SG Americas Securities LLC cut its position in Regency Centers Corporation (NYSE:REG) by 30.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 47,946 shares of the real estate investment trust’s stock after selling 21,391 shares during the period. SG Americas Securities LLC’s holdings in Regency Centers were worth $2,975,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in REG. Louisiana State Employees Retirement System raised its stake in Regency Centers by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the real estate investment trust’s stock valued at $570,000 after purchasing an additional 100 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in shares of Regency Centers by 0.3% in the second quarter. State of Tennessee Treasury Department now owns 40,005 shares of the real estate investment trust’s stock worth $2,506,000 after purchasing an additional 110 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of Regency Centers by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 34,078 shares of the real estate investment trust’s stock worth $2,135,000 after purchasing an additional 118 shares during the last quarter. IHT Wealth Management LLC bought a new position in Regency Centers during the 2nd quarter worth about $124,000. Finally, Candriam Luxembourg S.C.A. grew its holdings in Regency Centers by 0.8% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 23,414 shares of the real estate investment trust’s stock worth $1,467,000 after acquiring an additional 185 shares in the last quarter. Institutional investors own 92.49% of the company’s stock.
Several equities analysts recently commented on the stock. SunTrust Banks reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Regency Centers in a research report on Friday, December 1st. Zacks Investment Research cut shares of Regency Centers from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Boenning Scattergood reiterated a “hold” rating on shares of Regency Centers in a report on Monday, November 6th. Robert W. Baird reiterated a “buy” rating on shares of Regency Centers in a report on Friday, November 3rd. Finally, Jefferies Group lowered shares of Regency Centers from a “buy” rating to a “hold” rating and reduced their price objective for the company from $74.00 to $67.00 in a report on Friday, September 15th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $70.59.
Shares of Regency Centers Corporation (NYSE REG) traded up $0.11 on Thursday, reaching $67.45. The company had a trading volume of 1,074,166 shares, compared to its average volume of 1,155,687. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.63. Regency Centers Corporation has a 52-week low of $58.63 and a 52-week high of $72.05. The firm has a market capitalization of $11,531.79, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58.
Regency Centers (NYSE:REG) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.04. Regency Centers had a return on equity of 2.82% and a net margin of 17.59%. The company had revenue of $262.14 million during the quarter, compared to analysts’ expectations of $254.04 million. During the same quarter in the previous year, the business earned $0.81 earnings per share. equities research analysts predict that Regency Centers Corporation will post 3.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Tuesday, November 14th. Regency Centers’s dividend payout ratio (DPR) is presently 235.56%.
In other Regency Centers news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $64.30, for a total value of $67,885,239.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.66% of the stock is owned by corporate insiders.
Regency Centers Profile
Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.
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