Vert Asset Management LLC Has $5.48 Million Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Vert Asset Management LLC raised its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,157 shares of the company's stock after buying an additional 3,480 shares during the quarter. Regency Centers accounts for 1.9% of Vert Asset Management LLC's portfolio, making the stock its 19th largest position. Vert Asset Management LLC's holdings in Regency Centers were worth $5,482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in REG. Baldwin Wealth Partners LLC MA increased its holdings in shares of Regency Centers by 7.4% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 167,288 shares of the company's stock valued at $12,368,000 after purchasing an additional 11,470 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Regency Centers by 196.1% during the 4th quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock valued at $2,680,000 after acquiring an additional 24,003 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Regency Centers by 22.4% in the fourth quarter. Blue Trust Inc. now owns 4,211 shares of the company's stock worth $304,000 after acquiring an additional 770 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Regency Centers by 13.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,449 shares of the company's stock worth $255,000 after purchasing an additional 411 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in Regency Centers by 9.4% during the fourth quarter. Ballentine Partners LLC now owns 3,178 shares of the company's stock valued at $235,000 after acquiring an additional 272 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on REG. Evercore ISI lowered their target price on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. JPMorgan Chase & Co. increased their price objective on Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a report on Monday, November 4th. KeyCorp began coverage on shares of Regency Centers in a research report on Friday, October 25th. They issued an "overweight" rating and a $80.00 price target on the stock. Robert W. Baird upped their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Finally, Mizuho lifted their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Three equities research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Regency Centers Trading Down 0.9 %

NASDAQ REG traded down $0.63 during trading hours on Tuesday, hitting $72.46. The company's stock had a trading volume of 529,774 shares, compared to its average volume of 888,296. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $13.15 billion, a P/E ratio of 34.05, a PEG ratio of 3.68 and a beta of 1.22. The stock has a fifty day moving average of $73.29 and a 200 day moving average of $71.78. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $76.53.

Regency Centers (NASDAQ:REG - Get Free Report) last released 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). The company 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 quarter in the prior year, the firm earned $1.02 earnings per share. Equities research analysts forecast that Regency Centers Co. will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 16th were paid a dividend of $0.705 per share. The ex-dividend date was Monday, December 16th. This is a boost from Regency Centers's previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a yield of 3.89%. Regency Centers's dividend payout ratio is presently 132.39%.

Regency Centers 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.