Nisa Investment Advisors LLC trimmed its holdings in shares of Regency Centers Corp (NYSE:REG) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,155 shares of the real estate investment trust’s stock after selling 2,633 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Regency Centers were worth $1,809,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in REG. FMR LLC raised its stake in shares of Regency Centers by 3,011.1% during the 2nd quarter. FMR LLC now owns 1,541,911 shares of the real estate investment trust’s stock worth $96,585,000 after buying an additional 1,492,349 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Regency Centers by 31.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,631,095 shares of the real estate investment trust’s stock worth $102,172,000 after buying an additional 393,523 shares during the period. Cbre Clarion Securities LLC raised its stake in shares of Regency Centers by 9.0% during the 2nd quarter. Cbre Clarion Securities LLC now owns 4,059,624 shares of the real estate investment trust’s stock worth $254,295,000 after buying an additional 334,961 shares during the period. Wells Fargo & Company MN raised its stake in shares of Regency Centers by 17.6% during the 3rd quarter. Wells Fargo & Company MN now owns 1,652,584 shares of the real estate investment trust’s stock worth $102,526,000 after buying an additional 247,308 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Regency Centers by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 5,156,883 shares of the real estate investment trust’s stock valued at $319,928,000 after purchasing an additional 193,020 shares during the last quarter. 92.24% of the stock is owned by institutional investors and hedge funds.
In other Regency Centers news, CAO J Christian Leavitt sold 2,000 shares of Regency Centers stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 14,314 shares in the company, valued at approximately $967,769.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Chaim Katzman sold 52,771 shares of Regency Centers stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $64.14, for a total value of $3,384,731.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 598,762 shares of company stock worth $38,701,922. 12.66% of the stock is currently owned by corporate insiders.
Several research analysts recently commented on the company. Boenning Scattergood reissued a “hold” rating on shares of Regency Centers in a research note on Monday. TheStreet downgraded Regency Centers from a “b-” rating to a “c” rating in a research note on Thursday. BTIG Research raised Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Monday, January 29th. Jefferies Group set a $71.00 target price on Regency Centers and gave the stock a “hold” rating in a research note on Friday, January 12th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Regency Centers in a research note on Friday, November 3rd. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $71.29.
Regency Centers Corp (NYSE:REG) traded up $0.57 during mid-day trading on Monday, reaching $57.27. The company’s stock had a trading volume of 1,343,492 shares, compared to its average volume of 1,070,000. The company has a quick ratio of 0.63, a current ratio of 0.94 and a debt-to-equity ratio of 0.53. The firm has a market cap of $9,740.00, a price-to-earnings ratio of 65.83, a P/E/G ratio of 2.02 and a beta of 0.43. Regency Centers Corp has a 52 week low of $54.87 and a 52 week high of $72.05.
Regency Centers (NYSE:REG) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.42). Regency Centers had a return on equity of 2.71% and a net margin of 18.16%. The business had revenue of $257.95 million for the quarter, compared to analyst estimates of $257.60 million. During the same period last year, the business posted $0.86 EPS. equities analysts anticipate that Regency Centers Corp will post 3.51 earnings per share for the current fiscal year.
Regency Centers declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 8th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Friday, February 16th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.38. Regency Centers’s dividend payout ratio (DPR) is 243.68%.
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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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