Franklin Resources Inc. Has $19.70 Million Stake in Regency Centers Co. (NASDAQ:REG)

Franklin Resources Inc. increased its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 6.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 278,647 shares of the company's stock after buying an additional 16,617 shares during the quarter. Franklin Resources Inc. owned about 0.15% of Regency Centers worth $19,703,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of REG. Quest Partners LLC grew its position in Regency Centers by 25,250.0% in the second quarter. Quest Partners LLC now owns 507 shares of the company's stock worth $32,000 after buying an additional 505 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Regency Centers in the 2nd quarter worth $44,000. Livforsakringsbolaget Skandia Omsesidigt raised 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 purchasing an additional 600 shares during the period. Blue Trust Inc. lifted its holdings in shares of Regency Centers by 582.1% during the second quarter. Blue Trust Inc. now owns 839 shares of the company's stock valued at $51,000 after purchasing an additional 716 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Regency Centers during the second quarter valued at $60,000. Institutional investors own 96.07% of the company's stock.

Regency Centers Stock Up 1.9 %

NASDAQ:REG traded up $1.38 during mid-day trading on Friday, reaching $73.80. The stock had a trading volume of 3,284,033 shares, compared to its average volume of 1,114,066. The stock has a market cap of $13.39 billion, a P/E ratio of 34.65, a PEG ratio of 4.16 and a beta of 1.22. The business's 50 day moving average is $73.54 and its 200 day moving average is $69.76. 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 announced 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 business 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 quarter last year, the company earned $1.02 EPS. As a group, sell-side analysts predict that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The business also recently declared 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. The ex-dividend date is Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.82%. This is a boost from Regency Centers's previous quarterly dividend of $0.67. Regency Centers's payout ratio is currently 132.39%.

Wall Street Analyst Weigh In

Several analysts have issued reports on REG shares. Robert W. Baird boosted their price objective on Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Compass Point raised their price objective on shares of Regency Centers from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Evercore ISI raised shares of Regency Centers from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Wells Fargo & Company raised their target price on Regency Centers from $69.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 28th. Finally, BTIG Research lifted their price target on Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Regency Centers presently has an average rating of "Buy" and an average price target of $77.08.

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.