Point72 Asia Singapore Pte. Ltd. Invests $423,000 in Regency Centers Co. (NASDAQ:REG)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Regency Centers Co. (NASDAQ:REG) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 5,854 shares of the company’s stock, valued at approximately $423,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quest Partners LLC boosted its stake in Regency Centers by 25,250.0% during the 2nd quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after purchasing an additional 505 shares during the last quarter. Family Firm Inc. acquired a new position in Regency Centers during the second quarter worth about $44,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Regency Centers by 300.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock valued at $58,000 after acquiring an additional 600 shares in the last quarter. Blue Trust Inc. lifted its stake in Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after purchasing an additional 716 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Regency Centers in the 2nd quarter worth approximately $60,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. BTIG Research increased their price target on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Compass Point lifted their price target on Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price target on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Evercore ISI upgraded shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Mizuho boosted their target price on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Regency Centers presently has a consensus rating of “Buy” and an average target price of $77.08.

Regency Centers Stock Down 1.3 %

Regency Centers stock opened at $74.63 on Tuesday. The company has a market capitalization of $13.55 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 4.17 and a beta of 1.22. 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 fifty-two week low of $56.51 and a fifty-two week high of $76.53. The firm has a 50 day moving average price of $72.58 and a 200 day moving average price of $68.37.

Regency Centers (NASDAQ:REG) last issued 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 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 analyst estimates of $355.17 million. During the same period in the previous year, the firm posted $1.02 earnings per share. Research analysts expect that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be paid a $0.705 dividend. This is a positive change from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date is Monday, December 16th. This represents a $2.82 annualized dividend and a dividend yield of 3.78%. Regency Centers’s dividend payout ratio (DPR) is presently 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.