HighTower Advisors LLC Has $2.12 Million Stock Position in Regency Centers Co. (NASDAQ:REG)

HighTower Advisors LLC raised its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 47.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,342 shares of the company's stock after purchasing an additional 9,424 shares during the period. HighTower Advisors LLC's holdings in Regency Centers were worth $2,121,000 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. Quest Partners LLC increased its position in Regency Centers by 25,250.0% in the 2nd quarter. Quest Partners LLC now owns 507 shares of the company's stock worth $32,000 after buying an additional 505 shares during the period. Family Firm Inc. acquired a new stake in shares of Regency Centers during the 2nd quarter worth approximately $44,000. Blue Trust Inc. grew its holdings in shares of Regency Centers by 582.1% during the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company's stock worth $51,000 after purchasing an additional 716 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Regency Centers by 300.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company's stock worth $58,000 after purchasing an additional 600 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Regency Centers during the 2nd quarter worth approximately $60,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Trading Up 0.1 %

NASDAQ:REG traded up $0.06 on Friday, reaching $75.37. The company's stock had a trading volume of 919,515 shares, compared to its average volume of 1,084,888. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $13.68 billion, a PE ratio of 35.38, a PEG ratio of 4.16 and a beta of 1.22. The business's 50-day moving average price is $73.17 and its two-hundred day moving average price is $69.35.

Regency Centers (NASDAQ:REG - Get Free Report) last posted 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). The business had revenue of $360.27 million during the quarter, compared to analyst estimates 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 firm posted $1.02 earnings per share. Equities research analysts anticipate that Regency Centers Co. will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Regency Centers's previous quarterly dividend of $0.67. Regency Centers's dividend payout ratio is presently 125.82%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Scotiabank lifted their price objective on Regency Centers from $65.00 to $75.00 and gave the stock a "sector perform" rating in a report on Monday, August 26th. JPMorgan Chase & Co. lifted their price objective on Regency Centers from $77.00 to $80.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. KeyCorp initiated coverage on Regency Centers in a research note on Friday, October 25th. They issued an "overweight" rating and a $80.00 price target on the stock. Mizuho boosted their price target on Regency Centers from $67.00 to $73.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. Finally, Evercore ISI upgraded Regency Centers from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Two investment 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. Based on data from MarketBeat.com, Regency Centers currently 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.