BDF Gestion Has $1.83 Million Position in Regency Centers Co. (NASDAQ:REG)

BDF Gestion lessened its position in Regency Centers Co. (NASDAQ:REG) by 11.5% during the 4th quarter, Holdings Channel reports. The firm owned 24,780 shares of the company’s stock after selling 3,220 shares during the quarter. BDF Gestion’s holdings in Regency Centers were worth $1,832,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Regency Centers by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock valued at $58,000 after buying an additional 600 shares in the last quarter. Quest Partners LLC boosted its position in Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after buying an additional 430 shares during the last quarter. Brooklyn Investment Group bought a new position in Regency Centers in the third quarter valued at about $96,000. Quarry LP grew its position in shares of Regency Centers by 2,811.4% during the 3rd quarter. Quarry LP now owns 2,300 shares of the company’s stock worth $166,000 after buying an additional 2,221 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Regency Centers by 33.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock worth $201,000 after acquiring an additional 691 shares during the period. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on REG shares. Wells Fargo & Company lowered their price target on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday. Robert W. Baird boosted their price target on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Mizuho increased their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. BTIG Research raised their price target on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. boosted their price target on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.08.

Regency Centers Stock Up 0.9 %

Regency Centers stock opened at $71.96 on Friday. 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 market cap of $13.06 billion, a PE ratio of 33.78, a price-to-earnings-growth ratio of 3.69 and a beta of 1.22. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $76.53. The firm’s 50-day simple moving average is $73.14 and its 200 day simple moving average is $71.84.

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 firm had revenue of $360.27 million during the quarter, compared to analysts’ expectations of $355.17 million. During the same quarter in the previous year, the company posted $1.02 EPS. Research analysts predict that Regency Centers Co. will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 16th were paid a $0.705 dividend. The ex-dividend date was Monday, December 16th. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a yield of 3.92%. Regency Centers’s dividend payout ratio is currently 132.39%.

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.