Crossmark Global Holdings Inc. Raises Stock Position in Regency Centers Co. (NASDAQ:REG)

Crossmark Global Holdings Inc. lifted its position in Regency Centers Co. (NASDAQ:REG) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,486 shares of the company’s stock after acquiring an additional 696 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Regency Centers were worth $685,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Regency Centers by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock valued at $1,749,520,000 after purchasing an additional 830,572 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Regency Centers by 10.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock worth $547,995,000 after purchasing an additional 873,062 shares in the last quarter. Principal Financial Group Inc. grew its position in Regency Centers by 4.2% during the second quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock valued at $555,009,000 after buying an additional 357,091 shares during the period. Boston Partners grew its position in shares of Regency Centers by 4.1% during the 1st quarter. Boston Partners now owns 4,192,951 shares of the company’s stock valued at $253,902,000 after acquiring an additional 166,354 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Regency Centers by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company’s stock valued at $164,327,000 after purchasing an additional 117,368 shares during the period. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

REG stock opened at $73.66 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $13.37 billion, a P/E ratio of 34.58, a PEG ratio of 4.55 and a beta of 1.21. The business has a 50 day simple moving average of $72.39 and a 200-day simple moving average of $67.18. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $75.26.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results 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). The business had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same quarter in the prior year, the company earned $1.02 EPS. As a group, equities analysts anticipate that Regency Centers Co. will post 4.28 EPS for the current year.

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be paid a $0.705 dividend. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Monday, December 16th. Regency Centers’s dividend payout ratio (DPR) is 132.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on REG shares. Deutsche Bank Aktiengesellschaft lowered Regency Centers from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $70.00 to $75.00 in a research note on Thursday, September 26th. JPMorgan Chase & Co. raised their target price on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Evercore ISI raised shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Wells Fargo & Company increased their target price on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Finally, Robert W. Baird increased their target price on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Regency Centers presently has a consensus rating of “Buy” and an average price target of $76.92.

Regency Centers Company 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.