Newbridge Financial Services Group Inc. Makes New Investment in Regency Centers Co. (NASDAQ:REG)

Newbridge Financial Services Group Inc. bought a new stake in Regency Centers Co. (NASDAQ:REG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,478 shares of the company's stock, valued at approximately $479,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new stake in Regency Centers during the 4th quarter valued at $26,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position 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 buying an additional 600 shares during the period. Quest Partners LLC increased its stake in Regency Centers by 84.8% during the 3rd quarter. Quest Partners LLC now owns 937 shares of the company's stock valued at $68,000 after buying an additional 430 shares during the period. Brooklyn Investment Group bought a new stake in shares of Regency Centers in the 3rd quarter worth $96,000. Finally, Quarry LP lifted its position in shares of Regency Centers by 2,811.4% during the 3rd quarter. Quarry LP now owns 2,300 shares of the company's stock valued at $166,000 after acquiring an additional 2,221 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Price Performance

Regency Centers stock traded down $0.01 during trading on Wednesday, reaching $74.41. The company had a trading volume of 926,249 shares, compared to its average volume of 930,084. The firm has a market capitalization of $13.51 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 3.77 and a beta of 1.21. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The firm's 50-day simple moving average is $72.81 and its 200 day simple moving average is $72.35. 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 (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.89%. As a group, equities research analysts anticipate that Regency Centers Co. will post 4.49 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.79%. The ex-dividend date is Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Wall Street Analysts Forecast Growth

REG has been the subject of several research analyst reports. BTIG Research boosted their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Mizuho increased their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. KeyCorp initiated coverage on shares of Regency Centers in a research note on Friday, October 25th. They issued an "overweight" rating and a $80.00 target price on the stock. JPMorgan Chase & Co. upped their price target 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, Robert W. Baird raised their target price on shares of Regency Centers from $71.00 to $78.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Three 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $78.08.

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.