Tredje AP fonden trimmed its position in shares of Regency Centers Corporation (NYSE:REG) by 8.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,816 shares of the real estate investment trust’s stock after selling 455 shares during the quarter. Tredje AP fonden’s holdings in Regency Centers Corporation were worth $302,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of REG. Victory Capital Management Inc. purchased a new position in shares of Regency Centers Corporation during the 1st quarter valued at approximately $176,000. Global X Management Co. LLC purchased a new position in shares of Regency Centers Corporation during the 2nd quarter valued at approximately $179,000. Parametrica Management Ltd purchased a new position in shares of Regency Centers Corporation during the 2nd quarter valued at approximately $222,000. Pacer Advisors Inc. increased its holdings in shares of Regency Centers Corporation by 8.5% during the 2nd quarter. Pacer Advisors Inc. now owns 3,682 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 290 shares in the last quarter. Finally, Cleararc Capital Inc. purchased a new position in shares of Regency Centers Corporation during the 1st quarter valued at approximately $236,000. 91.52% of the stock is owned by hedge funds and other institutional investors.
In other news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $64.30, for a total value of $67,885,239.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Lou Fiala sold 7,775 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $65.74, for a total value of $511,128.50. Following the completion of the transaction, the director now owns 17,145 shares of the company’s stock, valued at approximately $1,127,112.30. The disclosure for this sale can be found here. Company insiders own 12.66% of the company’s stock.
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Several equities analysts have recently weighed in on the stock. TheStreet raised shares of Regency Centers Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Citigroup Inc. set a $70.00 price target on shares of Regency Centers Corporation and gave the stock a “hold” rating in a report on Monday, August 14th. Boenning Scattergood lowered shares of Regency Centers Corporation from a “neutral” rating to an “under perform” rating and set a $62.50 price target for the company. in a report on Tuesday. BidaskClub raised shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, BMO Capital Markets began coverage on shares of Regency Centers Corporation in a report on Monday, September 11th. They issued a “market perform” rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $71.54.
Shares of Regency Centers Corporation (NYSE REG) opened at 65.00 on Friday. Regency Centers Corporation has a 52 week low of $58.63 and a 52 week high of $79.96. The firm has a market cap of $11.03 billion, a PE ratio of 107.97 and a beta of 0.56. The firm’s 50-day moving average is $65.31 and its 200 day moving average is $64.30.
Regency Centers Corporation (NYSE:REG) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.03. Regency Centers Corporation had a return on equity of 2.20% and a net margin of 13.19%. The business had revenue of $240.42 million during the quarter, compared to analysts’ expectations of $248.50 million. During the same quarter last year, the business posted $0.81 earnings per share. Equities research analysts forecast that Regency Centers Corporation will post $0.89 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Monday, August 14th. Regency Centers Corporation’s dividend payout ratio is currently 353.34%.
Regency Centers Corporation Profile
Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.
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