Martingale Asset Management L P Invests $332,000 in Regency Centers Co. (NASDAQ:REG)

Martingale Asset Management L P acquired a new stake in Regency Centers Co. (NASDAQ:REG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,596 shares of the company’s stock, valued at approximately $332,000.

Several other institutional investors and hedge funds have also bought and sold shares of REG. Principal Financial Group Inc. increased its stake in shares of Regency Centers by 4.2% in the second quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock worth $555,009,000 after purchasing an additional 357,091 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Regency Centers by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company’s stock worth $164,327,000 after buying an additional 117,368 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Regency Centers by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company’s stock valued at $167,034,000 after buying an additional 71,278 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 valued at $149,932,000 after acquiring an additional 1,908,153 shares during the period. Finally, PGGM Investments boosted its holdings in shares of Regency Centers by 2,586.9% in the second quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock worth $103,912,000 after acquiring an additional 1,608,431 shares during the period. 96.07% of the stock is owned by institutional investors.

Regency Centers Price Performance

REG opened at $74.72 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 stock has a market capitalization of $13.56 billion, a P/E ratio of 35.08, a PEG ratio of 4.11 and a beta of 1.22. The stock has a 50-day moving average price of $72.63 and a 200-day moving average price of $68.47. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $76.53.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). The business had revenue of $360.27 million for the quarter, compared to the consensus estimate 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 previous year, the business earned $1.02 earnings per share. Equities analysts predict that Regency Centers Co. will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.77%. This is a positive change from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date is Monday, December 16th. Regency Centers’s dividend payout ratio is presently 125.82%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Mizuho increased their price objective on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. BTIG Research raised their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. KeyCorp initiated coverage on shares of Regency Centers in a report on Friday, October 25th. They set an “overweight” rating and a $80.00 target price on the stock. Scotiabank raised their price target on shares of Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and upped their price target for the stock from $70.00 to $75.00 in a report on Thursday, September 26th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $77.08.

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.