Regency Centers Co. (NASDAQ:REG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in Regency Centers Co. (NASDAQ:REG) by 3.0% during the 3rd quarter, Holdings Channel reports. The fund owned 20,115 shares of the company’s stock after selling 625 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Regency Centers were worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Quest Partners LLC increased its stake in shares of Regency Centers by 25,250.0% during the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock valued at $32,000 after acquiring an additional 505 shares during the period. Family Firm Inc. acquired a new position in shares of Regency Centers during the 2nd quarter valued at $44,000. Blue Trust Inc. raised its stake in shares of Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after buying an additional 716 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Regency Centers by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock valued at $58,000 after buying an additional 600 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Regency Centers during the second quarter valued at about $60,000. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $74.02 on Tuesday. The company’s fifty day moving average is $72.34 and its two-hundred day moving average is $67.93. The company has a market cap of $13.43 billion, a P/E ratio of 34.75, a price-to-earnings-growth ratio of 4.09 and a beta of 1.21. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $75.26. 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 (NASDAQ:REG) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. The business had revenue of $360.27 million during the quarter, compared to analysts’ expectations of $355.17 million. During the same period in the prior year, the company posted $1.02 earnings per share. Equities analysts expect that Regency Centers Co. will post 4.28 earnings per share 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. Investors of record on Monday, December 16th will be given a dividend of $0.705 per share. The ex-dividend date is Monday, December 16th. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 dividend on an annualized basis and a yield of 3.81%. Regency Centers’s payout ratio is presently 125.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. KeyCorp began coverage on shares of Regency Centers in a research report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price target on the stock. Evercore ISI upgraded shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. raised their target price on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Robert W. Baird upped their price target on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company raised their price objective on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $76.92.

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.