First Republic Investment Management Inc. Takes $456,000 Position in Regency Centers Corp (REG)

First Republic Investment Management Inc. acquired a new position in shares of Regency Centers Corp (NYSE:REG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,346 shares of the real estate investment trust’s stock, valued at approximately $456,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Regency Centers by 18.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 5,313 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 843 shares during the last quarter. Amica Retiree Medical Trust raised its holdings in shares of Regency Centers by 12.2% in the second quarter. Amica Retiree Medical Trust now owns 8,272 shares of the real estate investment trust’s stock valued at $514,000 after purchasing an additional 897 shares during the last quarter. Teachers Insurance & Annuity Association of America raised its holdings in shares of Regency Centers by 0.5% in the second quarter. Teachers Insurance & Annuity Association of America now owns 195,980 shares of the real estate investment trust’s stock valued at $12,166,000 after purchasing an additional 945 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Regency Centers by 2.2% in the first quarter. BNP Paribas Arbitrage SA now owns 58,591 shares of the real estate investment trust’s stock valued at $3,456,000 after purchasing an additional 1,243 shares during the last quarter. Finally, RBO & Co. LLC raised its holdings in shares of Regency Centers by 0.7% in the second quarter. RBO & Co. LLC now owns 172,719 shares of the real estate investment trust’s stock valued at $10,722,000 after purchasing an additional 1,278 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

In related news, insider Nicholas Andrew Wibbenmeyer sold 2,095 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $65.81, for a total transaction of $137,871.95. Following the completion of the sale, the insider now owns 2,086 shares in the company, valued at $137,279.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dan M. Chandler III sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $63.35, for a total transaction of $158,375.00. Following the sale, the vice president now owns 885 shares of the company’s stock, valued at approximately $56,064.75. The disclosure for this sale can be found here. Insiders have sold 8,260 shares of company stock valued at $532,456 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

NYSE REG opened at $63.95 on Tuesday. Regency Centers Corp has a 52-week low of $54.87 and a 52-week high of $70.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $11.08 billion, a P/E ratio of 17.33, a P/E/G ratio of 2.46 and a beta of 0.40.

Regency Centers (NYSE:REG) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Regency Centers had a return on equity of 3.83% and a net margin of 22.90%. The company had revenue of $274.53 million for the quarter, compared to analysts’ expectations of $269.18 million. During the same quarter last year, the business posted $0.93 EPS. equities research analysts anticipate that Regency Centers Corp will post 3.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th were issued a dividend of $0.555 per share. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $2.22 dividend on an annualized basis and a yield of 3.47%. Regency Centers’s dividend payout ratio (DPR) is presently 60.16%.

Several analysts have recently commented on REG shares. TheStreet upgraded shares of Regency Centers from a “c+” rating to a “b-” rating in a report on Friday, July 27th. Deutsche Bank upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and increased their target price for the company from $70.00 to $72.00 in a report on Tuesday, August 28th. Citigroup upgraded shares of Regency Centers from a “neutral” rating to a “buy” rating and increased their target price for the company from $67.00 to $74.00 in a report on Friday, September 14th. ValuEngine upgraded shares of Regency Centers from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $62.00 target price on shares of Regency Centers in a report on Thursday, August 2nd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $68.55.

About Regency Centers

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.

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Institutional Ownership by Quarter for Regency Centers (NYSE:REG)

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