Regency Centers Co. (NASDAQ:REG) may have seen a slight position decrease by Natixis Advisors L.P., however, the company’s earnings and projected EPS for the year have analysts abuzz. The company reported $0.98 EPS for Q4 of 2016, which meets the consensus of many analysts on Wall Street.
Some investors are looking for more information about an increase in ratings to “overweight” and “outperform.” Analysts at Barclays raised shares of Regency Centers from an “equal weight” rating to “overweight,” while Robert W. Baird upgraded shares from a “neutral” rating to an “outperform” rating while putting a target price on the stock at $71.
Data obtained through financial analysis firm Bloomberg shows that Regency Centers currently has a consensus target price of $68.36 combined with an average rating of ‘Moderate Buy.’ Four research analysts have given the stock a hold rating, while six others believe it is definitely worth buying.
According to MarketWatch, one thing most experts agree upon is its dividend yield as its dividends are roaring from strength to strength: they’re up 10% over last year, and with an annualized increase in FFO per share guidance issued this month, there’s quite some room left for growth. With all things considered, REG is not only attracting notable attention from global investors but also making new moves in the market – keeping themselves at top considerations when it comes to investors looking for something to put their money into this season.
Investor Activity in Regency Centers: Who’s Buying and Selling?
Regency Centers: Who’s Buying and Selling?
Regency Centers Co. has attracted several significant players in the investment field, judging by its latest financial reports. Based on 4th quarter figures, some of the investors who recently bought or sold shares in Regency Centers include Telos Capital Management Inc., State of Michigan Retirement System, Inspire Investing LLC, Strs Ohio, and Dupont Capital Management Corp.
Telos Capital Management Inc. grew its stake in Regency Centers by 8.9% during the period and now owns 5,215 shares of the company’s stock worth $326,000 after acquiring an additional 427 shares.
State of Michigan Retirement System marginally increased its wager in Regency Centers by buying an extra 200 shares which now totals 41,902 shares valued at $2,619,000.
Inspire Investing LLC announced a new stake it has acquired with Regency Centers at a value of approximately $233k.
Strs Ohio seized upon the opportunity to grow its stake in Regency Centers by purchasing an additional 27,330 shares which brings it to own for themselves a total of 195,443 REG stocks valued at $12,215m.
Lastly, Dupont Capital Management Corp saw an increase of their number of stocks by some 21.3% totaling up to owning a staggering 13.6k units that are valued at $852k following its purchase of another 2,393 shares during the last quarter.
Hedge funds along with institutional investors are possessing roughly approximately around eighty-eight point five eight percent (88.58%) ownership with regards to REG stock.
As for how much Regency Center stocks sell for; as per the report published on Tuesday May fourth (04), it opened at $60.50 after closing at $61.41 on Monday May third (03).
The market capitalisation for this stock was calculated to be around ten point three six ($10.36) billion, with estimates suggesting that the price-to-earnings ratio of Regency stocks is at 21.45, with a price-to-earnings growth ratio standing at 3.74 and a beta value of 1.15.
The company’s books show a quick ratio of 0.81, which amounts to high liquidity for performing dynamic cash moves as needed, along with a current ratio which stands at par value: also reflecting its healthy liquidity dictating potential financial health.
It currently holds debt that equates to 60% its equity ratio amount.
On the on-year front Regency centers observed that its shares went from lows in the range of $51.97 to highs of over $73.41 per share motivating businesses to take profitability views out during this period.
As recorded in other reports by finance news site TheStreet.com one must keep an eye on company dividends as well; Reg Centers recently announced a dividend payment which was made on Wednesday April fifth (05) either in accordance, or exceeding its payout ratio.
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