Y Intercept Hong Kong Ltd Buys New Shares in Regency Centers Co. (NASDAQ:REG)

Y Intercept Hong Kong Ltd purchased a new position in shares of Regency Centers Co. (NASDAQ:REG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,198 shares of the company’s stock, valued at approximately $953,000.

Other hedge funds also recently bought and sold shares of the company. Quest Partners LLC grew its position in shares of 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 buying an additional 505 shares in the last quarter. Family Firm Inc. acquired a new position in Regency Centers during the 2nd quarter worth approximately $44,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Regency Centers by 300.0% in 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 during the last quarter. Blue Trust Inc. raised its holdings in shares of Regency Centers by 582.1% in 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. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Regency Centers during the 2nd quarter worth $60,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

REG has been the topic of a number of analyst reports. Robert W. Baird raised their price target on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. KeyCorp began coverage on Regency Centers in a research note on Friday, October 25th. They set an “overweight” rating and a $80.00 target price for the company. Compass Point increased their price target on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Evercore ISI upgraded shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company increased their target price on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Two 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. Based on data from MarketBeat, Regency Centers presently has a consensus rating of “Buy” and an average target price of $77.08.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $75.31 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.53. The company has a 50-day simple moving average of $73.08 and a 200-day simple moving average of $69.16. The stock has a market capitalization of $13.67 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 4.08 and a beta of 1.22.

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

Regency Centers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be issued a $0.705 dividend. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date is Monday, December 16th. This represents a $2.82 annualized dividend and a dividend yield of 3.74%. Regency Centers’s payout ratio is presently 132.39%.

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.