6,478 Shares in Regency Centers Co. (NASDAQ:REG) Acquired by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. purchased a new stake in Regency Centers Co. (NASDAQ:REG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,478 shares of the company’s stock, valued at approximately $479,000.

A number of other large investors have also made changes to their positions in REG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Regency Centers by 1,138.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock valued at $149,932,000 after purchasing an additional 1,908,153 shares during the period. Waterfront Capital Partners LLC acquired a new stake in shares of Regency Centers in the 3rd quarter valued at about $33,628,000. JPMorgan Chase & Co. lifted its holdings in shares of Regency Centers by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock valued at $801,056,000 after purchasing an additional 435,932 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Regency Centers by 701.7% in the third quarter. National Bank of Canada FI now owns 361,597 shares of the company’s stock valued at $26,118,000 after purchasing an additional 316,496 shares in the last quarter. Finally, abrdn plc grew its holdings in shares of Regency Centers by 199.7% during the third quarter. abrdn plc now owns 375,059 shares of the company’s stock worth $27,006,000 after buying an additional 249,929 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Up 1.5 %

Shares of NASDAQ:REG opened at $74.02 on Friday. The stock has a market cap of $13.43 billion, a PE ratio of 34.92, a P/E/G ratio of 3.77 and a beta of 1.21. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $76.53. The business has a 50 day moving average of $72.84 and a 200-day moving average of $72.16.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a return on equity of 5.89% and a net margin of 27.54%. As a group, equities research analysts forecast that Regency Centers Co. will post 4.49 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

Wall Street Analyst Weigh In

Several research firms have commented on REG. JPMorgan Chase & Co. boosted their target price on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Mizuho raised their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Evercore ISI decreased their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. KeyCorp initiated coverage on shares of Regency Centers in a research note on Friday, October 25th. They issued an “overweight” rating and a $80.00 price target for the company. Finally, BTIG Research upped their target price on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and an average price target of $78.08.

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.