Regency Centers Co. (NASDAQ:REG) Stock Holdings Lifted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Regency Centers Co. (NASDAQ:REG) by 23.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,463 shares of the company’s stock after purchasing an additional 32,822 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Regency Centers were worth $12,313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PGGM Investments increased its holdings in 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 buying an additional 1,608,431 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Regency Centers by 4.2% in the second quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock valued at $555,009,000 after acquiring an additional 357,091 shares during the last quarter. abrdn plc grew its position in Regency Centers by 199.7% in the third quarter. abrdn plc now owns 375,059 shares of the company’s stock worth $27,006,000 after acquiring an additional 249,929 shares in the last quarter. Swedbank AB acquired a new position in shares of Regency Centers during the 1st quarter worth $10,796,000. Finally, Varma Mutual Pension Insurance Co bought a new position in shares of Regency Centers during the 2nd quarter valued at $10,862,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Trading Down 0.4 %

Shares of REG opened at $75.59 on Friday. The stock’s 50-day moving average price is $72.58 and its 200 day moving average price is $68.31. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $13.72 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 4.18 and a beta of 1.21. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $76.53.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data 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). The firm 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 prior year, the firm posted $1.02 earnings per share. As a group, research analysts predict that Regency Centers Co. will post 4.28 earnings per share 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 issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.73%. 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%.

Analyst Ratings Changes

REG has been the topic of several analyst reports. KeyCorp began 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 on the stock. Raymond James increased their price objective on Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Mizuho boosted their target price on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Truist Financial increased their price target on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Compass Point boosted their price objective on shares of Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $77.08.

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.