State Street Corp Boosts Stake in Regency Centers Co. (NASDAQ:REG)

State Street Corp raised its stake in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 1.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,768,052 shares of the company's stock after buying an additional 131,300 shares during the quarter. State Street Corp owned about 6.48% of Regency Centers worth $857,892,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of REG. Quest Partners LLC raised its holdings in shares of Regency Centers by 25,250.0% in the 2nd quarter. Quest Partners LLC now owns 507 shares of the company's stock valued at $32,000 after acquiring an additional 505 shares in the last quarter. Family Firm Inc. bought a new stake in Regency Centers during the second quarter valued at approximately $44,000. Blue Trust Inc. grew its stake in Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company's stock worth $51,000 after buying an additional 716 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Regency Centers by 300.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company's stock valued at $58,000 after buying an additional 600 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Regency Centers during the 2nd quarter worth $60,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Stock Down 0.2 %

NASDAQ:REG traded down $0.18 during trading hours on Friday, reaching $74.13. 1,012,669 shares of the company traded hands, compared to its average volume of 1,117,115. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $76.53. The stock has a market capitalization of $13.45 billion, a P/E ratio of 34.80, a P/E/G ratio of 4.10 and a beta of 1.22. The business's 50-day moving average price is $72.83 and its two-hundred day moving average price is $68.81. 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 (NASDAQ:REG - Get Free Report) last announced its quarterly 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 firm had revenue of $360.27 million during the quarter, compared to the consensus estimate of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same quarter in the previous year, the firm earned $1.02 EPS. Analysts predict that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The firm 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 $0.705 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.82 annualized dividend and a dividend yield of 3.80%. This is a boost from Regency Centers's previous quarterly dividend of $0.67. Regency Centers's payout ratio is currently 125.82%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Mizuho lifted their price objective on Regency Centers from $67.00 to $73.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. Robert W. Baird increased their price objective on Regency Centers from $71.00 to $78.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Wells Fargo & Company upped their price target on shares of Regency Centers from $69.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, August 28th. KeyCorp began coverage on shares of Regency Centers in a report on Friday, October 25th. They issued an "overweight" rating and a $80.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target 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.