Baldwin Wealth Partners LLC MA Has $12.37 Million Holdings in Regency Centers Co. (NASDAQ:REG)

Baldwin Wealth Partners LLC MA increased its stake in shares of Regency Centers Co. (NASDAQ:REG) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,288 shares of the company’s stock after purchasing an additional 11,470 shares during the quarter. Baldwin Wealth Partners LLC MA owned about 0.09% of Regency Centers worth $12,368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Regency Centers by 300.0% in the 3rd 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. Quest Partners LLC grew its position in Regency Centers by 84.8% in the third quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after purchasing an additional 430 shares in the last quarter. Brooklyn Investment Group bought a new stake in Regency Centers during the third quarter worth about $96,000. Quarry LP grew its stake in shares of 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. Finally, GAMMA Investing LLC increased its stake in shares of Regency Centers by 33.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock worth $201,000 after purchasing an additional 691 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Performance

Shares of REG stock opened at $73.77 on Monday. The stock has a market capitalization of $13.39 billion, a PE ratio of 34.62, a PEG ratio of 3.68 and a beta of 1.22. The business’s 50 day simple moving average is $73.30 and its 200 day simple moving average is $71.71. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.53.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.50). The firm had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same quarter last year, the company earned $1.02 earnings per share. As a group, research analysts forecast that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 16th were issued a dividend of $0.705 per share. 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 3.82%. The ex-dividend date was Monday, December 16th. Regency Centers’s dividend payout ratio (DPR) is presently 132.39%.

Wall Street Analysts Forecast Growth

REG has been the subject of several research reports. BTIG Research raised their price target on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Evercore ISI dropped their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Robert W. Baird lifted their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Mizuho boosted their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Finally, KeyCorp started coverage on Regency Centers in a report on Friday, October 25th. They set an “overweight” rating and a $80.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.00.

About Regency Centers

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.