Centiva Capital LP Purchases 14,502 Shares of Regency Centers Co. (NASDAQ:REG)

Centiva Capital LP boosted its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 77.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,162 shares of the company's stock after acquiring an additional 14,502 shares during the quarter. Centiva Capital LP's holdings in Regency Centers were worth $2,395,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in REG. Glenmede Trust Co. NA raised its stake in shares of Regency Centers by 4.4% during the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company's stock worth $244,000 after buying an additional 141 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Regency Centers by 3.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company's stock worth $295,000 after purchasing an additional 152 shares in the last quarter. Azzad Asset Management Inc. ADV raised its holdings in Regency Centers by 4.3% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company's stock worth $328,000 after buying an additional 189 shares during the period. Tectonic Advisors LLC boosted its holdings in shares of Regency Centers by 3.0% in the third quarter. Tectonic Advisors LLC now owns 6,941 shares of the company's stock valued at $501,000 after buying an additional 203 shares during the period. Finally, Greenleaf Trust increased its position in shares of Regency Centers by 5.5% during the third quarter. Greenleaf Trust now owns 4,563 shares of the company's stock worth $330,000 after acquiring an additional 238 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Regency Centers Trading Up 0.3 %

REG traded up $0.21 during trading on Tuesday, reaching $74.84. 528,787 shares of the stock traded hands, compared to its average volume of 1,098,150. The stock has a market capitalization of $13.58 billion, a PE ratio of 35.04, a P/E/G ratio of 4.17 and a beta of 1.22. The stock's 50-day moving average is $72.58 and its 200 day moving average is $68.37. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $76.53.

Regency Centers (NASDAQ:REG - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $355.17 million. During the same period in the prior year, the firm posted $1.02 earnings per share. Equities analysts anticipate that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be given a dividend of $0.705 per share. The ex-dividend date is Monday, December 16th. This is a positive change from Regency Centers's previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a dividend yield of 3.77%. Regency Centers's dividend payout ratio (DPR) is currently 125.82%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on REG shares. Evercore ISI raised Regency Centers from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Wells Fargo & Company lifted their price target on shares of Regency Centers from $69.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. raised their price objective on Regency Centers from $77.00 to $80.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Truist Financial upped their target price on Regency Centers from $70.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, August 16th. Finally, Scotiabank boosted their price objective on shares of Regency Centers from $65.00 to $75.00 and gave the company a "sector perform" rating in a research report on Monday, August 26th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $77.08.

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.