Regency Centers Co. (NASDAQ:REG) Stock Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Regency Centers Co. (NASDAQ:REG) by 39.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,891 shares of the company’s stock after buying an additional 1,109 shares during the period. GAMMA Investing LLC’s holdings in Regency Centers were worth $288,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of REG. State Street Corp grew its holdings in Regency Centers by 1.1% during the third quarter. State Street Corp now owns 11,768,052 shares of the company’s stock worth $857,892,000 after acquiring an additional 131,300 shares during the period. JPMorgan Chase & Co. boosted 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 valued at $801,056,000 after purchasing an additional 435,932 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Regency Centers by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company’s stock worth $164,327,000 after purchasing an additional 117,368 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Regency Centers by 3.2% in 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Regency Centers by 1,138.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock valued at $149,932,000 after purchasing an additional 1,908,153 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Evercore ISI decreased their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. BTIG Research lifted their target price on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Robert W. Baird upped their target price on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, KeyCorp started coverage on shares of Regency Centers in a research note on Friday, October 25th. They set an “overweight” rating and a $80.00 price objective for the company. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $77.42.

Regency Centers Price Performance

NASDAQ REG opened at $71.08 on Tuesday. 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 has a market capitalization of $12.90 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 4.16 and a beta of 1.22. The company has a 50 day simple moving average of $73.93 and a 200-day simple moving average of $70.83. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $76.53.

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

Regency Centers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 16th were paid a $0.705 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a yield of 3.97%. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s payout ratio is 132.39%.

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.