MML Investors Services LLC Grows Position in Regency Centers Co. (NASDAQ:REG)

MML Investors Services LLC increased its position in Regency Centers Co. (NASDAQ:REG) by 14.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,817 shares of the company’s stock after purchasing an additional 1,258 shares during the period. MML Investors Services LLC’s holdings in Regency Centers were worth $709,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in REG. State Street Corp increased its stake in shares of Regency Centers by 1.1% during the third quarter. State Street Corp now owns 11,768,052 shares of the company’s stock valued at $857,892,000 after purchasing an additional 131,300 shares in the last quarter. Principal Financial Group Inc. increased its position in Regency Centers by 4.2% during the 2nd quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock valued at $555,009,000 after buying an additional 357,091 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Regency Centers by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company’s stock valued at $164,327,000 after buying an additional 117,368 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Regency Centers by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company’s stock worth $167,034,000 after acquiring an additional 71,278 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Regency Centers by 1,138.5% in the third 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 acquiring an additional 1,908,153 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. BTIG Research upped their price target on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Wells Fargo & Company increased their price target on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $70.00 to $75.00 in a report on Thursday, September 26th. Evercore ISI upgraded Regency Centers from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Finally, Scotiabank boosted their price target on Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $77.25.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $73.80 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $13.39 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 4.16 and a beta of 1.22. The firm’s 50 day moving average price is $73.54 and its 200-day moving average price is $69.76. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $76.53.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results 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). The business 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 quarter in the previous year, the business posted $1.02 earnings per share. Equities research analysts expect that Regency Centers Co. will post 4.28 EPS for the current year.

Regency Centers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be given 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 dividend on an annualized basis and a yield of 3.82%. Regency Centers’s dividend payout ratio is presently 132.39%.

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.