10,824 Shares in Regency Centers Co. (NASDAQ:REG) Purchased by World Investment Advisors LLC

World Investment Advisors LLC bought a new stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,824 shares of the company's stock, valued at approximately $782,000.

A number of other hedge funds have also recently made changes to their positions in REG. State Street Corp increased its stake in shares of Regency Centers by 1.1% during the third quarter. State Street Corp now owns 11,768,052 shares of the company's stock valued at $857,892,000 after buying an additional 131,300 shares during the period. Principal Financial Group Inc. increased its position in Regency Centers by 4.2% during 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 during the period. Dimensional Fund Advisors LP raised its holdings in shares of Regency Centers by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company's stock valued at $164,327,000 after purchasing an additional 117,368 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Regency Centers by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company's stock worth $167,034,000 after purchasing an additional 71,278 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Regency Centers by 1,138.5% in 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 worth $149,932,000 after purchasing an additional 1,908,153 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of Regency Centers from $69.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, August 28th. Robert W. Baird upped their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a "buy" rating to a "hold" rating and lifted their target price for the stock from $70.00 to $75.00 in a research note on Thursday, September 26th. Mizuho upped their price target on shares of Regency Centers from $67.00 to $73.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. Finally, Scotiabank lifted their price objective 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. Two investment 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, Regency Centers presently has a consensus rating of "Buy" and an average price target of $77.08.

Regency Centers Stock Performance

Shares of REG stock traded up $0.10 on Tuesday, hitting $75.50. The company had a trading volume of 1,404,738 shares, compared to its average volume of 1,099,338. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $76.53. 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 $13.70 billion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 4.16 and a beta of 1.22. The company has a 50-day moving average price of $73.27 and a 200-day moving average price of $69.53.

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

Regency Centers Increases Dividend

The company also recently disclosed 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. 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 dividend on an annualized basis and a yield of 3.74%. Regency Centers's payout ratio is presently 125.82%.

About Regency Centers

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.