Regency Centers Corporation $REG Stock: Asset Management One Co. Ltd. Increases Holdings

Key Points

• Asset Management One increased its Regency Centers stake by 4.1% in the third quarter, adding 13,771 shares to own 350,944 shares valued at approximately $25.2 million. Institutional investors collectively hold 96.07% of REG’s outstanding stock.
• Regency Centers reported quarterly EPS of $1.21, exceeding analyst expectations of $0.59, while revenue reached $413.51 million. The company also declared a quarterly dividend of $0.755 per share, representing a 4.0% annualized yield.
• REG shares opened at $74.98, and analysts maintain a consensus “Moderate Buy” rating with an average price target of $83.00, despite several firms recently lowering their targets.

Asset Management One Co. Ltd. lifted its stake in Regency Centers Corporation (NASDAQ:REG - Free Report) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 350,944 shares of the company's stock after buying an additional 13,771 shares during the period. Asset Management One Co. Ltd. owned about 0.19% of Regency Centers worth $25,226,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Elevation Wealth Partners LLC boosted its stake in shares of Regency Centers by 541.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 481 shares of the company's stock valued at $38,000 after purchasing an additional 406 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Regency Centers in the 2nd quarter worth about $65,000. Danske Bank A S acquired a new stake in shares of Regency Centers during the 2nd quarter worth about $85,000. Global Retirement Partners LLC acquired a new stake in shares of Regency Centers during the 2nd quarter worth about $97,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Regency Centers during the 2nd quarter worth about $124,000. Institutional investors own 96.07% of the company's stock.

Regency Centers Stock Up 2.4%

NASDAQ:REG opened at $74.98 on Friday. The stock has a 50-day simple moving average of $73.75 and a 200 day simple moving average of $76.56. Regency Centers Corporation has a 52-week low of $66.86 and a 52-week high of $83.66. The company has a market cap of $13.73 billion, a PE ratio of 25.42, a PEG ratio of 4.39 and a beta of 0.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 1.25.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.62. Regency Centers had a net margin of 34.38% and a return on equity of 8.04%. The firm had revenue of $413.51 million for the quarter, compared to analyst estimates of $411.07 million. During the same period in the previous year, the business earned $1.16 EPS. On average, sell-side analysts expect that Regency Centers Corporation will post 4.86 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given a dividend of $0.7550 per share. This represents a $3.02 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, September 11th. Regency Centers's payout ratio is 102.37%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on REG. Scotiabank cut their target price on Regency Centers from $82.00 to $81.00 and set a "sector perform" rating on the stock in a research note on Thursday, September 17th. Wells Fargo & Company lowered their price target on Regency Centers from $88.00 to $84.00 and set an "overweight" rating for the company in a research note on Friday, October 23rd. Evercore set a $83.00 price target on Regency Centers in a research note on Thursday, July 30th. Morgan Stanley cut their price target on shares of Regency Centers from $88.00 to $87.00 and set an "overweight" rating on the stock in a research report on Monday, October 5th. Finally, Griffin Securities set a $81.00 price objective on shares of Regency Centers in a research note on Monday, September 21st. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

Regency Centers Profile

Regency Centers Corporation is a real estate investment trust that owns, operates, develops and redevelops grocery-anchored shopping centers in the United States. Its properties are designed to serve everyday consumer needs and typically include supermarkets, restaurants, service providers, retailers and other commercial tenants.

The company focuses primarily on high-quality shopping centers located in established and growing communities, often in affluent or densely populated trade areas.

Want to see what other hedge funds are holding REG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regency Centers Corporation (NASDAQ:REG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.