Swedbank AB boosted its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 7.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 191,283 shares of the company's stock after buying an additional 13,043 shares during the period. Swedbank AB owned approximately 0.11% of Regency Centers worth $13,816,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of REG. Quest Partners LLC boosted its stake in shares of Regency Centers by 25,250.0% during the 2nd quarter. Quest Partners LLC now owns 507 shares of the company's stock valued at $32,000 after buying an additional 505 shares during the period. Family Firm Inc. acquired a new position in Regency Centers in the 2nd quarter worth about $44,000. Blue Trust Inc. raised its stake in shares of Regency Centers by 582.1% during the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company's stock worth $51,000 after purchasing an additional 716 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Regency Centers by 300.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company's stock valued at $58,000 after buying an additional 600 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Regency Centers in the 2nd quarter valued at approximately $60,000. 96.07% of the stock is owned by hedge funds and other institutional investors.
Shares of REG opened at $75.00 on Wednesday. The stock's 50-day moving average price is $72.37 and its 200 day moving average price is $68.04. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $75.26. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 35.21, a P/E/G ratio of 4.09 and a beta of 1.21.
Regency Centers (NASDAQ:REG - Get Free Report) last issued 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). The firm had revenue of $360.27 million during the quarter, compared to the consensus estimate of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same period last year, the business earned $1.02 earnings per share. As a group, research analysts predict that Regency Centers Co. will post 4.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be given a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend 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 is 125.82%.
A number of analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Regency Centers from $69.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, August 28th. KeyCorp began coverage on Regency Centers in a research report on Friday, October 25th. They issued an "overweight" rating and a $80.00 price target for the company. Robert W. Baird boosted their target price on Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Scotiabank lifted their price target on shares of Regency Centers from $65.00 to $75.00 and gave the company a "sector perform" rating in a research report on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a "buy" rating to a "hold" rating and upped their price objective for the stock from $70.00 to $75.00 in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $76.92.
Check Out Our Latest Report on 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.
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