7,667 Shares in Regency Centers Co. (NASDAQ:REG) Bought by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. acquired a new stake in shares of Regency Centers Co. (NASDAQ:REG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,667 shares of the company’s stock, valued at approximately $567,000.

Other hedge funds have also recently modified their holdings of the company. Quest Partners LLC grew 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 worth $32,000 after acquiring an additional 505 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake 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. Federated Hermes Inc. grew its holdings in shares of Regency Centers by 126.5% during the second quarter. Federated Hermes Inc. now owns 1,008 shares of the company’s stock valued at $63,000 after buying an additional 563 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Regency Centers during the second quarter valued at approximately $92,000. Finally, Brooklyn Investment Group purchased a new position in Regency Centers in the 3rd quarter worth approximately $96,000. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

REG opened at $71.17 on Thursday. The business’s 50-day moving average is $73.67 and its two-hundred day moving average is $71.17. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $76.53. The firm has a market capitalization of $12.92 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 3.62 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last posted its quarterly 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 firm had revenue of $360.27 million for the quarter, compared to analysts’ expectations 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 posted $1.02 EPS. Research analysts anticipate that Regency Centers Co. will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 16th were given a dividend of $0.705 per share. The ex-dividend date was Monday, December 16th. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.96%. Regency Centers’s dividend payout ratio (DPR) is 132.39%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Evercore ISI decreased their target price on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. BTIG Research raised their target price on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. 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 for the company. Robert W. Baird lifted their price target on Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Mizuho lifted their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.00.

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.