Regency Centers Co. (NYSE:REG) Director Bryce Blair acquired 1,739 shares of the company’s stock in a transaction on Monday, March 19th. The stock was acquired at an average price of $57.50 per share, with a total value of $99,992.50. Following the purchase, the director now directly owns 10,842 shares in the company, valued at $623,415. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Bryce Blair also recently made the following trade(s):
- On Monday, March 5th, Bryce Blair bought 1,709 shares of Regency Centers stock. The stock was purchased at an average cost of $58.50 per share, for a total transaction of $99,976.50.
REG traded down $0.68 during trading on Thursday, reaching $58.19. 808,155 shares of the company’s stock were exchanged, compared to its average volume of 1,171,659. Regency Centers Co. has a one year low of $54.87 and a one year high of $70.64. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $10,073.46, a price-to-earnings ratio of 15.77, a PEG ratio of 2.21 and a beta of 0.47.
Regency Centers (NYSE:REG) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.42). The firm had revenue of $257.95 million during the quarter, compared to analyst estimates of $257.60 million. Regency Centers had a return on equity of 2.71% and a net margin of 18.16%. During the same quarter last year, the firm posted $0.86 EPS. equities research analysts predict that Regency Centers Co. will post 3.8 EPS for the current year.
Regency Centers declared that its Board of Directors has initiated a share buyback program on Thursday, February 8th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Hedge funds and other institutional investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. lifted its position in shares of Regency Centers by 11.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 777,315 shares of the real estate investment trust’s stock worth $53,775,000 after purchasing an additional 81,260 shares during the period. Deutsche Bank AG lifted its position in shares of Regency Centers by 41.1% in the 4th quarter. Deutsche Bank AG now owns 1,924,306 shares of the real estate investment trust’s stock worth $133,118,000 after purchasing an additional 560,348 shares during the period. Ontario Teachers Pension Plan Board lifted its position in shares of Regency Centers by 71.3% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 59,212 shares of the real estate investment trust’s stock worth $4,096,000 after purchasing an additional 24,648 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Regency Centers by 7.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,586,197 shares of the real estate investment trust’s stock valued at $98,408,000 after acquiring an additional 107,561 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of Regency Centers by 3,080.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 7,505 shares of the real estate investment trust’s stock valued at $466,000 after acquiring an additional 7,269 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.
Several research firms have commented on REG. Robert W. Baird reissued a “buy” rating and issued a $68.00 target price on shares of Regency Centers in a report on Wednesday, March 21st. Boenning Scattergood reissued a “hold” rating on shares of Regency Centers in a report on Monday, February 12th. Deutsche Bank decreased their price target on shares of Regency Centers from $73.00 to $72.00 and set a “hold” rating on the stock in a report on Monday, March 19th. Jefferies Group set a $71.00 price target on shares of Regency Centers and gave the company a “hold” rating in a report on Friday, January 12th. Finally, Morgan Stanley started coverage on shares of Regency Centers in a report on Tuesday, March 27th. They set an “overweight” rating and a $65.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $69.04.
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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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