Nordea Investment Management AB Increases Holdings in Regency Centers Co. (NASDAQ:REG)

Nordea Investment Management AB increased its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,302 shares of the company’s stock after purchasing an additional 1,207 shares during the period. Nordea Investment Management AB’s holdings in Regency Centers were worth $980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in REG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Regency Centers by 1,138.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock worth $149,932,000 after buying an additional 1,908,153 shares in the last quarter. Waterfront Capital Partners LLC acquired a new stake in shares of Regency Centers in the 3rd quarter valued at about $33,628,000. JPMorgan Chase & Co. raised its stake in shares of Regency Centers by 4.1% in 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. National Bank of Canada FI raised its stake in shares of Regency Centers by 701.7% in the 3rd quarter. National Bank of Canada FI now owns 361,597 shares of the company’s stock valued at $26,118,000 after purchasing an additional 316,496 shares in the last quarter. Finally, abrdn plc raised its stake in shares of Regency Centers by 199.7% in the 3rd quarter. abrdn plc now owns 375,059 shares of the company’s stock valued at $27,006,000 after purchasing an additional 249,929 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Price Performance

NASDAQ REG opened at $68.83 on Monday. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $76.53. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 4.16 and a beta of 1.22. The company has a 50-day moving average price of $73.75 and a two-hundred day moving average price of $71.05.

Regency Centers (NASDAQ:REG) last posted 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 the consensus estimate of $355.17 million. During the same quarter last year, the company posted $1.02 EPS. Analysts forecast that Regency Centers Co. will post 4.28 EPS for the current year.

Regency Centers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 16th were issued a $0.705 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a dividend yield of 4.10%. Regency Centers’s dividend payout ratio (DPR) is 132.39%.

Analysts Set New Price Targets

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

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.