B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 4,917 Regency Centers Co. (NASDAQ:REG)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Regency Centers Co. (NASDAQ:REG) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,917 shares of the company’s stock, valued at approximately $355,000.

A number of other hedge funds have also made changes to their positions in REG. Assenagon Asset Management S.A. boosted its stake in Regency Centers by 3.3% in the second quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock worth $295,000 after purchasing an additional 152 shares in the last quarter. Azzad Asset Management Inc. ADV increased its position in 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 in the last quarter. Tectonic Advisors LLC raised its stake in shares of Regency Centers by 3.0% in the third quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock worth $501,000 after acquiring an additional 203 shares during the last quarter. Greenleaf Trust lifted its position in shares of Regency Centers by 5.5% during the third quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock worth $330,000 after purchasing an additional 238 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its stake in shares of Regency Centers by 7.6% during the second quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock valued at $238,000 after purchasing an additional 269 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on REG shares. JPMorgan Chase & Co. upped their price objective on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and raised their price target for the company from $70.00 to $75.00 in a report on Thursday, September 26th. Truist Financial boosted their price objective on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Raymond James raised their target price on shares of Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Evercore ISI raised shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $76.92.

Regency Centers Stock Down 0.3 %

NASDAQ:REG opened at $74.24 on Monday. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $75.26. The stock has a 50-day moving average price of $72.36 and a two-hundred day moving average price of $67.82. The stock has a market cap of $13.47 billion, a price-to-earnings ratio of 34.85, a PEG ratio of 4.10 and a beta of 1.21. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG) last posted its earnings results 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). Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. The business had revenue of $360.27 million for the quarter, compared to the consensus estimate of $355.17 million. During the same period in the previous year, the company posted $1.02 earnings per share. As a group, equities analysts expect that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be paid a $0.705 dividend. The ex-dividend date of this dividend 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 yield of 3.80%. Regency Centers’s dividend payout ratio is presently 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.