Regency Centers Co. (NASDAQ:REG) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC increased its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 17.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,417 shares of the company’s stock after purchasing an additional 1,120 shares during the period. Tidal Investments LLC’s holdings in Regency Centers were worth $536,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of REG. Glenmede Trust Co. NA raised its position in Regency Centers by 4.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock worth $244,000 after buying an additional 141 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Regency Centers by 3.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock valued at $295,000 after purchasing an additional 152 shares in the last quarter. Coldstream Capital Management Inc. increased its position in Regency Centers by 4.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock worth $286,000 after purchasing an additional 163 shares during the period. Azzad Asset Management Inc. ADV raised its stake in shares of Regency Centers by 4.3% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock worth $328,000 after buying an additional 189 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its stake in shares of Regency Centers by 3.0% in the third quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock valued at $501,000 after buying an additional 203 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on REG shares. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and raised their target price for the company from $70.00 to $75.00 in a report on Thursday, September 26th. JPMorgan Chase & Co. increased their target price on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. KeyCorp assumed coverage on Regency Centers in a research note on Friday, October 25th. They set an “overweight” rating and a $80.00 price target on the stock. BTIG Research upped their price target on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company boosted their target price on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Two investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $77.25.

Regency Centers Price Performance

Regency Centers stock opened at $73.80 on Monday. The firm’s 50-day moving average is $73.54 and its two-hundred day moving average is $69.81. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $13.39 billion, a P/E ratio of 34.65, a P/E/G ratio of 4.16 and a beta of 1.22. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $76.53.

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

Regency Centers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be issued a $0.705 dividend. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date is Monday, December 16th. This represents a $2.82 annualized dividend and a yield of 3.82%. Regency Centers’s payout ratio is 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.