Geode Capital Management LLC Sells 25,919 Shares of Regency Centers Co. (NASDAQ:REG)

Geode Capital Management LLC decreased its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,481,881 shares of the company's stock after selling 25,919 shares during the period. Geode Capital Management LLC owned approximately 2.47% of Regency Centers worth $322,746,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. M&T Bank Corp grew its holdings in Regency Centers by 2.2% during the third quarter. M&T Bank Corp now owns 27,796 shares of the company's stock worth $2,008,000 after acquiring an additional 595 shares during the period. Groupama Asset Managment grew its stake in shares of Regency Centers by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 27,046 shares of the company's stock worth $1,954,000 after purchasing an additional 212 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Regency Centers by 2.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 259,886 shares of the company's stock worth $18,772,000 after purchasing an additional 6,778 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Regency Centers during the third quarter valued at approximately $953,000. Finally, MML Investors Services LLC boosted its holdings in Regency Centers by 14.7% during the third quarter. MML Investors Services LLC now owns 9,817 shares of the company's stock worth $709,000 after buying an additional 1,258 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on REG shares. Robert W. Baird upped their price target on Regency Centers from $71.00 to $78.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Mizuho boosted their target price on Regency Centers from $67.00 to $73.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. JPMorgan Chase & Co. upped their target price on Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut Regency Centers from a "buy" rating to a "hold" rating and lifted their price target for the stock from $70.00 to $75.00 in a research note on Thursday, September 26th. Finally, Evercore ISI upgraded Regency Centers from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Regency Centers presently has an average rating of "Buy" and an average price target of $77.08.

Regency Centers Stock Up 0.1 %

Shares of REG stock traded up $0.06 during trading on Friday, hitting $75.37. 919,515 shares of the company were exchanged, compared to its average volume of 1,098,453. The business's 50-day simple moving average is $73.17 and its 200 day simple moving average is $69.35. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $76.53. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 35.38, a P/E/G ratio of 4.09 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95.

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

Regency Centers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be paid a dividend of $0.705 per share. The ex-dividend date is Monday, December 16th. This is an increase 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 3.74%. 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.