Brooklyn Investment Group Makes New $96,000 Investment in Regency Centers Co. (NASDAQ:REG)

Brooklyn Investment Group acquired a new stake in Regency Centers Co. (NASDAQ:REG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,331 shares of the company’s stock, valued at approximately $96,000.

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

Regency Centers Stock Up 1.2 %

NASDAQ REG opened at $75.91 on Thursday. The business has a fifty day moving average price of $72.42 and a 200 day moving average price of $68.09. 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 company has a market cap of $13.78 billion, a P/E ratio of 35.64, a P/E/G ratio of 4.08 and a beta of 1.21. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.14.

Regency Centers (NASDAQ:REG) last issued its earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). The business had revenue of $360.27 million during the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same quarter last year, the company earned $1.02 earnings per share. Research analysts anticipate that Regency Centers Co. will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The firm 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 represents a $2.82 dividend on an annualized basis and a yield of 3.71%. This is a positive change from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date is Monday, December 16th. Regency Centers’s dividend payout ratio (DPR) is 125.82%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. KeyCorp assumed coverage on shares of Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price objective for the company. Compass Point upped 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. Wells Fargo & Company increased their price target on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Mizuho boosted their price objective on Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Finally, Robert W. Baird increased their target price on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $77.08.

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.