RBO & Co. LLC Has $13.88 Million Stake in Regency Centers Co. (NASDAQ:REG)

RBO & Co. LLC lowered its position in shares of Regency Centers Co. (NASDAQ:REG) by 0.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 192,108 shares of the company’s stock after selling 144 shares during the period. Regency Centers comprises about 2.2% of RBO & Co. LLC’s portfolio, making the stock its 25th biggest position. RBO & Co. LLC owned about 0.11% of Regency Centers worth $13,876,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quest Partners LLC increased its stake in shares of Regency Centers by 25,250.0% in the second 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 valued at approximately $44,000. Blue Trust Inc. raised its stake in shares of Regency Centers by 582.1% during the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after acquiring an additional 716 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Regency Centers by 300.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock worth $58,000 after purchasing an additional 600 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Regency Centers in the second quarter worth $60,000. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on REG shares. Truist Financial raised their target price on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Mizuho upped their target price on Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Compass Point raised their price target on shares of Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. upped their price objective on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company boosted their target price on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Regency Centers has a consensus rating of “Buy” and an average price target of $76.92.

Regency Centers Stock Up 1.3 %

Shares of NASDAQ:REG opened at $75.00 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $75.26. The business’s 50 day simple moving average is $72.37 and its two-hundred day simple moving average is $68.04. The firm has a market cap of $13.61 billion, a P/E ratio of 35.21, a PEG ratio of 4.08 and a beta of 1.21.

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

Regency Centers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be paid a dividend of $0.705 per share. The ex-dividend date is Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a yield of 3.76%. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s payout ratio is 125.82%.

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.