Brooklyn Investment Group Makes New $96,000 Investment in Regency Centers Co. (NASDAQ:REG)

Brooklyn Investment Group bought a new stake in shares of Regency Centers Co. (NASDAQ:REG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,331 shares of the company’s stock, valued at approximately $96,000.

A number of other large investors have also recently made changes to their positions in REG. PGGM Investments grew its stake 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 purchasing an additional 1,608,431 shares in the last quarter. Principal Financial Group Inc. grew its position 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. abrdn plc increased its stake in shares of Regency Centers by 199.7% during the third quarter. abrdn plc now owns 375,059 shares of the company’s stock valued at $27,006,000 after buying an additional 249,929 shares during the period. Lasalle Investment Management Securities LLC increased its stake in shares of Regency Centers by 92.6% during the first quarter. Lasalle Investment Management Securities LLC now owns 437,213 shares of the company’s stock valued at $26,478,000 after buying an additional 210,161 shares during the period. Finally, Swedbank AB bought a new stake in shares of Regency Centers in the first quarter valued at about $10,796,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Trading Up 1.2 %

Regency Centers stock opened at $75.91 on Thursday. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.14. The stock has a market cap of $13.78 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 4.08 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50-day moving average of $72.42 and a two-hundred day moving average of $68.09.

Regency Centers (NASDAQ:REG) last announced 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). The company had revenue of $360.27 million during the quarter, compared to analysts’ expectations of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same period in the previous year, the business earned $1.02 earnings per share. On average, research analysts anticipate that Regency Centers Co. will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The business 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. The ex-dividend date is Monday, December 16th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.71%. Regency Centers’s payout ratio is 125.82%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Evercore ISI upgraded shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Robert W. Baird lifted their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Raymond James boosted their price objective on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. increased their target price on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, Truist Financial boosted their price target on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $77.08.

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.