 389 shares during the period. V Square Quantitative Management LLC’s holdings in Regency Centers were worth $255,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp lifted its position in shares of Regency Centers by 1.1% in the third quarter. State Street Corp now owns 11,768,052 shares of the company’s stock worth $857,892,000 after buying an additional 131,300 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Regency Centers by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock worth $801,056,000 after purchasing an additional 435,932 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Regency Centers by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company’s stock worth $167,034,000 after purchasing an additional 71,278 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Regency Centers by 1,138.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock worth $149,932,000 after purchasing an additional 1,908,153 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Regency Centers by 8.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 731,045 shares of the company’s stock worth $54,046,000 after purchasing an additional 57,020 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. Wells Fargo & Company cut their price objective 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. BTIG Research boosted their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Robert W. Baird boosted their price objective on Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. upped their price target on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Mizuho upped their price target on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.
Regency Centers Trading Down 3.5 %
REG stock opened at $72.34 on Monday. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The firm has a market cap of $13.13 billion, a P/E ratio of 34.12, a P/E/G ratio of 3.77 and a beta of 1.21. The business’s 50 day moving average is $72.79 and its 200-day moving average is $72.48. 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 – Get Free Report) last released its quarterly earnings data 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 return on equity of 5.89% and a net margin of 27.54%. Equities analysts anticipate that Regency Centers Co. will post 4.49 earnings per share for the current fiscal year.
Regency Centers Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.90%. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.
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.
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