Nomura Asset Management Co. Ltd. Has $18.77 Million Position in Regency Centers Co. (NASDAQ:REG)

Nomura Asset Management Co. Ltd. boosted its position in Regency Centers Co. (NASDAQ:REG) by 2.7% during the third quarter, HoldingsChannel.com reports. The fund owned 259,886 shares of the company’s stock after buying an additional 6,778 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Regency Centers were worth $18,772,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC lifted its holdings in shares of Regency Centers by 25,250.0% in 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 last quarter. Family Firm Inc. bought a new stake in shares of Regency Centers in the second quarter worth $44,000. Blue Trust Inc. grew its position in shares of Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after buying an additional 716 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in Regency Centers by 300.0% during 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 worth approximately $60,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on REG shares. Robert W. Baird upped their price target on shares of Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Wells Fargo & Company lifted their target price on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Evercore ISI upgraded Regency Centers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Truist Financial lifted their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Raymond James increased their target price on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $77.08.

Regency Centers Trading Down 0.8 %

NASDAQ:REG opened at $74.33 on Wednesday. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.53. The company has a market cap of $13.49 billion, a PE ratio of 35.17, a PEG ratio of 4.08 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50-day moving average of $72.88 and a 200-day moving average of $68.98.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.54 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 company had revenue of $360.27 million for the quarter, compared to the consensus estimate of $355.17 million. During the same period in the prior year, the firm posted $1.02 earnings per share. As a group, equities research analysts expect that Regency Centers Co. will post 4.28 EPS for the current fiscal year.

Regency Centers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be paid a dividend of $0.705 per share. The ex-dividend date 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 3.79%. Regency Centers’s dividend payout ratio (DPR) is 132.39%.

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.