5,854 Shares in Regency Centers Co. (NASDAQ:REG) Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Regency Centers Co. (NASDAQ:REG) during the third quarter, Holdings Channel reports. The institutional investor purchased 5,854 shares of the company’s stock, valued at approximately $423,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new stake in shares of Regency Centers during the third quarter worth approximately $592,000. Verition Fund Management LLC increased its position in shares of Regency Centers by 138.1% in the 3rd quarter. Verition Fund Management LLC now owns 13,694 shares of the company’s stock valued at $989,000 after purchasing an additional 7,942 shares during the last quarter. Martingale Asset Management L P purchased a new stake in shares of Regency Centers in the 3rd quarter valued at approximately $332,000. Waterfront Capital Partners LLC acquired a new stake in shares of Regency Centers in the 3rd quarter valued at $33,628,000. Finally, Public Sector Pension Investment Board grew its stake in shares of Regency Centers by 26.4% during the third quarter. Public Sector Pension Investment Board now owns 28,421 shares of the company’s stock worth $2,053,000 after purchasing an additional 5,939 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $74.63 on Tuesday. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.53. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 4.17 and a beta of 1.22. The company has a 50-day simple moving average of $72.58 and a 200-day simple moving average of $68.37. 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 (NASDAQ:REG) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. The company had revenue of $360.27 million for the quarter, compared to analysts’ expectations of $355.17 million. During the same period in the prior year, the company earned $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 business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be issued a dividend of $0.705 per share. The ex-dividend date is Monday, December 16th. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a dividend yield of 3.78%. Regency Centers’s dividend payout ratio (DPR) is currently 125.82%.

Analyst Ratings Changes

REG has been the topic of a number of analyst reports. Compass Point raised their price target on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Wells Fargo & Company boosted their target price on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Evercore ISI upgraded shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. BTIG Research boosted their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Two 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $77.08.

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.