Fox Run Management L.L.C. bought a new stake in shares of Regency Centers Corp (NYSE:REG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,716 shares of the real estate investment trust’s stock, valued at approximately $1,364,000. Regency Centers comprises about 0.4% of Fox Run Management L.L.C.’s portfolio, making the stock its 19th biggest holding.
Several other institutional investors have also recently made changes to their positions in REG. IHT Wealth Management LLC acquired a new position in shares of Regency Centers during the second quarter valued at approximately $124,000. Perigon Wealth Management LLC raised its holdings 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 valued at $133,000 after acquiring an additional 1,025 shares during the last quarter. Advisor Group Inc. raised its holdings 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 valued at $188,000 after acquiring an additional 404 shares during the last quarter. Riverhead Capital Management LLC raised its holdings 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 valued at $194,000 after acquiring an additional 2,400 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Regency Centers during the third quarter valued at approximately $219,000. 92.41% of the stock is owned by institutional investors and hedge funds.
Regency Centers Corp (NYSE:REG) traded up $0.55 during trading hours on Thursday, hitting $64.21. The company had a trading volume of 881,300 shares, compared to its average volume of 916,009. Regency Centers Corp has a 12-month low of $58.63 and a 12-month high of $72.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $10,880.00, a PE ratio of 71.34, a PEG ratio of 2.09 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, beating the 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 analysts’ expectations of $254.04 million. During the same quarter last year, the firm earned $0.81 earnings per share. sell-side analysts forecast that Regency Centers Corp will post 3.7 EPS for the current year.
A number of brokerages have commented on REG. Boenning Scattergood reissued a “hold” rating on shares of Regency Centers in a report on Tuesday. Jefferies Group set a $71.00 target price on Regency Centers and gave the company a “hold” rating in a report on Friday, January 12th. BMO Capital Markets set a $68.00 target price on Regency Centers and gave the company a “hold” rating in a report on Thursday, January 11th. SunTrust Banks reissued a “buy” rating and set a $74.00 target price on shares of Regency Centers in a report on Friday, December 1st. Finally, Zacks Investment Research cut Regency Centers from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $71.23.
In other Regency Centers 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 transaction of $135,220.00. Following the completion of the sale, the chief accounting officer now owns 14,314 shares of the company’s stock, valued at $967,769.54. The transaction was disclosed in a legal filing with the SEC, 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 sale, the vice president now directly owns 48,976 shares of the company’s stock, valued at approximately $3,352,407.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 271,315 shares of company stock valued at $17,652,035. Insiders own 12.66% of the company’s stock.
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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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