Czech National Bank increased its holdings in Regency Centers Co. (NASDAQ:REG – Free Report) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,419 shares of the company’s stock after purchasing an additional 2,144 shares during the period. Czech National Bank’s holdings in Regency Centers were worth $2,619,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. State Street Corp grew its stake in Regency Centers by 1.1% in the 3rd quarter. State Street Corp now owns 11,768,052 shares of the company’s stock valued at $857,892,000 after buying an additional 131,300 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Regency Centers by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock valued at $801,056,000 after acquiring an additional 435,932 shares during the period. Dimensional Fund Advisors LP boosted its holdings 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 acquiring an additional 117,368 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of 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 valued at $167,034,000 after purchasing an additional 71,278 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 purchasing an additional 1,908,153 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.
Regency Centers Stock Performance
NASDAQ REG opened at $71.66 on Friday. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $76.53. 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 cap of $13.01 billion, a P/E ratio of 33.64, a PEG ratio of 3.62 and a beta of 1.22. The company’s 50-day simple moving average is $73.64 and its 200 day simple moving average is $71.17.
Regency Centers Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 16th were paid a dividend of $0.705 per share. This is a positive change from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a yield of 3.94%. The ex-dividend date was Monday, December 16th. Regency Centers’s dividend payout ratio is currently 132.39%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Mizuho increased their target price on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Robert W. Baird increased their price objective on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. KeyCorp began coverage on shares of Regency Centers in a research report on Friday, October 25th. They set an “overweight” rating and a $80.00 target price on the stock. BTIG Research increased their price target on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. boosted their price objective 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. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.00.
Read Our Latest Report on Regency Centers
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.
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