Regency Centers Co. (NASDAQ:REG) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 67.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,917 shares of the company’s stock after selling 30,892 shares during the quarter. Wellington Management Group LLP’s holdings in Regency Centers were worth $1,077,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 last quarter. Waterfront Capital Partners LLC acquired a new position in shares of Regency Centers during the third quarter worth about $33,628,000. Principal Financial Group Inc. raised its holdings in 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 purchasing an additional 357,091 shares in the last quarter. abrdn plc lifted its position in 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 period. Finally, Varma Mutual Pension Insurance Co purchased a new stake in Regency Centers in the 2nd quarter valued at 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 equities analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. BTIG Research increased their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their target price on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Evercore ISI upgraded shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Finally, KeyCorp started coverage on shares of Regency Centers in a report on Friday, October 25th. They set an “overweight” rating and a $80.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Regency Centers presently has a consensus rating of “Buy” and an average target price of $77.08.

Regency Centers Trading Down 1.1 %

Shares of REG opened at $72.42 on Friday. Regency Centers Co. has a 1-year low of $56.51 and a 1-year 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. The firm has a 50 day simple moving average of $73.47 and a 200-day simple moving average of $69.67. The stock has a market cap of $13.14 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 4.16 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data 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 firm 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 firm earned $1.02 EPS. Equities analysts forecast that Regency Centers Co. will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The company also recently disclosed 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 an increase from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.82 annualized dividend and a yield of 3.89%. Regency Centers’s dividend payout ratio (DPR) is 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.