Dean Investment Associates LLC Sells 1,191 Shares of Regency Centers Co. (NASDAQ:REG)

Dean Investment Associates LLC reduced its position in shares of Regency Centers Co. (NASDAQ:REG) by 2.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 40,121 shares of the company’s stock after selling 1,191 shares during the period. Dean Investment Associates LLC’s holdings in Regency Centers were worth $2,898,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its holdings in Regency Centers by 701.7% during the 3rd quarter. National Bank of Canada FI now owns 361,597 shares of the company’s stock valued at $26,118,000 after purchasing an additional 316,496 shares during the last quarter. Brookfield Corp ON raised its stake in shares of Regency Centers by 4.7% in the third quarter. Brookfield Corp ON now owns 354,816 shares of the company’s stock worth $25,628,000 after acquiring an additional 15,793 shares during the last quarter. Wahed Invest LLC raised its stake in shares of Regency Centers by 11.0% in the third quarter. Wahed Invest LLC now owns 4,461 shares of the company’s stock worth $322,000 after acquiring an additional 441 shares during the last quarter. State Street Corp raised its stake in shares of Regency Centers by 1.1% in the third quarter. State Street Corp now owns 11,768,052 shares of the company’s stock worth $857,892,000 after acquiring an additional 131,300 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Regency Centers by 25.0% in the third quarter. Quantinno Capital Management LP now owns 16,760 shares of the company’s stock worth $1,211,000 after acquiring an additional 3,352 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on REG. 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 research note on Wednesday, November 27th. Wells Fargo & Company boosted their target price on shares of Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Compass Point lifted their price target on shares of Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. KeyCorp began coverage on shares of Regency Centers in a research report on Friday, October 25th. They set an “overweight” rating and a $80.00 price target for the company. Finally, Scotiabank lifted their price target on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Regency Centers has an average rating of “Buy” and an average price target of $77.08.

Regency Centers Stock Down 0.2 %

Shares of NASDAQ REG opened at $74.13 on Monday. The stock has a market cap of $13.45 billion, a P/E ratio of 34.80, a P/E/G ratio of 4.08 and a beta of 1.22. The firm has a 50 day moving average price of $72.83 and a 200 day moving average price of $68.81. 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 52-week low of $56.51 and a 52-week high of $76.53.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). The firm had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same quarter in the prior year, the firm posted $1.02 EPS. Analysts expect 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. Stockholders of record on Monday, December 16th will be issued a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s dividend payout ratio is 125.82%.

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.