Public Sector Pension Investment Board Has $2.05 Million Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Public Sector Pension Investment Board raised its position in Regency Centers Co. (NASDAQ:REG) by 26.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 28,421 shares of the company’s stock after purchasing an additional 5,939 shares during the period. Public Sector Pension Investment Board’s holdings in Regency Centers were worth $2,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. PGGM Investments raised its stake in shares of Regency Centers by 2,586.9% in the second quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock valued at $103,912,000 after purchasing an additional 1,608,431 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Regency Centers by 170.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 80,107 shares of the company’s stock valued at $4,983,000 after buying an additional 50,444 shares during the period. Raymond James & Associates raised its stake in shares of Regency Centers by 41.2% in the 2nd quarter. Raymond James & Associates now owns 151,913 shares of the company’s stock valued at $9,449,000 after buying an additional 44,290 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Regency Centers by 60.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,618 shares of the company’s stock worth $2,091,000 after acquiring an additional 12,682 shares during the period. Finally, BDF Gestion acquired a new stake in shares of Regency Centers during the 2nd quarter valued at about $1,742,000. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on REG. Robert W. Baird increased their price target on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Scotiabank raised their target price on Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Mizuho upped their price target on Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. KeyCorp assumed coverage on Regency Centers in a research note on Friday, October 25th. They set an “overweight” rating and a $80.00 price objective for the company. Finally, Evercore ISI upgraded shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Two research 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 stock currently has an average rating of “Buy” and a consensus price target of $77.08.

Regency Centers Trading Down 0.1 %

REG opened at $74.31 on Friday. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The firm has a 50-day moving average price of $72.71 and a two-hundred day moving average price of $68.61. The stock has a market capitalization of $13.49 billion, a PE ratio of 34.89, a PEG ratio of 4.12 and a beta of 1.22. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share 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 company had revenue of $360.27 million during the quarter, compared to analyst estimates of $355.17 million. During the same period in the prior year, the business earned $1.02 EPS. As a group, equities analysts anticipate that Regency Centers Co. will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be issued a $0.705 dividend. This is a boost 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 3.79%. Regency Centers’s dividend payout ratio (DPR) is currently 132.39%.

About Regency Centers

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.