Beck Capital Management LLC Has $2.49 Million Position in Regency Centers Co. (NASDAQ:REG)

Beck Capital Management LLC boosted its position in shares of Regency Centers Co. (NASDAQ:REG) by 11.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,526 shares of the company’s stock after buying an additional 3,513 shares during the period. Beck Capital Management LLC’s holdings in Regency Centers were worth $2,494,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of Regency Centers by 4.2% during the 2nd quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock worth $555,009,000 after buying an additional 357,091 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Regency Centers by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company’s stock worth $164,327,000 after acquiring an additional 117,368 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Regency Centers by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company’s stock worth $167,034,000 after acquiring an additional 71,278 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Regency Centers by 1,138.5% in 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 purchasing an additional 1,908,153 shares in the last quarter. Finally, PGGM Investments grew its holdings in shares of Regency Centers by 2,586.9% during the 2nd quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock valued at $103,912,000 after purchasing an additional 1,608,431 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Regency Centers Stock Performance

REG stock opened at $75.59 on Monday. The stock has a 50-day moving average price of $72.58 and a 200-day moving average price of $68.37. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The firm has a market cap of $13.72 billion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 4.17 and a beta of 1.21. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65.

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

Regency Centers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.73%. This is a positive change 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 132.39%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Mizuho increased their price objective 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. BTIG Research boosted their target price on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. KeyCorp assumed coverage on shares of Regency Centers in a report on Friday, October 25th. They set an “overweight” rating and a $80.00 price target on the stock. Truist Financial increased their price objective on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. raised their target price on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock 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.