Caprock Group LLC Reduces Holdings in Regency Centers Co. (NASDAQ:REG)

Caprock Group LLC lowered its stake in shares of Regency Centers Co. (NASDAQ:REG) by 26.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,282 shares of the company’s stock after selling 1,175 shares during the quarter. Caprock Group LLC’s holdings in Regency Centers were worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. LMR Partners LLP bought a new stake in shares of Regency Centers during the third quarter valued at approximately $259,000. Quest Partners LLC grew its position in shares of Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock worth $68,000 after buying an additional 430 shares during the period. Prudent Man Advisors LLC bought a new position in shares of Regency Centers in the 3rd quarter worth about $213,000. CIBC Asset Management Inc lifted its position in Regency Centers by 7.5% during the 3rd quarter. CIBC Asset Management Inc now owns 24,544 shares of the company’s stock valued at $1,773,000 after acquiring an additional 1,722 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in Regency Centers by 18.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,915 shares of the company’s stock worth $355,000 after acquiring an additional 748 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Trading Down 0.3 %

NASDAQ:REG opened at $74.24 on Monday. The company has a market cap of $13.47 billion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 4.10 and a beta of 1.21. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. The company has a 50 day simple moving average of $72.36 and a two-hundred day simple moving average of $67.82. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $75.26.

Regency Centers (NASDAQ:REG) last issued 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 firm had revenue of $360.27 million during the quarter, compared to the consensus estimate 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 firm earned $1.02 EPS. Research analysts forecast that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be given a dividend of $0.705 per share. The ex-dividend date is Monday, December 16th. This represents a $2.82 annualized dividend and a dividend yield of 3.80%. This is a positive change from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s dividend payout ratio is presently 132.39%.

Analysts Set New Price Targets

A number of brokerages have weighed in on REG. Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a “buy” rating to a “hold” rating and raised their target price for the company from $70.00 to $75.00 in a research note on Thursday, September 26th. KeyCorp started coverage on Regency Centers in a research note on Friday, October 25th. They issued an “overweight” rating and a $80.00 target price on the stock. Robert W. Baird lifted their price target on Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Raymond James raised their price target on shares of Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Regency Centers has a consensus rating of “Buy” and a consensus target price of $76.92.

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.