Newbridge Financial Services Group Inc. Purchases New Stake in Regency Centers Co. (NASDAQ:REG)

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

Other large investors have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in shares of Regency Centers in the 4th quarter valued at $26,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in 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 acquiring an additional 600 shares during the last quarter. Quest Partners LLC raised its stake in Regency Centers by 84.8% during the third quarter. Quest Partners LLC now owns 937 shares of the company’s stock worth $68,000 after acquiring an additional 430 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Regency Centers in the 3rd quarter valued at approximately $96,000. Finally, Quarry LP boosted its position in Regency Centers by 2,811.4% in the third quarter. Quarry LP now owns 2,300 shares of the company’s stock valued at $166,000 after buying an additional 2,221 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of REG opened at $74.02 on Friday. The firm has a market cap of $13.43 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 3.77 and a beta of 1.21. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $76.53. The business’s 50 day moving average price is $72.84 and its two-hundred day moving average price is $72.16. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95.

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

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.81%. Regency Centers’s dividend payout ratio is presently 133.02%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. 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. JPMorgan Chase & Co. raised their price objective on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. BTIG Research upped their price target on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company cut their target price on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Finally, Robert W. Baird increased their price target on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Regency Centers currently has an average rating of “Moderate Buy” and an average target price of $78.08.

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.