Wellington Management Group LLP Cuts Stock Position in Regency Centers Co. (NASDAQ:REG)

Wellington Management Group LLP cut its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 67.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,917 shares of the company's stock after selling 30,892 shares during the quarter. Wellington Management Group LLP's holdings in Regency Centers were worth $1,077,000 as of its most recent filing with the Securities & Exchange Commission.

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

Regency Centers Price Performance

REG traded up $1.38 during trading on Friday, reaching $73.80. 3,284,033 shares of the company were exchanged, compared to its average volume of 1,114,066. 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 company has a market cap of $13.39 billion, a price-to-earnings ratio of 34.65, a P/E/G ratio of 4.16 and a beta of 1.22. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $76.53. The company's 50-day moving average is $73.47 and its two-hundred day moving average is $69.67.

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 analysts' expectations of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same period in the previous year, the company posted $1.02 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be paid a dividend of $0.705 per share. This is a positive change from Regency Centers's previous quarterly dividend of $0.67. The ex-dividend date is Monday, December 16th. This represents a $2.82 annualized dividend and a yield of 3.82%. Regency Centers's dividend payout ratio (DPR) is currently 132.39%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Evercore ISI raised Regency Centers from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. JPMorgan Chase & Co. increased their target price on shares of Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Robert W. Baird raised their price target 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. Finally, Wells Fargo & Company upped their price objective on Regency Centers from $69.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Regency Centers 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.