KBC Group NV Has $12.27 Million Stock Position in Regency Centers Co. (NASDAQ:REG)

KBC Group NV grew its stake in shares of Regency Centers Co. (NASDAQ:REG) by 303.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 169,927 shares of the company’s stock after acquiring an additional 127,796 shares during the quarter. KBC Group NV owned about 0.09% of Regency Centers worth $12,274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of REG. Quest Partners LLC lifted its stake in Regency Centers by 25,250.0% during the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after purchasing an additional 505 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Regency Centers during the 2nd quarter worth $44,000. Blue Trust Inc. boosted its stake in Regency Centers by 582.1% in the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after buying an additional 716 shares in the last quarter. EntryPoint Capital LLC bought a new position in Regency Centers in the first quarter valued at about $52,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in Regency Centers by 300.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock worth $58,000 after acquiring an additional 600 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Price Performance

Regency Centers stock opened at $73.66 on Friday. The stock’s 50 day moving average is $72.39 and its 200 day moving average is $67.24. Regency Centers Co. has a one year low of $56.51 and a one year high of $75.26. The firm has a market cap of $13.37 billion, a P/E ratio of 34.58, a P/E/G ratio of 4.55 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. The firm had revenue of $360.27 million during the quarter, compared to analyst estimates of $355.17 million. During the same quarter last year, the firm posted $1.02 EPS. As a group, research analysts expect that Regency Centers Co. will post 4.28 EPS for the current year.

Regency Centers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend 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 payout ratio is currently 132.39%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on REG shares. Truist Financial lifted their price target on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 16th. KeyCorp began coverage on shares of Regency Centers in a report on Friday, October 25th. They set an “overweight” rating and a $80.00 price target for the company. Scotiabank raised their price objective on Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Compass Point boosted their price objective on Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. increased their target price on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $76.92.

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.