Harvest Portfolios Group Inc. Acquires 13,424 Shares of Regency Centers Co. (NASDAQ:REG)

Harvest Portfolios Group Inc. increased its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 123.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,328 shares of the company's stock after purchasing an additional 13,424 shares during the quarter. Harvest Portfolios Group Inc.'s holdings in Regency Centers were worth $1,757,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in REG. Vanguard Group Inc. boosted its position in Regency Centers by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company's stock valued at $1,749,520,000 after buying an additional 830,572 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Regency Centers by 10.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company's stock worth $547,995,000 after purchasing an additional 873,062 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Regency Centers by 4.2% during the second quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company's stock worth $555,009,000 after purchasing an additional 357,091 shares during the period. Boston Partners grew its stake in shares of Regency Centers by 4.1% in the first quarter. Boston Partners now owns 4,192,951 shares of the company's stock worth $253,902,000 after purchasing an additional 166,354 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Regency Centers by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company's stock valued at $164,327,000 after purchasing an additional 117,368 shares during the period. 96.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the sale, the vice president now owns 13,010 shares in the company, valued at approximately $905,105.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company's stock.

Regency Centers Stock Performance

Shares of REG traded up $0.27 during mid-day trading on Thursday, hitting $73.09. 385,494 shares of the company traded hands, compared to its average volume of 1,089,510. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.95. The stock has a 50-day moving average price of $72.20 and a two-hundred day moving average price of $66.48. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $75.26. The stock has a market cap of $13.27 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 4.50 and a beta of 1.21.

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 business had revenue of $360.27 million for the quarter, compared to analysts' expectations of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same period in the previous year, the company earned $1.02 EPS. Equities analysts anticipate that Regency Centers Co. will post 4.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on REG shares. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a "buy" rating to a "hold" rating and raised their target price for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. Raymond James upped their target price on Regency Centers from $67.00 to $75.00 and gave the stock an "outperform" rating in a report on Friday, August 16th. KeyCorp assumed coverage on Regency Centers in a research note on Friday, October 25th. They issued an "overweight" rating and a $80.00 target price for the company. Wells Fargo & Company upped their price target on Regency Centers from $69.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. Finally, Compass Point raised their price objective on Regency Centers from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $76.92.

About Regency Centers

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.