TD Asset Management Inc. reduced its holdings in Regency Centers Corporation (NYSE:REG) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,899 shares of the real estate investment trust’s stock after selling 2,597 shares during the quarter. TD Asset Management Inc.’s holdings in Regency Centers were worth $3,716,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. IHT Wealth Management LLC acquired a new stake in shares of Regency Centers in the 2nd quarter valued at approximately $124,000. Perigon Wealth Management LLC lifted its holdings in shares of Regency Centers by 93.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 1,025 shares during the period. Global X Management Co. LLC acquired a new stake in shares of Regency Centers in the 2nd quarter valued at approximately $179,000. Advisor Group Inc. lifted its holdings in shares of Regency Centers by 15.6% in the 2nd quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 404 shares during the period. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Regency Centers by 342.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock valued at $194,000 after buying an additional 2,400 shares during the period. 92.49% of the stock is owned by institutional investors and hedge funds.
REG has been the subject of several research analyst reports. Argus dropped their price objective on Regency Centers from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, August 31st. Robert W. Baird reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Regency Centers in a research note on Thursday, August 24th. Zacks Investment Research raised Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Thursday, September 14th. SunTrust Banks reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Regency Centers in a research note on Friday, December 1st. Finally, Jefferies Group downgraded Regency Centers from a “buy” rating to a “hold” rating and dropped their price objective for the company from $74.00 to $67.00 in a research note on Friday, September 15th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Regency Centers currently has a consensus rating of “Hold” and an average price target of $70.59.
Regency Centers Corporation (REG) traded up $0.11 during trading on Friday, reaching $67.45. The company’s stock had a trading volume of 1,074,100 shares, compared to its average volume of 1,155,687. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $11,455.24, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 2.27 and a beta of 0.58. Regency Centers Corporation has a one year low of $58.63 and a one year high of $72.05.
Regency Centers (NYSE:REG) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. The company had revenue of $262.14 million during the quarter, compared to the consensus estimate of $254.04 million. Regency Centers had a return on equity of 2.82% and a net margin of 17.59%. During the same quarter last year, the business posted $0.81 earnings per share. research analysts anticipate that Regency Centers Corporation will post 3.68 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Tuesday, November 14th. Regency Centers’s payout ratio is 235.56%.
In other Regency Centers news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $64.30, for a total transaction of $67,885,239.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 12.66% of the company’s stock.
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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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