Paloma Partners Management Co Takes Position in Regency Centers Co. (NASDAQ:REG)

Paloma Partners Management Co acquired a new position in shares of Regency Centers Co. (NASDAQ:REG) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,400 shares of the company’s stock, valued at approximately $318,000.

Several other large investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Regency Centers by 4.2% in the 2nd quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock valued at $555,009,000 after purchasing an additional 357,091 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Regency Centers by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company’s stock worth $164,327,000 after buying an additional 117,368 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Regency Centers by 3.2% in 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Regency Centers by 1,138.5% during 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 valued at $149,932,000 after buying an additional 1,908,153 shares during the period. Finally, PGGM Investments lifted its position in Regency Centers by 2,586.9% during the 2nd quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock worth $103,912,000 after acquiring an additional 1,608,431 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Price Performance

Shares of REG opened at $74.31 on Friday. 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 firm has a market cap of $13.49 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 4.12 and a beta of 1.22. The stock has a 50 day moving average of $72.71 and a 200-day moving average of $68.61.

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

Regency Centers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be issued a $0.705 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a yield of 3.79%. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s dividend payout ratio (DPR) is currently 132.39%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on REG. JPMorgan Chase & Co. increased 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. Scotiabank lifted their price target on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Compass Point upped their price objective on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. BTIG Research raised 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. Finally, KeyCorp began coverage on Regency Centers in a research note on Friday, October 25th. They issued an “overweight” rating and a $80.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $77.08.

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.