Prudential Financial Inc. raised its holdings in Regency Centers Corporation (NYSE:REG) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 203,298 shares of the real estate investment trust’s stock after purchasing an additional 2,760 shares during the quarter. Prudential Financial Inc. owned about 0.12% of Regency Centers worth $12,613,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. IHT Wealth Management LLC acquired a new position in shares of Regency Centers during the second quarter worth about $124,000. Perigon Wealth Management LLC increased its stake in shares of Regency Centers by 93.2% during the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 1,025 shares during the period. Global X Management Co. LLC acquired a new position in shares of Regency Centers during the second quarter worth about $179,000. Advisor Group Inc. increased its stake in shares of Regency Centers by 15.6% during the second quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 404 shares during the period. Finally, Riverhead Capital Management LLC increased its stake in shares of Regency Centers by 342.9% during the second quarter. Riverhead Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock worth $194,000 after acquiring an additional 2,400 shares during the period. Institutional investors own 92.49% of the company’s stock.
Shares of Regency Centers Corporation (NYSE:REG) traded up $0.11 during midday trading on Thursday, hitting $67.45. 1,074,166 shares of the company’s stock traded hands, compared to its average volume of 1,155,687. Regency Centers Corporation has a 12 month low of $58.63 and a 12 month high of $72.05. The stock has a market capitalization of $11,531.79, a P/E ratio of 18.62, a PEG ratio of 2.29 and a beta of 0.58. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.53.
Regency Centers (NYSE:REG) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Regency Centers had a net margin of 17.59% and a return on equity of 2.82%. The company had revenue of $262.14 million for the quarter, compared to the consensus estimate of $254.04 million. During the same quarter in the prior year, the firm earned $0.81 earnings per share. equities research analysts expect that Regency Centers Corporation will post 3.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Tuesday, November 14th. Regency Centers’s dividend payout ratio (DPR) is presently 235.56%.
A number of research analysts have recently issued reports on REG shares. 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 note on Thursday, September 14th. BMO Capital Markets assumed coverage on shares of Regency Centers in a research report on Monday, September 11th. They set a “market perform” rating and a $65.00 target price on the stock. Jefferies Group lowered shares of Regency Centers from a “buy” rating to a “hold” rating and lowered their target price for the stock from $74.00 to $67.00 in a research report on Friday, September 15th. Boenning Scattergood restated a “hold” rating on shares of Regency Centers in a research report on Monday, November 6th. Finally, Argus lowered their target price on shares of Regency Centers from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, August 31st. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $70.59.
In other Regency Centers news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $64.30, for a total value of $67,885,239.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 12.66% of the stock is owned by corporate insiders.
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About Regency Centers
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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