Highbridge Capital Management LLC cut its holdings in Regency Centers Corporation (NYSE:REG) by 8.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,500 shares of the real estate investment trust’s stock after selling 5,500 shares during the period. Highbridge Capital Management LLC’s holdings in Regency Centers were worth $3,629,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. State of Tennessee Treasury Department grew its holdings in Regency Centers by 0.3% during the second quarter. State of Tennessee Treasury Department now owns 40,005 shares of the real estate investment trust’s stock valued at $2,506,000 after purchasing an additional 110 shares during the period. IHT Wealth Management LLC bought a new position in Regency Centers during the second quarter valued at $124,000. Phocas Financial Corp. grew its holdings in Regency Centers by 3.5% during the second quarter. Phocas Financial Corp. now owns 7,558 shares of the real estate investment trust’s stock valued at $473,000 after purchasing an additional 254 shares during the period. Westwood Holdings Group Inc. grew its holdings in Regency Centers by 1.5% during the second quarter. Westwood Holdings Group Inc. now owns 19,115 shares of the real estate investment trust’s stock valued at $1,197,000 after purchasing an additional 284 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Regency Centers by 8.5% during the second quarter. Pacer Advisors Inc. now owns 3,682 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 290 shares during the period. 92.49% of the stock is owned by institutional investors.
In other news, CAO J Christian Leavitt sold 2,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $67.61, for a total value of $135,220.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,314 shares of the company’s stock, valued at $967,769.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James D. Thompson sold 14,983 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $68.45, for a total value of $1,025,586.35. Following the completion of the transaction, the vice president now directly owns 48,976 shares of the company’s stock, valued at $3,352,407.20. The disclosure for this sale can be found here. Insiders sold 21,483 shares of company stock valued at $1,169,356 over the last ninety days. Corporate insiders own 12.66% of the company’s stock.
Regency Centers Corporation (NYSE REG) traded up $0.17 during trading on Thursday, hitting $68.76. The stock had a trading volume of 937,100 shares, compared to its average volume of 1,149,006. Regency Centers Corporation has a 52-week low of $58.63 and a 52-week high of $72.05. 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 company has a market capitalization of $11,667.88, a price-to-earnings ratio of 18.84, a P/E/G ratio of 2.31 and a beta of 0.58.
Regency Centers (NYSE:REG) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 EPS for the quarter, topping 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 firm had revenue of $262.14 million during the quarter, compared to analyst estimates of $254.04 million. During the same period last year, the company earned $0.81 earnings per share. research analysts forecast that Regency Centers Corporation will post 3.68 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Tuesday, November 14th. Regency Centers’s payout ratio is currently 235.56%.
Several equities analysts have weighed in on REG shares. Boenning Scattergood reissued a “hold” rating on shares of Regency Centers in a report on Monday, November 6th. 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 report on Thursday, September 21st. Royal Bank of Canada raised Regency Centers from an “outperform” rating to a “top pick” rating and increased their price objective for the company from $72.00 to $75.00 in a report on Thursday, August 17th. BMO Capital Markets started coverage on Regency Centers in a report on Monday, September 11th. They set a “market perform” rating and a $65.00 price objective for the company. Finally, Robert W. Baird reissued a “buy” rating on shares of Regency Centers in a report on Friday, November 3rd. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Regency Centers presently has a consensus rating of “Hold” and an average price target of $70.59.
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Regency Centers Company 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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