Victory Capital Management Inc. Has $1.90 Million Holdings in Regency Centers Co. (NASDAQ:REG)

Victory Capital Management Inc. trimmed its position in shares of Regency Centers Co. (NASDAQ:REG) by 83.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,234 shares of the company’s stock after selling 130,708 shares during the period. Victory Capital Management Inc.’s holdings in Regency Centers were worth $1,895,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Regency Centers by 25.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 68,631 shares of the company’s stock valued at $4,957,000 after buying an additional 13,812 shares during the period. Entropy Technologies LP acquired a new position in Regency Centers in the third quarter worth about $591,000. Versor Investments LP acquired a new stake in Regency Centers during the third quarter valued at approximately $523,000. Crossmark Global Holdings Inc. grew its stake in shares of Regency Centers by 7.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 9,486 shares of the company’s stock valued at $685,000 after purchasing an additional 696 shares during the period. Finally, Harvest Portfolios Group Inc. raised its holdings in shares of Regency Centers by 123.1% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 24,328 shares of the company’s stock worth $1,757,000 after buying an additional 13,424 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on REG. Raymond James increased their price objective on Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and upped their price objective for the stock from $70.00 to $75.00 in a research note on Thursday, September 26th. Mizuho lifted their target price on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Truist Financial increased their price target on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Evercore ISI upgraded shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Two research 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 company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $76.92.

Regency Centers Stock Down 0.3 %

NASDAQ:REG opened at $74.24 on Monday. The stock has a market cap of $13.47 billion, a price-to-earnings ratio of 34.85, a PEG ratio of 4.10 and a beta of 1.21. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $72.36 and a two-hundred day moving average price of $67.82. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $75.26.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.54 earnings per share (EPS) 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 company had revenue of $360.27 million for the quarter, compared to the consensus estimate of $355.17 million. During the same period in the prior year, the company earned $1.02 EPS. As a group, equities analysts expect that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be paid a dividend of $0.705 per share. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, December 16th. Regency Centers’s dividend payout ratio (DPR) is currently 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.