OVERSEA CHINESE BANKING Corp Ltd Boosts Position in Regency Centers Co. (NASDAQ:REG)

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 25.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,631 shares of the company's stock after purchasing an additional 13,812 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Regency Centers were worth $4,957,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Regency Centers by 18.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 312,155 shares of the company's stock worth $18,904,000 after purchasing an additional 49,188 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Regency Centers by 10.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company's stock valued at $547,995,000 after purchasing an additional 873,062 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Regency Centers by 14.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 116,726 shares of the company's stock worth $6,998,000 after purchasing an additional 14,410 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Regency Centers by 5.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 309,182 shares of the company's stock worth $18,725,000 after purchasing an additional 15,621 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in Regency Centers in the first quarter worth about $1,429,000. Institutional investors own 96.07% of the company's stock.

Regency Centers Trading Down 0.2 %

Shares of NASDAQ REG traded down $0.12 during mid-day trading on Tuesday, reaching $73.88. 265,653 shares of the company's stock were exchanged, compared to its average volume of 1,091,388. The company's 50-day moving average is $72.33 and its 200-day moving average is $66.88. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $75.26. The firm has a market capitalization of $13.41 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 4.60 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.95.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.50). The firm 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 quarter last year, the business earned $1.02 earnings per share. Analysts expect that Regency Centers Co. will post 4.26 EPS for the current fiscal 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 of this dividend is Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a yield of 3.82%. This is a positive change from Regency Centers's previous quarterly dividend of $0.67. Regency Centers's dividend payout ratio (DPR) is currently 132.39%.

Insider Buying and Selling at Regency Centers

In other news, VP Michael R. Herman sold 1,000 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was 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 of the company's stock, valued at approximately $905,105.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on REG. Raymond James boosted their target price on shares of Regency Centers from $67.00 to $75.00 and gave the stock an "outperform" rating in a report on Friday, August 16th. Compass Point upped their target price on Regency Centers from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft lowered Regency Centers from a "buy" rating to a "hold" rating and upped their target price for the company from $70.00 to $75.00 in a research report on Thursday, September 26th. Mizuho upped 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. Finally, Evercore ISI raised Regency Centers from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $76.92.

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.