Avanza Fonder AB Invests $902,000 in Regency Centers Co. (NASDAQ:REG)

Avanza Fonder AB acquired a new stake in Regency Centers Co. (NASDAQ:REG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 12,199 shares of the company's stock, valued at approximately $902,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. 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 acquiring an additional 600 shares during the period. Federated Hermes Inc. increased its position in Regency Centers by 126.5% during the second quarter. Federated Hermes Inc. now owns 1,008 shares of the company's stock worth $63,000 after buying an additional 563 shares during the last quarter. Quest Partners LLC raised its stake in Regency Centers by 84.8% in the third 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. Acadian Asset Management LLC acquired a new stake in Regency Centers during the 2nd quarter valued at $92,000. Finally, Brooklyn Investment Group bought a new stake in shares of Regency Centers during the 3rd quarter worth about $96,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on REG shares. JPMorgan Chase & Co. boosted their price target on Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a "buy" rating to a "hold" rating and boosted their target price for the company from $70.00 to $75.00 in a research report on Thursday, September 26th. BTIG Research upped their target price on Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Mizuho raised their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. Finally, Evercore ISI lowered their price target on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $78.00.

Regency Centers Stock Down 0.6 %

Shares of Regency Centers stock traded down $0.44 during trading on Monday, reaching $71.22. 1,104,031 shares of the company traded hands, compared to its average volume of 944,535. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $12.93 billion, a PE ratio of 33.44, a P/E/G ratio of 3.62 and a beta of 1.22. The company has a 50 day moving average price of $73.53 and a 200-day moving average price of $71.37.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its earnings results on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.50). The firm 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 period in the previous year, the company earned $1.02 earnings per share. As a group, equities research analysts expect 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 was paid on Friday, January 3rd. Stockholders of record on Monday, December 16th were given 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 3.96%. The ex-dividend date was Monday, December 16th. Regency Centers's dividend payout ratio (DPR) is 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.