World Investment Advisors LLC acquired a new stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,824 shares of the company's stock, valued at approximately $782,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quest Partners LLC grew its stake in Regency Centers by 25,250.0% during the second quarter. Quest Partners LLC now owns 507 shares of the company's stock valued at $32,000 after acquiring an additional 505 shares in the last quarter. Family Firm Inc. purchased a new position in shares of Regency Centers during the second quarter valued at about $44,000. Blue Trust Inc. increased 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 worth $51,000 after purchasing an additional 716 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Regency Centers by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company's stock worth $58,000 after buying an additional 600 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Regency Centers during the second quarter valued at approximately $60,000. Institutional investors own 96.07% of the company's stock.
A number of equities research analysts recently issued reports on REG shares. Scotiabank upped 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 note on Monday, August 26th. Deutsche Bank Aktiengesellschaft cut Regency Centers from a "buy" rating to a "hold" rating and boosted their price objective for the company from $70.00 to $75.00 in a report on Thursday, September 26th. Wells Fargo & Company increased their target price on Regency Centers from $69.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. Evercore ISI raised shares of Regency Centers from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Finally, Mizuho upped their price target on shares of Regency Centers from $67.00 to $73.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. 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. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $77.08.
Check Out Our Latest Stock Report on Regency Centers
Shares of NASDAQ:REG opened at $75.40 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 4.16 and a beta of 1.22. The firm has a 50 day moving average of $73.27 and a 200 day moving average of $69.53. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $76.53.
Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.54 earnings per share 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 for the quarter, compared to analysts' expectations of $355.17 million. During the same quarter last year, the company earned $1.02 earnings per share. On average, sell-side analysts predict that Regency Centers Co. will post 4.28 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be paid a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.74%. 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 payout ratio is 125.82%.
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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