Elo Mutual Pension Insurance Co Increases Holdings in Regency Centers Co. (NASDAQ:REG)

Elo Mutual Pension Insurance Co increased its stake in Regency Centers Co. (NASDAQ:REG) by 6.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 17,006 shares of the company’s stock after buying an additional 984 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Regency Centers were worth $1,058,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in REG. Fidelis Capital Partners LLC purchased a new position in Regency Centers during the first quarter worth about $27,000. Quest Partners LLC grew its position in Regency Centers by 25,250.0% during the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after buying an additional 505 shares in the last quarter. Family Firm Inc. purchased a new position in Regency Centers during the second quarter worth about $44,000. Blue Trust Inc. grew its position in Regency Centers by 582.1% during the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after buying an additional 716 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Regency Centers during the first quarter worth about $52,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the transaction, the vice president now owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the chairman now owns 307,199 shares of the company’s stock, valued at approximately $21,503,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the transaction, the vice president now directly owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Mizuho boosted their target price on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. upped their price objective on Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Evercore ISI cut Regency Centers from an “outperform” rating to an “inline” rating and upped their price objective for the stock from $72.00 to $75.00 in a report on Monday, September 16th. Scotiabank upped their price objective on Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Finally, Compass Point upped their price objective on Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.10.

Regency Centers Trading Down 0.7 %

NASDAQ REG opened at $71.59 on Friday. Regency Centers Co. has a 1-year low of $56.29 and a 1-year high of $75.26. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $70.18 and a 200-day moving average of $63.71. The firm has a market cap of $12.99 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 4.66 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last released its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. The company had revenue of $357.25 million during the quarter, compared to the consensus estimate of $361.56 million. During the same period last year, the firm posted $1.03 EPS. As a group, sell-side analysts forecast that Regency Centers Co. will post 4.23 EPS for the current year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers’s payout ratio is 130.73%.

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.