Regency Centers Co. (NASDAQ:REG) Stock Position Raised by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 13.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 56,405 shares of the company's stock after purchasing an additional 6,684 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Regency Centers were worth $4,170,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in REG. Millennium Management LLC increased its position in Regency Centers by 43.8% during the 2nd quarter. Millennium Management LLC now owns 83,387 shares of the company's stock valued at $5,187,000 after purchasing an additional 25,379 shares during the period. Creative Planning increased its position in Regency Centers by 5.0% during the 2nd quarter. Creative Planning now owns 12,460 shares of the company's stock valued at $775,000 after purchasing an additional 597 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Regency Centers in the 2nd quarter valued at about $453,000. Czech National Bank boosted its holdings in shares of Regency Centers by 6.2% in the 3rd quarter. Czech National Bank now owns 33,275 shares of the company's stock valued at $2,403,000 after buying an additional 1,937 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Regency Centers by 33.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,782 shares of the company's stock valued at $201,000 after buying an additional 691 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on REG. Robert W. Baird raised their price target on shares of Regency Centers from $71.00 to $78.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their price target on shares of Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Wells Fargo & Company lowered their price target on shares of Regency Centers from $81.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. BTIG Research raised their price target on shares of Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, Evercore ISI lowered their target price on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Regency Centers has a consensus rating of "Moderate Buy" and a consensus price target of $78.08.

Regency Centers Stock Down 0.0 %

Regency Centers stock traded down $0.01 during trading on Wednesday, reaching $74.41. The stock had a trading volume of 926,249 shares, compared to its average volume of 930,084. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $76.53. The business has a 50 day moving average price of $72.81 and a 200 day moving average price of $72.34. The stock has a market cap of $13.51 billion, a PE ratio of 35.10, a P/E/G ratio of 3.77 and a beta of 1.21.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.89%. On average, analysts predict that Regency Centers Co. will post 4.49 EPS for the current year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.79%. Regency Centers's dividend payout ratio is presently 133.02%.

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.