RVB Capital Management LLC lifted its position in shares of Regency Centers Corp (NYSE:REG) by 82.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,000 shares of the real estate investment trust’s stock after acquiring an additional 66,000 shares during the quarter. Regency Centers accounts for about 4.4% of RVB Capital Management LLC’s holdings, making the stock its 4th biggest position. RVB Capital Management LLC owned about 0.09% of Regency Centers worth $9,064,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Regency Centers by 18.9% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 5,313 shares of the real estate investment trust’s stock worth $330,000 after acquiring an additional 843 shares in the last quarter. Amica Retiree Medical Trust lifted its stake in Regency Centers by 12.2% in the 2nd quarter. Amica Retiree Medical Trust now owns 8,272 shares of the real estate investment trust’s stock valued at $514,000 after buying an additional 897 shares in the last quarter. Teachers Insurance & Annuity Association of America lifted its stake in Regency Centers by 0.5% in the 2nd 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 buying an additional 945 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Regency Centers by 2.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 58,591 shares of the real estate investment trust’s stock valued at $3,456,000 after buying an additional 1,243 shares in the last quarter. Finally, RBO & Co. LLC lifted its stake in Regency Centers by 0.7% in the 2nd quarter. RBO & Co. LLC now owns 172,719 shares of the real estate investment trust’s stock valued at $10,722,000 after buying an additional 1,278 shares in the last quarter. 93.76% of the stock is currently owned by institutional investors and hedge funds.
REG stock opened at $65.10 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $11.19 billion, a P/E ratio of 17.64, a P/E/G ratio of 2.48 and a beta of 0.40. Regency Centers Corp has a 1 year low of $54.87 and a 1 year high of $70.64.
Regency Centers (NYSE:REG) last issued its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.06). The business had revenue of $274.53 million during the quarter, compared to analyst estimates of $269.18 million. Regency Centers had a net margin of 22.90% and a return on equity of 3.83%. During the same quarter last year, the firm posted $0.93 earnings per share. analysts expect that Regency Centers Corp will post 3.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 29th. Shareholders of record on Wednesday, August 15th were issued a $0.555 dividend. The ex-dividend date was Tuesday, August 14th. This represents a $2.22 annualized dividend and a yield of 3.41%. Regency Centers’s dividend payout ratio (DPR) is presently 60.16%.
A number of equities research analysts recently issued reports on the company. ValuEngine raised Regency Centers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Deutsche Bank raised Regency Centers from a “hold” rating to a “buy” rating and upped their target price for the company from $70.00 to $72.00 in a research note on Tuesday, August 28th. Citigroup upped their target price on Regency Centers from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, August 17th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $67.00 target price on shares of Regency Centers in a research note on Wednesday, August 15th. Finally, Wells Fargo & Co upped their target price on Regency Centers from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, August 10th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Regency Centers has an average rating of “Hold” and a consensus price target of $67.46.
In other Regency Centers news, insider H Craig Ramey sold 1,365 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $63.27, for a total value of $86,363.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alan Todd Roth sold 2,300 shares of the business’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $65.15, for a total value of $149,845.00. Following the completion of the transaction, the insider now owns 8,181 shares of the company’s stock, valued at $532,992.15. The disclosure for this sale can be found here. Insiders sold a total of 6,165 shares of company stock valued at $394,584 over the last quarter. 1.10% of the stock is currently owned by insiders.
Regency Centers Profile
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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