SG Americas Securities LLC grew its holdings in Regency Centers Corp (NYSE:REG) by 837.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 267,020 shares of the real estate investment trust’s stock after buying an additional 238,540 shares during the period. SG Americas Securities LLC owned 0.16% of Regency Centers worth $18,021,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Utah Retirement Systems raised its holdings in Regency Centers by 0.6% during the fourth quarter. Utah Retirement Systems now owns 33,162 shares of the real estate investment trust’s stock worth $1,946,000 after purchasing an additional 200 shares in the last quarter. Conning Inc. grew its position in Regency Centers by 5.5% during the fourth quarter. Conning Inc. now owns 4,001 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 210 shares during the period. Advisor Partners LLC grew its position in Regency Centers by 4.6% during the first quarter. Advisor Partners LLC now owns 4,975 shares of the real estate investment trust’s stock worth $336,000 after buying an additional 218 shares during the period. Advisor Group Inc. grew its position in Regency Centers by 4.6% during the fourth quarter. Advisor Group Inc. now owns 4,997 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 219 shares during the period. Finally, BOKF NA grew its position in Regency Centers by 3.8% during the fourth quarter. BOKF NA now owns 7,730 shares of the real estate investment trust’s stock worth $453,000 after buying an additional 286 shares during the period. 93.87% of the stock is owned by institutional investors and hedge funds.
REG has been the topic of several recent analyst reports. Citigroup set a $75.00 target price on shares of Regency Centers and gave the stock a “buy” rating in a research report on Friday, February 22nd. SunTrust Banks reiterated a “buy” rating and issued a $70.00 price target on shares of Regency Centers in a research report on Friday, February 22nd. Barclays upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $63.00 to $69.00 in a research report on Monday, February 4th. BMO Capital Markets set a $64.00 price target on shares of Regency Centers and gave the company a “hold” rating in a research report on Thursday, February 14th. Finally, Zacks Investment Research upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Regency Centers has a consensus rating of “Buy” and an average price target of $69.33.
NYSE:REG traded down $0.10 during trading hours on Wednesday, reaching $66.39. 1,224,300 shares of the company were exchanged, compared to its average volume of 827,113. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. The company has a market cap of $11.14 billion, a P/E ratio of 17.99, a P/E/G ratio of 2.50 and a beta of 0.37. Regency Centers Corp has a 52-week low of $55.50 and a 52-week high of $69.01.
Regency Centers (NYSE:REG) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The company had revenue of $286.26 million for the quarter, compared to analysts’ expectations of $274.40 million. During the same period in the prior year, the business earned $0.96 EPS. Research analysts forecast that Regency Centers Corp will post 3.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th will be paid a $0.585 dividend. This represents a $2.34 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Friday, May 10th. This is an increase from Regency Centers’s previous quarterly dividend of $0.38. Regency Centers’s dividend payout ratio (DPR) is currently 63.41%.
In related news, insider Nicholas Andrew Wibbenmeyer sold 2,621 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $64.27, for a total transaction of $168,451.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider H Craig Ramey sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $66.90, for a total transaction of $66,900.00. Following the sale, the insider now directly owns 16,976 shares of the company’s stock, valued at $1,135,694.40. The disclosure for this sale can be found here. In the last three months, insiders sold 102,941 shares of company stock worth $6,700,525. Insiders own 1.10% of the company’s stock.
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Regency Centers Company 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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