Loeb Partners Corp Buys New Stake in Regency Centers Corp (REG)

Loeb Partners Corp bought a new stake in Regency Centers Corp (NYSE:REG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,000 shares of the real estate investment trust’s stock, valued at approximately $176,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Enlightenment Research LLC purchased a new stake in Regency Centers in the fourth quarter valued at approximately $47,000. Point72 Hong Kong Ltd purchased a new stake in Regency Centers in the third quarter valued at approximately $106,000. ETF Managers Group LLC raised its position in Regency Centers by 18.9% in the fourth quarter. ETF Managers Group LLC now owns 2,268 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 360 shares during the period. Conning Inc. raised its position in Regency Centers by 5.5% in the fourth quarter. Conning Inc. now owns 4,001 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 210 shares during the period. Finally, Mackenzie Financial Corp raised its position in Regency Centers by 22.7% in the third quarter. Mackenzie Financial Corp now owns 4,483 shares of the real estate investment trust’s stock valued at $290,000 after purchasing an additional 829 shares during the period. 93.87% of the stock is currently owned by institutional investors.

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REG has been the topic of a number of research analyst reports. Barclays raised Regency Centers from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $63.00 to $69.00 in a research report on Monday, February 4th. Royal Bank of Canada lowered Regency Centers from a “top pick” rating to an “outperform” rating and set a $62.30 price objective on the stock. in a research report on Friday, December 14th. Jefferies Financial Group reaffirmed a “hold” rating and set a $66.00 price objective on shares of Regency Centers in a research report on Monday, December 17th. SunTrust Banks reaffirmed a “buy” rating and set a $69.00 price objective on shares of Regency Centers in a research report on Monday, November 19th. Finally, BMO Capital Markets set a $64.00 price objective on Regency Centers and gave the stock a “hold” rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Regency Centers currently has a consensus rating of “Buy” and a consensus price target of $68.94.

Regency Centers stock opened at $66.32 on Friday. Regency Centers Corp has a twelve month low of $55.38 and a twelve month high of $66.86. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $11.24 billion, a PE ratio of 17.97, a P/E/G ratio of 2.50 and a beta of 0.37.

Regency Centers (NYSE:REG) last posted its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.48). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The company had revenue of $277.07 million for the quarter, compared to analysts’ expectations of $269.96 million. During the same period in the prior year, the company posted $0.92 EPS. Analysts predict that Regency Centers Corp will post 3.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Monday, February 25th will be issued a $0.585 dividend. This represents a $2.34 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Friday, February 22nd. This is a positive change from Regency Centers’s previous quarterly dividend of $0.56. Regency Centers’s dividend payout ratio is 60.16%.

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About Regency Centers

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.

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