Xact Kapitalforvaltning AB cut its position in shares of Regency Centers Corp (NYSE:REG) by 20.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,038 shares of the real estate investment trust’s stock after selling 15,517 shares during the period. Xact Kapitalforvaltning AB’s holdings in Regency Centers were worth $3,541,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. increased its stake in shares of Regency Centers by 11.7% during 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 last quarter. Deutsche Bank AG increased its stake in shares of Regency Centers by 41.1% during 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 last quarter. Ontario Teachers Pension Plan Board grew its stake in 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 valued at $4,096,000 after buying an additional 24,648 shares during the last quarter. Teachers Advisors LLC grew its stake in Regency Centers by 1.0% in the 4th quarter. Teachers Advisors LLC now owns 863,375 shares of the real estate investment trust’s stock valued at $59,728,000 after buying an additional 8,892 shares during the last quarter. Finally, Dynamic Capital Management Ltd grew its stake in Regency Centers by 158.2% in the 4th quarter. Dynamic Capital Management Ltd now owns 19,787 shares of the real estate investment trust’s stock valued at $1,369,000 after buying an additional 12,125 shares during the last quarter. Institutional investors own 91.72% of the company’s stock.
In other Regency Centers news, insider H Craig Ramey sold 1,200 shares of the stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $58.80, for a total transaction of $70,560.00. Following the transaction, the insider now owns 17,137 shares in the company, valued at approximately $1,007,655.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.
A number of research analysts recently commented on REG shares. Jefferies Financial Group set a $64.00 price target on shares of Regency Centers and gave the company a “hold” rating in a research note on Tuesday, February 27th. Wells Fargo & Co reiterated an “outperform” rating and issued a $65.00 price target (down previously from $76.00) on shares of Regency Centers in a research note on Friday, March 2nd. SunTrust Banks set a $67.00 price target on shares of Regency Centers and gave the company a “buy” rating in a research note on Friday, March 2nd. 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 research note on Monday, March 19th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $68.00 price target on shares of Regency Centers in a research note on Wednesday, March 21st. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $68.32.
Shares of Regency Centers opened at $62.68 on Friday, MarketBeat.com reports. Regency Centers Corp has a 12-month low of $54.87 and a 12-month high of $70.64. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 2.29 and a beta of 0.48. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58.
Regency Centers (NYSE:REG) last announced its earnings results on Monday, April 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.63). Regency Centers had a return on equity of 3.83% and a net margin of 23.85%. The business had revenue of $269.54 million for the quarter, compared to analyst estimates of $263.14 million. During the same quarter in the previous year, the company earned $0.90 EPS. equities analysts expect that Regency Centers Corp will post 3.79 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 30th. Shareholders of record on Wednesday, May 16th were given a dividend of $0.555 per share. The ex-dividend date was Tuesday, May 15th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.54%. Regency Centers’s payout ratio is presently 60.16%.
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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