Regency Centers Co. (NASDAQ:REG) Holdings Decreased by Fmr LLC

FMR LLC cut its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,819,631 shares of the company's stock after selling 24,004 shares during the quarter. FMR LLC owned 1.00% of Regency Centers worth $131,432,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of REG. Principal Financial Group Inc. lifted its holdings in Regency Centers by 4.2% in the second quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company's stock valued at $555,009,000 after acquiring an additional 357,091 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Regency Centers by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company's stock worth $164,327,000 after buying an additional 117,368 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Regency Centers by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company's stock worth $167,034,000 after buying an additional 71,278 shares during the last quarter. PGGM Investments raised its stake in shares of Regency Centers by 2,586.9% during the 2nd quarter. PGGM Investments now owns 1,670,607 shares of the company's stock worth $103,912,000 after buying an additional 1,608,431 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Regency Centers by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,504,945 shares of the company's stock worth $93,608,000 after buying an additional 23,062 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on REG shares. Mizuho lifted their price objective on Regency Centers from $67.00 to $73.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. BTIG Research lifted 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. Compass Point lifted their price objective on Regency Centers from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, September 10th. Scotiabank lifted their price objective on Regency Centers from $65.00 to $75.00 and gave the stock a "sector perform" rating in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. lifted their price target on Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $77.08.

Regency Centers Stock Down 0.5 %

Regency Centers stock traded down $0.37 during midday trading on Wednesday, hitting $74.35. 755,681 shares of the company were exchanged, compared to its average volume of 1,099,531. The company's fifty day moving average price is $72.67 and its 200-day moving average price is $68.57. The company has a market cap of $13.49 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 4.11 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $76.53.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.50). The company 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 last year, the firm posted $1.02 earnings per share. On average, research analysts predict that Regency Centers Co. will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.79%. This is a positive change from Regency Centers's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Monday, December 16th. Regency Centers's dividend payout ratio is presently 125.82%.

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.