DekaBank Deutsche Girozentrale cut its position in shares of Regency Centers Co. (NYSE:REG) by 15.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,252 shares of the real estate investment trust’s stock after selling 1,536 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Regency Centers were worth $534,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of REG. ZWJ Investment Counsel Inc. bought a new position in shares of Regency Centers during the fourth quarter worth about $201,000. Wetherby Asset Management Inc. bought a new position in shares of Regency Centers during the fourth quarter worth about $213,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of Regency Centers during the fourth quarter worth about $227,000. Parametrica Management Ltd bought a new position in shares of Regency Centers during the fourth quarter worth about $229,000. Finally, Conning Inc. bought a new position in shares of Regency Centers during the fourth quarter worth about $259,000. Institutional investors and hedge funds own 91.88% of the company’s stock.
In other news, Director John C. Schweitzer sold 7,136 shares of the firm’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 value of $416,456.96. Following the completion of the sale, the director now directly owns 45,847 shares of the company’s stock, valued at $2,675,630.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider H Craig Ramey sold 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $59.11, for a total value of $82,754.00. Following the completion of the sale, the insider now directly owns 18,337 shares of the company’s stock, valued at $1,083,900.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,916 shares of company stock valued at $579,912. Insiders own 1.10% of the company’s stock.
A number of research firms recently issued reports on REG. BMO Capital Markets set a $68.00 price objective on Regency Centers and gave the stock a “hold” rating in a report on Tuesday, May 1st. ValuEngine downgraded Regency Centers from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Boenning Scattergood restated a “hold” rating on shares of Regency Centers in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Regency Centers from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd. Finally, Jefferies Group set a $64.00 price target on Regency Centers and gave the company a “hold” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.32.
Regency Centers opened at $56.66 on Tuesday, MarketBeat Ratings reports. Regency Centers Co. has a twelve month low of $54.87 and a twelve month high of $70.64. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 2.08 and a beta of 0.46. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.58.
Regency Centers (NYSE:REG) last released its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.63). Regency Centers had a net margin of 23.85% and a return on equity of 3.83%. The business had revenue of $269.54 million during the quarter, compared to analyst estimates of $263.14 million. During the same period in the previous year, the business earned $0.90 earnings per share. research analysts predict that Regency Centers Co. will post 3.78 earnings per share for the current fiscal year.
Regency Centers announced that its board has initiated a share buyback plan on Thursday, February 8th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 30th. Stockholders of record on Wednesday, May 16th will be given a $0.555 dividend. The ex-dividend date is Tuesday, May 15th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.92%. Regency Centers’s payout ratio is 60.16%.
Regency Centers Profile
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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