Regency Centers Co. (NASDAQ:REG) Holdings Reduced by Everence Capital Management Inc.

Everence Capital Management Inc. lessened its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 42.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,340 shares of the company’s stock after selling 3,890 shares during the period. Everence Capital Management Inc.’s holdings in Regency Centers were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quest Partners LLC raised its stake in Regency Centers by 25,250.0% during the 2nd quarter. Quest Partners LLC now owns 507 shares of the company’s stock valued at $32,000 after acquiring an additional 505 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised 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 valued at $58,000 after purchasing an additional 600 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Regency Centers by 126.5% in the second quarter. Federated Hermes Inc. now owns 1,008 shares of the company’s stock worth $63,000 after purchasing an additional 563 shares during the period. Acadian Asset Management LLC bought a new position in Regency Centers in the 2nd quarter valued at about $92,000. Finally, Brooklyn Investment Group acquired a new position in Regency Centers during the 3rd quarter valued at about $96,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Trading Up 1.1 %

Regency Centers stock opened at $73.03 on Monday. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $76.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $13.25 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 4.16 and a beta of 1.22. The company has a 50 day moving average price of $73.94 and a 200 day moving average price of $70.76.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results 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). The business had revenue of $360.27 million for 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 quarter in the prior year, the firm posted $1.02 EPS. Research analysts forecast that Regency Centers Co. will post 4.28 EPS for the current year.

Regency Centers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 16th were given a dividend of $0.705 per share. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 dividend on an annualized basis and a yield of 3.86%. Regency Centers’s payout ratio is presently 132.39%.

Wall Street Analysts Forecast Growth

REG has been the subject of several recent analyst reports. Compass Point increased their price objective on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Evercore ISI lowered their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Robert W. Baird upped their price objective on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a “buy” rating to a “hold” rating and upped their price target for the company from $70.00 to $75.00 in a report on Thursday, September 26th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.42.

About Regency Centers

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.