Quest Partners LLC Grows Position in Regency Centers Co. (NASDAQ:REG)

Quest Partners LLC raised its position in Regency Centers Co. (NASDAQ:REG) by 84.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 937 shares of the company’s stock after buying an additional 430 shares during the quarter. Quest Partners LLC’s holdings in Regency Centers were worth $68,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Family Firm Inc. purchased a new stake in Regency Centers in the 2nd quarter valued at $44,000. Blue Trust Inc. raised its holdings in shares of Regency Centers by 582.1% in the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after buying an additional 716 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Regency Centers by 300.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock worth $58,000 after buying an additional 600 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Regency Centers during the second quarter worth about $60,000. Finally, Federated Hermes Inc. grew its holdings in shares of Regency Centers by 126.5% during the second quarter. Federated Hermes Inc. now owns 1,008 shares of the company’s stock worth $63,000 after buying an additional 563 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

REG has been the subject of a number of recent research reports. Compass Point increased their price objective on Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. KeyCorp assumed coverage on shares of Regency Centers in a research report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price objective on the stock. Evercore ISI upgraded shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their target price on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Truist Financial increased their price target on shares of Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Regency Centers has a consensus rating of “Buy” and a consensus target price of $77.08.

Regency Centers Trading Down 0.4 %

Shares of Regency Centers stock opened at $75.59 on Friday. The company has a 50-day moving average of $72.58 and a two-hundred day moving average of $68.31. The stock has a market cap of $13.72 billion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 4.18 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. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $76.53.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data 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 firm had revenue of $360.27 million during the quarter, compared to analysts’ expectations of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same period in the previous year, the business earned $1.02 earnings per share. On average, research analysts anticipate that Regency Centers Co. will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The company 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 represents a $2.82 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Monday, December 16th. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s payout ratio is 125.82%.

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.