Barclays PLC Decreases Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Barclays PLC cut its holdings in Regency Centers Co. (NASDAQ:REG) by 3.0% during the third quarter, Holdings Channel reports. The institutional investor owned 351,849 shares of the company’s stock after selling 10,961 shares during the period. Barclays PLC’s holdings in Regency Centers were worth $25,413,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Quest Partners LLC raised its position 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 worth $32,000 after acquiring an additional 505 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of Regency Centers during the 2nd quarter worth approximately $44,000. Blue Trust Inc. boosted its holdings in shares of Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after buying an additional 716 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Regency Centers by 300.0% in 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. acquired a new stake in Regency Centers during the 2nd quarter worth $60,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on REG. BTIG Research raised their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company raised their price target on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Mizuho lifted their price target on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. raised their target price on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, 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 report on Monday, August 26th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Regency Centers presently has an average rating of “Buy” and an average price target of $77.08.

Regency Centers Trading Up 0.1 %

Shares of Regency Centers stock opened at $75.37 on Friday. 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 firm has a market cap of $13.68 billion, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 4.09 and a beta of 1.22. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $76.53. The company’s 50-day simple moving average is $73.17 and its 200-day simple moving average is $69.27.

Regency Centers (NASDAQ:REG) last released its 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). The business had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same quarter in the previous year, the firm posted $1.02 EPS. As a group, equities research analysts anticipate that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be given a $0.705 dividend. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.82 annualized dividend and a yield of 3.74%. Regency Centers’s dividend payout ratio is presently 132.39%.

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.