Contravisory Investment Management Inc. Makes New $567,000 Investment in Regency Centers Co. (NASDAQ:REG)

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

Other hedge funds have also recently bought and sold shares of the company. Quest Partners LLC boosted 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. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in 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 purchasing an additional 600 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Regency Centers by 126.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,008 shares of the company's stock valued at $63,000 after purchasing an additional 563 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Regency Centers in the 2nd quarter valued at $92,000. Finally, Brooklyn Investment Group bought a new position in shares of Regency Centers in the 3rd quarter valued at $96,000. 96.07% of the stock is owned by institutional investors.

Regency Centers Trading Up 0.7 %

NASDAQ:REG traded up $0.49 during trading hours on Thursday, hitting $71.66. 580,267 shares of the company were exchanged, compared to its average volume of 871,359. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 33.64, a price-to-earnings-growth ratio of 3.62 and a beta of 1.22. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.53. The company has a fifty day simple moving average of $73.64 and a 200 day simple moving average of $71.17. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65.

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

Regency Centers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 16th were paid a $0.705 dividend. This is a positive change 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 3.94%. The ex-dividend date of this dividend was Monday, December 16th. Regency Centers's dividend payout ratio is currently 132.39%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on REG shares. KeyCorp started coverage on Regency Centers in a research report on Friday, October 25th. They set an "overweight" rating and a $80.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Regency Centers from $77.00 to $80.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Mizuho raised their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Robert W. Baird upped their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Finally, Evercore ISI dropped their price objective 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. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Regency Centers currently has an average rating of "Moderate Buy" and an average target price of $78.00.

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.