Regency Centers Co. (NASDAQ:REG) Short Interest Update

Regency Centers Co. (NASDAQ:REG - Get Free Report) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 4,920,000 shares, an increase of 23.0% from the November 30th total of 4,000,000 shares. Based on an average trading volume of 1,050,000 shares, the days-to-cover ratio is presently 4.7 days.

Analyst Ratings Changes

REG has been the topic of a number of recent research reports. BTIG Research raised their price objective on Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Evercore ISI lowered their price target on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. Robert W. Baird boosted their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. KeyCorp began coverage on shares of Regency Centers in a research report on Friday, October 25th. They set an "overweight" rating and a $80.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft lowered shares of 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 report on Thursday, September 26th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $77.42.

Regency Centers Stock Performance

Shares of REG stock traded up $0.52 during mid-day trading on Tuesday, reaching $73.93. The stock had a trading volume of 1,020,327 shares, compared to its average volume of 1,106,071. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. Regency Centers has a 1-year low of $56.51 and a 1-year high of $76.53. The firm has a market cap of $13.42 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 4.16 and a beta of 1.22. The business's fifty day moving average is $73.86 and its 200-day moving average is $70.51.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. The business had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. During the same quarter in the previous year, the firm posted $1.02 earnings per share. On average, research analysts forecast that Regency Centers will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be paid a dividend of $0.705 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.81%. This is a positive change from Regency Centers's previous quarterly dividend of $0.67. Regency Centers's dividend payout ratio (DPR) is presently 132.39%.

Institutional Trading of Regency Centers

Hedge funds have recently modified their holdings of the stock. Quest Partners LLC grew its stake in shares of Regency Centers by 25,250.0% during the 2nd quarter. Quest Partners LLC now owns 507 shares of the company's stock worth $32,000 after purchasing an additional 505 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its position in Regency Centers by 300.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company's stock valued at $58,000 after buying an additional 600 shares during the period. Federated Hermes Inc. increased its holdings in Regency Centers by 126.5% in the second quarter. Federated Hermes Inc. now owns 1,008 shares of the company's stock valued at $63,000 after buying an additional 563 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Regency Centers in the third quarter worth about $96,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Regency Centers during the 2nd quarter worth about $92,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

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.