Quantitative Systematic Strategies LLC trimmed its position in shares of Regency Centers Corp (NYSE:REG) by 47.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,387 shares of the real estate investment trust’s stock after selling 6,742 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Regency Centers were worth $511,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in Regency Centers by 3.9% during 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 buying an additional 193,020 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Regency Centers by 3,080.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 7,505 shares of the real estate investment trust’s stock worth $466,000 after purchasing an additional 7,269 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Regency Centers by 7.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,586,197 shares of the real estate investment trust’s stock worth $98,408,000 after purchasing an additional 107,561 shares in the last quarter. Honeywell International Inc. increased its stake in shares of Regency Centers by 27.8% in the 3rd quarter. Honeywell International Inc. now owns 56,679 shares of the real estate investment trust’s stock worth $3,516,000 after purchasing an additional 12,312 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Regency Centers by 1.2% in the 3rd quarter. Swiss National Bank now owns 651,279 shares of the real estate investment trust’s stock worth $40,405,000 after purchasing an additional 7,700 shares in the last quarter. 92.24% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Vice Chairman Chaim Katzman sold 257,076 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $64.33, for a total transaction of $16,537,699.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the chief accounting officer now directly owns 14,314 shares of the company’s stock, valued at approximately $967,769.54. The disclosure for this sale can be found here. Insiders have sold 598,762 shares of company stock valued at $38,701,922 over the last quarter. Insiders own 12.66% of the company’s stock.
REG has been the subject of several analyst reports. Zacks Investment Research upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Tuesday, November 7th. Jefferies Group set a $69.00 target price on shares of Regency Centers and gave the stock a “hold” rating in a report on Friday, December 15th. Boenning Scattergood reissued a “hold” rating on shares of Regency Centers in a report on Monday, November 6th. BMO Capital Markets set a $68.00 price objective on shares of Regency Centers and gave the company a “hold” rating in a report on Thursday, January 11th. Finally, SunTrust Banks reissued a “buy” rating and set a $74.00 price objective on shares of Regency Centers in a report on Friday, December 1st. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Regency Centers presently has an average rating of “Buy” and a consensus target price of $71.29.
Regency Centers Corp (NYSE:REG) traded down $0.13 during midday trading on Wednesday, hitting $57.41. 390,725 shares of the stock were exchanged, compared to its average volume of 1,082,136. The company has a current ratio of 0.94, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. Regency Centers Corp has a 1 year low of $54.87 and a 1 year high of $72.05. The company has a market capitalization of $9,790.00, a P/E ratio of 66.14, a PEG ratio of 1.88 and a beta of 0.43.
Regency Centers (NYSE:REG) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.42). Regency Centers had a net margin of 18.16% and a return on equity of 2.71%. The firm had revenue of $257.95 million during the quarter, compared to analyst estimates of $257.60 million. During the same quarter last year, the business earned $0.86 earnings per share. equities research analysts expect that Regency Centers Corp will post 3.82 earnings per share for the current year.
Regency Centers declared that its board has authorized a share repurchase plan on Thursday, February 8th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.555 per share. This is an increase from Regency Centers’s previous quarterly dividend of $0.38. This represents a $2.22 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Friday, February 16th. Regency Centers’s payout ratio is presently 243.68%.
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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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