Groupama Asset Managment Buys 212 Shares of Regency Centers Co. (NASDAQ:REG)

Groupama Asset Managment lifted its position in Regency Centers Co. (NASDAQ:REG) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,046 shares of the company’s stock after buying an additional 212 shares during the quarter. Groupama Asset Managment’s holdings in Regency Centers were worth $1,954,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Czech National Bank increased its position in Regency Centers by 8.4% during the second quarter. Czech National Bank now owns 31,338 shares of the company’s stock worth $1,949,000 after buying an additional 2,437 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Regency Centers by 26.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,309 shares of the company’s stock worth $392,000 after acquiring an additional 1,316 shares during the last quarter. V Square Quantitative Management LLC raised its stake in Regency Centers by 7.6% in the 2nd quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock valued at $238,000 after acquiring an additional 269 shares during the period. PGGM Investments boosted its position in Regency Centers by 2,586.9% during the second quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock worth $103,912,000 after purchasing an additional 1,608,431 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Regency Centers by 3.3% in the second quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock valued at $295,000 after purchasing an additional 152 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company upped their target price on Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Scotiabank lifted their price target on Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Mizuho upped their price objective on Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Finally, KeyCorp began coverage on Regency Centers in a report on Friday, October 25th. They set an “overweight” rating and a $80.00 target price for the company. Two 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. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $77.08.

Regency Centers Stock Performance

NASDAQ:REG opened at $74.13 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $13.45 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 4.08 and a beta of 1.22. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $76.53. The stock’s 50-day simple moving average is $72.83 and its 200 day simple moving average is $68.81.

Regency Centers (NASDAQ:REG) last issued 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 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 company earned $1.02 EPS. On average, analysts anticipate that Regency Centers Co. will post 4.28 EPS for the current fiscal 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 issued a $0.705 dividend. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a yield of 3.80%. Regency Centers’s dividend payout ratio is presently 125.82%.

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.