Asset Management One Co. Ltd. Buys 685 Shares of Regency Centers Co. (NASDAQ:REG)

Asset Management One Co. Ltd. increased its stake in Regency Centers Co. (NASDAQ:REG) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 367,387 shares of the company’s stock after buying an additional 685 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Regency Centers were worth $27,168,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of REG. State Street Corp lifted its position in shares of 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 purchasing an additional 131,300 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Regency Centers by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock valued at $801,056,000 after buying an additional 435,932 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Regency Centers by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company’s stock valued at $167,034,000 after buying an additional 71,278 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of 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 buying an additional 1,908,153 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Regency Centers by 8.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 731,045 shares of the company’s stock valued at $54,046,000 after buying an additional 57,020 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on REG shares. KeyCorp started 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 lifted 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. JPMorgan Chase & Co. lifted their target price on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Mizuho lifted their target price on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Finally, Evercore ISI cut their target price on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Three 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, the stock has an average rating of “Moderate Buy” and an average target price of $78.08.

Regency Centers Price Performance

Shares of REG stock opened at $72.34 on Friday. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $76.53. The firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 3.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s 50-day simple moving average is $72.79 and its 200-day simple moving average is $72.42.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a return on equity of 5.89% and a net margin of 27.54%. As a group, equities analysts forecast that Regency Centers Co. will post 4.49 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

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.