5,345 Shares in Regency Centers Co. (NASDAQ:REG) Purchased by Empowered Funds LLC

Empowered Funds LLC acquired a new stake in shares of Regency Centers Co. (NASDAQ:REG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,345 shares of the company’s stock, valued at approximately $395,000.

Several other hedge funds have also recently modified their holdings of REG. Creative Planning lifted its position in shares of Regency Centers by 6.5% during the 3rd quarter. Creative Planning now owns 13,276 shares of the company’s stock valued at $959,000 after buying an additional 816 shares in the last quarter. Blue Trust Inc. increased its position in shares of Regency Centers by 310.1% during the 3rd quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $249,000 after purchasing an additional 2,602 shares during the last quarter. Greenleaf Trust increased its position in shares of Regency Centers by 5.5% during the 3rd quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock worth $330,000 after purchasing an additional 238 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Regency Centers by 7,209.8% during the 3rd quarter. International Assets Investment Management LLC now owns 18,567 shares of the company’s stock worth $1,341,000 after purchasing an additional 18,313 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Regency Centers by 43.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,817 shares of the company’s stock valued at $492,000 after acquiring an additional 2,073 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. KeyCorp began coverage on Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 target price on the stock. Mizuho upped their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their target price on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, 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 research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Price Performance

REG stock opened at $73.44 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $76.53. The firm has a market cap of $13.33 billion, a P/E ratio of 34.64, a price-to-earnings-growth ratio of 3.70 and a beta of 1.21. The stock has a 50-day simple moving average of $72.69 and a 200-day simple moving average of $72.53.

Regency Centers (NASDAQ:REG) last posted its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. On average, equities analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio is currently 133.02%.

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.