Wellington Management Group LLP Lowers Stake in Regency Centers Co. (NASDAQ:REG)

Wellington Management Group LLP decreased its position in Regency Centers Co. (NASDAQ:REG) by 67.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,917 shares of the company’s stock after selling 30,892 shares during the quarter. Wellington Management Group LLP’s holdings in Regency Centers were worth $1,077,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in REG. Quest Partners LLC lifted its stake in Regency Centers by 25,250.0% during the 2nd quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after acquiring an additional 505 shares in the last quarter. Family Firm Inc. purchased a new position in shares of Regency Centers in the second quarter valued at approximately $44,000. Blue Trust Inc. grew its holdings in shares of Regency Centers by 582.1% in the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after purchasing an additional 716 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Regency Centers by 300.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock worth $58,000 after buying an additional 600 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Regency Centers during the 2nd quarter worth approximately $60,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Trading Down 1.1 %

NASDAQ REG opened at $72.42 on Friday. 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 firm’s fifty day moving average price is $73.47 and its 200 day moving average price is $69.67. The company has a market capitalization of $13.14 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth 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 quarterly earnings data on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $355.17 million. During the same quarter in the prior year, the company earned $1.02 EPS. On average, sell-side analysts expect that Regency Centers Co. will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be paid a $0.705 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a yield of 3.89%. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s payout ratio is currently 132.39%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Compass Point boosted their price target 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. JPMorgan Chase & Co. upped their price target on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and lifted their price objective for the company from $70.00 to $75.00 in a research note on Thursday, September 26th. Robert W. Baird upped their target price on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, BTIG Research lifted their price target 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. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $77.08.

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.