M&T Bank Corp Acquires 595 Shares of Regency Centers Co. (NASDAQ:REG)

M&T Bank Corp raised its stake in shares of Regency Centers Co. (NASDAQ:REG) by 2.2% during the 3rd quarter, Holdings Channel reports. The fund owned 27,796 shares of the company’s stock after purchasing an additional 595 shares during the period. M&T Bank Corp’s holdings in Regency Centers were worth $2,008,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in Regency Centers by 26.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,309 shares of the company’s stock valued at $392,000 after acquiring an additional 1,316 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Regency Centers by 3.3% during the second quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock worth $295,000 after purchasing an additional 152 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Regency Centers by 582.1% during 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 during the last quarter. Raymond James & Associates boosted its position in shares of Regency Centers by 41.2% in the 2nd quarter. Raymond James & Associates now owns 151,913 shares of the company’s stock worth $9,449,000 after purchasing an additional 44,290 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Regency Centers by 0.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 94,051 shares of the company’s stock worth $5,913,000 after buying an additional 378 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on REG shares. Scotiabank raised their price target on Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Evercore ISI raised shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Robert W. Baird boosted their target price on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. KeyCorp assumed coverage on shares of Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price target for the company. Finally, Wells Fargo & Company boosted their price objective on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Two research 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 MarketBeat.com, Regency Centers currently has a consensus rating of “Buy” and a consensus price target of $77.08.

Regency Centers Price Performance

NASDAQ:REG opened at $75.37 on Friday. The firm’s fifty day moving average is $73.17 and its two-hundred day moving average is $69.35. The firm has a market cap of $13.68 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 4.09 and a beta of 1.22. 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.

Regency Centers (NASDAQ:REG) last issued its 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 company had revenue of $360.27 million during the quarter, compared to analysts’ expectations of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same quarter in the previous year, the company earned $1.02 EPS. Research analysts expect 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 dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.74%. 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 payout ratio is 132.39%.

About Regency Centers

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.