Captrust Financial Advisors Has $277,000 Stock Position in Regency Centers Co. (NASDAQ:REG)

Captrust Financial Advisors lessened its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 16.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,838 shares of the company’s stock after selling 739 shares during the quarter. Captrust Financial Advisors’ holdings in Regency Centers were worth $277,000 at the end of the most recent reporting period.

Other institutional investors 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% during 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 worth $149,932,000 after buying an additional 1,908,153 shares during the period. Waterfront Capital Partners LLC acquired a new stake in Regency Centers during the third quarter worth approximately $33,628,000. Principal Financial Group Inc. boosted its holdings in shares of Regency Centers by 4.2% during the second quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock worth $555,009,000 after acquiring an additional 357,091 shares during the period. abrdn plc grew its position in shares of Regency Centers by 199.7% in the third quarter. abrdn plc now owns 375,059 shares of the company’s stock valued at $27,006,000 after purchasing an additional 249,929 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co bought a new position in shares of Regency Centers during the second quarter worth approximately $10,862,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft lowered Regency Centers from a “buy” rating to a “hold” rating and upped their price objective for the company from $70.00 to $75.00 in a report on Thursday, September 26th. Compass Point raised their price target on shares of Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. KeyCorp started coverage on shares of Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price objective for the company. Evercore ISI raised shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Finally, Robert W. Baird boosted their price target on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Two equities 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 company. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of “Buy” and a consensus target price of $77.08.

Regency Centers Stock Up 0.1 %

NASDAQ REG opened at $75.37 on Friday. The business has a fifty day moving average price of $73.17 and a two-hundred day moving average price of $69.35. The stock has a market capitalization of $13.68 billion, a PE ratio of 35.38, a PEG ratio of 4.09 and a beta of 1.22. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $76.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. The business had revenue of $360.27 million for the quarter, compared to the consensus estimate of $355.17 million. During the same quarter in the prior year, the company earned $1.02 earnings per share. Equities analysts expect that Regency Centers Co. will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be issued a dividend of $0.705 per share. The ex-dividend date is Monday, December 16th. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a dividend yield of 3.74%. Regency Centers’s dividend payout ratio is 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.