ING Groep NV Decreases Holdings in Regency Centers Co. (NASDAQ:REG)

ING Groep NV decreased its position in shares of Regency Centers Co. (NASDAQ:REG) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,846 shares of the company’s stock after selling 283 shares during the period. ING Groep NV’s holdings in Regency Centers were worth $1,578,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quest Partners LLC increased 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 purchasing an additional 505 shares in the last quarter. Family Firm Inc. acquired a new position in Regency Centers during the 2nd quarter valued at approximately $44,000. Blue Trust Inc. increased its stake in Regency Centers by 582.1% during the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after purchasing an additional 716 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Regency Centers during the 1st quarter valued at approximately $52,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Regency Centers by 300.0% during the 3rd 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. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered 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 research note on Thursday, September 26th. Mizuho upped their price target on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. JPMorgan Chase & Co. increased their price objective on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. KeyCorp initiated coverage on shares of Regency Centers in a research note on Friday, October 25th. They issued an “overweight” rating and a $80.00 price objective on the stock. Finally, Scotiabank increased their price objective on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $76.92.

Regency Centers Price Performance

REG stock opened at $73.66 on Monday. The firm has a market cap of $13.37 billion, a PE ratio of 34.58, a P/E/G ratio of 4.54 and a beta of 1.21. 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’s fifty day moving average is $72.39 and its 200 day moving average is $67.29. Regency Centers Co. has a one year low of $56.51 and a one year high of $75.26.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.50). The firm had revenue of $360.27 million for the quarter, compared to analyst estimates 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 business posted $1.02 EPS. On average, 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 will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.83%. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Monday, December 16th. Regency Centers’s dividend payout ratio (DPR) is presently 125.82%.

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.