World Investment Advisors LLC Invests $782,000 in Regency Centers Co. (NASDAQ:REG)

World Investment Advisors LLC acquired a new stake in Regency Centers Co. (NASDAQ:REG) in the 3rd quarter, Holdings Channel reports. The fund acquired 10,824 shares of the company’s stock, valued at approximately $782,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Glenmede Trust Co. NA raised its stake in shares of Regency Centers by 4.4% in the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock worth $244,000 after purchasing an additional 141 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Regency Centers by 3.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock worth $295,000 after buying an additional 152 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in Regency Centers by 4.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock valued at $286,000 after acquiring an additional 163 shares during the period. Azzad Asset Management Inc. ADV boosted its holdings in shares of Regency Centers by 4.3% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 4,543 shares of the company’s stock valued at $328,000 after acquiring an additional 189 shares during the last quarter. Finally, Tectonic Advisors LLC boosted its holdings in shares of Regency Centers by 3.0% in the 3rd quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock valued at $501,000 after acquiring an additional 203 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on REG shares. BTIG Research boosted their target price on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and boosted their price objective for the company from $70.00 to $75.00 in a report on Thursday, September 26th. Scotiabank raised their target price on Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Robert W. Baird lifted their price target on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Evercore ISI upgraded Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $77.08.

Regency Centers Trading Up 1.0 %

Shares of REG stock opened at $75.40 on Tuesday. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 4.16 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a 50 day simple moving average of $73.27 and a 200-day simple moving average of $69.53.

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). Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. The company had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. On average, equities research analysts expect that Regency Centers Co. will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be issued a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.74%. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date is Monday, December 16th. Regency Centers’s payout ratio is presently 125.82%.

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.