Natixis Advisors LLC Sells 16,639 Shares of Regency Centers Co. (NASDAQ:REG)

Natixis Advisors LLC trimmed its holdings in Regency Centers Co. (NASDAQ:REG) by 24.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,585 shares of the company’s stock after selling 16,639 shares during the period. Natixis Advisors LLC’s holdings in Regency Centers were worth $3,726,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in REG. Price T Rowe Associates Inc. MD boosted its position in shares of Regency Centers by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock valued at $547,995,000 after acquiring an additional 873,062 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Regency Centers by 14.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 116,726 shares of the company’s stock worth $6,998,000 after buying an additional 14,410 shares during the period. PGGM Investments raised its stake in shares of Regency Centers by 2,586.9% during the second quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock valued at $103,912,000 after acquiring an additional 1,608,431 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Regency Centers by 170.1% in the second quarter. Thrivent Financial for Lutherans now owns 80,107 shares of the company’s stock worth $4,983,000 after acquiring an additional 50,444 shares during the period. Finally, Raymond James & Associates raised its holdings in shares of Regency Centers by 41.2% in the 2nd quarter. Raymond James & Associates now owns 151,913 shares of the company’s stock valued at $9,449,000 after purchasing an additional 44,290 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Down 0.3 %

Regency Centers stock opened at $74.24 on Friday. The firm has a market capitalization of $13.47 billion, a P/E ratio of 34.85, a P/E/G ratio of 4.10 and a beta of 1.21. The stock’s fifty day simple moving average is $72.36 and its 200-day simple moving average is $67.76. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $75.26. 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 quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share 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 analyst estimates of $355.17 million. During the same quarter in the prior year, the business earned $1.02 earnings per share. As a group, equities analysts expect that Regency Centers Co. will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

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

Analyst Ratings Changes

Several brokerages have weighed in on REG. Compass Point raised their target price on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Mizuho upped their price target on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Truist Financial boosted their price target on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company raised their target price on shares of Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Finally, Raymond James upped their price target on shares of Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Regency Centers currently has an average rating of “Buy” and an average 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.