Crossmark Global Holdings Inc. Sells 550 Shares of Regency Centers Co. (NASDAQ:REG)

Crossmark Global Holdings Inc. reduced its holdings in shares of Regency Centers Co. (NASDAQ:REG – Get Rating) by 5.2% during the third quarter, HoldingsChannel reports. The firm owned 10,029 shares of the company’s stock after selling 550 shares during the period. Crossmark Global Holdings Inc.’s holdings in Regency Centers were worth $540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of REG. Vanguard Group Inc. lifted its holdings in Regency Centers by 1.6% in the first quarter. Vanguard Group Inc. now owns 26,552,444 shares of the company’s stock valued at $1,894,252,000 after acquiring an additional 425,589 shares during the period. State Street Corp lifted its holdings in Regency Centers by 2.3% in the second quarter. State Street Corp now owns 12,197,775 shares of the company’s stock valued at $730,728,000 after acquiring an additional 274,043 shares during the period. Principal Financial Group Inc. lifted its holdings in Regency Centers by 19.7% in the second quarter. Principal Financial Group Inc. now owns 7,392,275 shares of the company’s stock valued at $438,438,000 after acquiring an additional 1,217,612 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Regency Centers by 1.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,528,824 shares of the company’s stock valued at $327,915,000 after acquiring an additional 94,215 shares during the period. Finally, Northern Trust Corp lifted its holdings in Regency Centers by 1.9% in the first quarter. Northern Trust Corp now owns 2,529,039 shares of the company’s stock valued at $180,422,000 after acquiring an additional 46,407 shares during the period. 88.58% of the stock is owned by institutional investors.

Regency Centers Stock Performance

NASDAQ:REG opened at $64.35 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. Regency Centers Co. has a 12-month low of $51.97 and a 12-month high of $73.41. The stock has a 50-day moving average price of $64.34 and a 200 day moving average price of $61.20. The stock has a market capitalization of $11.01 billion, a P/E ratio of 24.28, a P/E/G ratio of 4.12 and a beta of 1.11.

Regency Centers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Friday, December 16th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, December 15th. This represents a $2.60 annualized dividend and a dividend yield of 4.04%. This is a boost from Regency Centers’s previous quarterly dividend of $0.63. Regency Centers’s dividend payout ratio (DPR) is currently 98.11%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on REG. Evercore ISI lowered their target price on Regency Centers to $67.00 in a report on Thursday, October 20th. Robert W. Baird upgraded Regency Centers from a “neutral” rating to an “outperform” rating and set a $71.00 price target for the company in a research report on Thursday, January 5th. JPMorgan Chase & Co. upgraded Regency Centers from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $70.00 to $72.00 in a research report on Friday, December 16th. Credit Suisse Group upped their price target on Regency Centers to $63.00 in a research report on Friday, November 4th. Finally, Barclays upped their price target on Regency Centers from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 6th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.27.

Regency Centers Profile

(Get Rating)

Regency Centers Corp. operates as a real estate investment trust, which engages in the ownership, operation, and development of retail shopping centers. Its portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to its neighborhoods, communities, and customers.