Regency Centers Co. (NASDAQ:REG) Shares Sold by ING Groep NV

ING Groep NV decreased its stake in Regency Centers Co. (NASDAQ:REG) by 1.3% during the 3rd quarter, Holdings Channel reports. The firm owned 21,846 shares of the company’s stock after selling 283 shares during the quarter. ING Groep NV’s holdings in Regency Centers were worth $1,578,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of REG. Janney Montgomery Scott LLC grew its position in shares of Regency Centers by 8.0% in the first quarter. Janney Montgomery Scott LLC now owns 4,824 shares of the company’s stock valued at $292,000 after purchasing an additional 358 shares during the period. US Bancorp DE boosted its position in Regency Centers by 13.4% during the first quarter. US Bancorp DE now owns 7,713 shares of the company’s stock worth $467,000 after acquiring an additional 913 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Regency Centers by 15.2% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 16,316 shares of the company’s stock worth $988,000 after acquiring an additional 2,156 shares during the last quarter. Intech Investment Management LLC boosted its position in Regency Centers by 340.8% during the first quarter. Intech Investment Management LLC now owns 17,056 shares of the company’s stock worth $1,033,000 after acquiring an additional 13,187 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Regency Centers by 3.0% during the first quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock worth $1,749,520,000 after acquiring an additional 830,572 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

REG has been the topic of a number of recent research reports. KeyCorp initiated coverage on shares of Regency Centers in a research report on Friday, October 25th. They set an “overweight” rating and a $80.00 price target on the stock. Raymond James boosted their price target on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. boosted their target price 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. Scotiabank boosted their target price on shares of Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Finally, Robert W. Baird boosted their target price 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. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $76.92.

Regency Centers Price Performance

Regency Centers stock opened at $73.66 on Monday. The company’s 50 day simple moving average is $72.39 and its 200-day simple moving average is $67.29. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 4.54 and a beta of 1.21. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $75.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95.

Regency Centers (NASDAQ:REG) last released 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 company had revenue of $360.27 million during the quarter, compared to analysts’ expectations of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same period last year, the firm posted $1.02 earnings per share. As a group, equities research analysts expect that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The firm also recently announced 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 an increase from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a yield of 3.83%. The ex-dividend date is Monday, December 16th. Regency Centers’s dividend 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.