Fmr LLC Decreases Stake in Regency Centers Co. (NASDAQ:REG)

Fmr LLC decreased its holdings in Regency Centers Co. (NASDAQ:REG) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,819,631 shares of the company’s stock after selling 24,004 shares during the quarter. Fmr LLC owned about 1.00% of Regency Centers worth $131,432,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in shares of 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. Azzad Asset Management Inc. ADV lifted its position 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 valued at $328,000 after acquiring an additional 189 shares during the period. Tectonic Advisors LLC boosted its stake in shares of Regency Centers by 3.0% during the 3rd quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock worth $501,000 after acquiring an additional 203 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Regency Centers by 5.5% in the 3rd quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock worth $330,000 after acquiring an additional 238 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in Regency Centers by 7.6% in the 2nd quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock valued at $238,000 after purchasing an additional 269 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on REG. Evercore ISI raised Regency Centers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Mizuho lifted their target price on shares of Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. upped their price target 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. Compass Point raised their price objective on shares of Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, BTIG Research upped their target price on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $77.08.

Regency Centers Stock Performance

Regency Centers stock opened at $74.72 on Wednesday. The stock has a fifty day moving average price of $72.63 and a 200 day moving average price of $68.47. 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 $13.56 billion, a P/E ratio of 35.08, a PEG ratio of 4.11 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 quarterly earnings data 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 company had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. During the same period in the prior year, the company earned $1.02 EPS. Equities research analysts anticipate that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The business 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 represents a $2.82 dividend on an annualized basis and a dividend yield of 3.77%. 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 (DPR) is 125.82%.

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.