Regency Centers Co. (NASDAQ:REG) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its holdings in Regency Centers Co. (NASDAQ:REG) by 8.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,013 shares of the company’s stock after selling 364 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Regency Centers were worth $297,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Regency Centers by 300.0% in 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 last quarter. Quest Partners LLC raised its stake in Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock worth $68,000 after acquiring an additional 430 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Regency Centers during the 3rd quarter worth about $96,000. Quarry LP grew its stake in Regency Centers by 2,811.4% during the 3rd quarter. Quarry LP now owns 2,300 shares of the company’s stock valued at $166,000 after purchasing an additional 2,221 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new position in shares of Regency Centers in the fourth quarter valued at about $207,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. 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. Robert W. Baird upped their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. BTIG Research increased their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. KeyCorp initiated coverage on shares of Regency Centers in a research report on Friday, October 25th. They set an “overweight” rating and a $80.00 target price for the company. Finally, Mizuho increased their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating, eight have issued 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 an average price target of $78.08.

Regency Centers Stock Up 1.1 %

REG stock opened at $74.42 on Wednesday. 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 firm has a 50-day moving average of $72.81 and a two-hundred day moving average of $72.34. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $76.53. The company has a market cap of $13.51 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 3.77 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a return on equity of 5.89% and a net margin of 27.54%. As a group, analysts forecast that Regency Centers Co. will post 4.49 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company also recently disclosed 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 dividend yield of 3.79%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio is currently 133.02%.

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.