4,596 Shares in Regency Centers Co. (NASDAQ:REG) Acquired by Martingale Asset Management L P

Martingale Asset Management L P bought a new stake in shares of Regency Centers Co. (NASDAQ:REG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,596 shares of the company’s stock, valued at approximately $332,000.

Several other hedge funds have also recently added to or reduced their stakes in REG. Waterfront Capital Partners LLC bought a new position in shares of Regency Centers in the 3rd quarter worth about $33,628,000. Public Sector Pension Investment Board lifted its stake in Regency Centers by 26.4% in the third quarter. Public Sector Pension Investment Board now owns 28,421 shares of the company’s stock valued at $2,053,000 after buying an additional 5,939 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Regency Centers by 1,138.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock worth $149,932,000 after buying an additional 1,908,153 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Regency Centers by 23.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 170,463 shares of the company’s stock worth $12,313,000 after buying an additional 32,822 shares during the period. Finally, Glenmede Trust Co. NA increased its stake in shares of Regency Centers by 4.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock valued at $244,000 after acquiring an additional 141 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on REG shares. Robert W. Baird raised their price target on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Raymond James boosted their target price on Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Compass Point increased their price target on Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Wells Fargo & Company boosted their price objective on Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Finally, 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. Two research 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $77.08.

Regency Centers Stock Up 0.1 %

Regency Centers stock opened at $74.72 on Wednesday. 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 stock has a market cap of $13.56 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 4.11 and a beta of 1.22. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $76.53. The firm’s 50-day simple moving average is $72.63 and its 200 day simple moving average is $68.47.

Regency Centers (NASDAQ:REG) last announced its 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 during the quarter, compared to analysts’ expectations of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same quarter in the previous year, the firm earned $1.02 EPS. Research analysts predict that Regency Centers Co. will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.77%. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Monday, December 16th. Regency Centers’s payout ratio is presently 125.82%.

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.