Montag A & Associates Inc. Buys New Position in Regency Centers Co. (REG)

Montag A & Associates Inc. bought a new stake in shares of Regency Centers Co. (NYSE:REG) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,754 shares of the real estate investment trust’s stock, valued at approximately $280,000.

Other large investors have also added to or reduced their stakes in the company. UBS Asset Management Americas Inc. grew its stake in Regency Centers by 11.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 777,315 shares of the real estate investment trust’s stock valued at $53,775,000 after acquiring an additional 81,260 shares in the last quarter. Deutsche Bank AG grew its stake in Regency Centers by 41.1% during the 4th quarter. Deutsche Bank AG now owns 1,924,306 shares of the real estate investment trust’s stock valued at $133,118,000 after acquiring an additional 560,348 shares in the last quarter. Ontario Teachers Pension Plan Board grew its stake in Regency Centers by 71.3% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 59,212 shares of the real estate investment trust’s stock valued at $4,096,000 after acquiring an additional 24,648 shares in the last quarter. Wells Fargo & Company MN grew its stake in Regency Centers by 5.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,748,229 shares of the real estate investment trust’s stock valued at $120,942,000 after acquiring an additional 95,645 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in Regency Centers by 1.0% during the 4th quarter. Teachers Advisors LLC now owns 863,375 shares of the real estate investment trust’s stock valued at $59,728,000 after acquiring an additional 8,892 shares in the last quarter. 94.14% of the stock is currently owned by institutional investors.

In other news, Director John C. Schweitzer sold 7,136 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.36, for a total transaction of $416,456.96. Following the completion of the transaction, the director now directly owns 45,847 shares in the company, valued at $2,675,630.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider H Craig Ramey sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $58.80, for a total value of $70,560.00. Following the transaction, the insider now owns 17,137 shares of the company’s stock, valued at $1,007,655.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,768,993 shares of company stock valued at $101,832,604. Corporate insiders own 1.10% of the company’s stock.

Several research firms have weighed in on REG. Boenning Scattergood reaffirmed a “hold” rating on shares of Regency Centers in a research note on Tuesday, January 16th. BTIG Research upgraded Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a report on Monday, January 29th. ValuEngine lowered Regency Centers from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. SunTrust Banks set a $67.00 price target on Regency Centers and gave the company a “buy” rating in a report on Friday, March 2nd. Finally, BMO Capital Markets set a $68.00 price target on Regency Centers and gave the company a “hold” rating in a report on Tuesday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $68.32.

Shares of Regency Centers opened at $58.55 on Monday, Marketbeat reports. Regency Centers Co. has a 52-week low of $54.87 and a 52-week high of $70.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $9.92 billion, a PE ratio of 15.57, a PEG ratio of 2.21 and a beta of 0.46.

Regency Centers (NYSE:REG) last posted its earnings results on Monday, April 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.63). Regency Centers had a return on equity of 3.83% and a net margin of 23.85%. The company had revenue of $269.54 million during the quarter, compared to analyst estimates of $263.14 million. During the same quarter last year, the firm posted $0.90 earnings per share. equities analysts expect that Regency Centers Co. will post 3.78 earnings per share for the current fiscal year.

Regency Centers declared that its Board of Directors has approved a share repurchase program on Thursday, February 8th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 30th. Investors of record on Wednesday, May 16th will be issued a $0.555 dividend. The ex-dividend date of this dividend is Tuesday, May 15th. This represents a $2.22 annualized dividend and a yield of 3.79%. Regency Centers’s dividend payout ratio (DPR) is currently 60.16%.

About Regency Centers

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.

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Institutional Ownership by Quarter for Regency Centers (NYSE:REG)

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