Y Intercept Hong Kong Ltd Purchases New Position in Regency Centers Co. (NASDAQ:REG)

Y Intercept Hong Kong Ltd purchased a new position in Regency Centers Co. (NASDAQ:REG - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,198 shares of the company's stock, valued at approximately $953,000.

Several other hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Regency Centers by 1,138.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company's stock valued at $149,932,000 after purchasing an additional 1,908,153 shares during the last quarter. Waterfront Capital Partners LLC acquired a new stake in Regency Centers during the third quarter worth about $33,628,000. Principal Financial Group Inc. grew its holdings in shares of Regency Centers by 4.2% during the 2nd quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company's stock worth $555,009,000 after purchasing an additional 357,091 shares during the period. National Bank of Canada FI lifted its position in Regency Centers by 701.7% during the third quarter. National Bank of Canada FI now owns 361,597 shares of the company's stock valued at $26,118,000 after buying an additional 316,496 shares in the last quarter. Finally, abrdn plc grew its stake in Regency Centers by 199.7% during the third quarter. abrdn plc now owns 375,059 shares of the company's stock worth $27,006,000 after buying an additional 249,929 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

REG has been the topic of several recent research reports. Compass Point lifted their target price on shares of Regency Centers from $75.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. BTIG Research upped their target price on Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Mizuho raised their target price on Regency Centers from $67.00 to $73.00 and gave the company an "outperform" rating in a report on Monday, August 19th. KeyCorp began coverage on Regency Centers in a report on Friday, October 25th. They issued an "overweight" rating and a $80.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a "buy" rating to a "hold" rating and lifted their price objective for the company from $70.00 to $75.00 in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $77.08.

Regency Centers Stock Performance

Shares of REG traded up $0.06 on Friday, reaching $75.37. 919,515 shares of the stock traded hands, compared to its average volume of 1,098,453. The stock's 50-day moving average price is $73.08 and its 200-day moving average price is $69.16. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $13.68 billion, a price-to-earnings ratio of 35.39, a P/E/G ratio of 4.09 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.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data 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). 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 during the quarter, compared to analyst estimates of $355.17 million. During the same quarter in the prior year, the company posted $1.02 EPS. Equities analysts forecast that Regency Centers Co. will post 4.28 EPS for the current fiscal 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 issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.74%. This is an increase from Regency Centers's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Monday, December 16th. Regency Centers's payout ratio is presently 125.82%.

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.