Fmr LLC raised its stake in Regency Centers Corp (NYSE:REG) by 5.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,369,276 shares of the real estate investment trust’s stock after acquiring an additional 172,900 shares during the quarter. Fmr LLC’s holdings in Regency Centers were worth $209,165,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new stake in Regency Centers in the second quarter valued at $107,000. Gideon Capital Advisors Inc. bought a new stake in Regency Centers in the second quarter valued at $202,000. Brown Advisory Inc. bought a new stake in Regency Centers in the first quarter valued at $206,000. WINTON GROUP Ltd bought a new stake in Regency Centers in the first quarter valued at $207,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Regency Centers in the second quarter valued at $239,000. 93.56% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Nicholas Andrew Wibbenmeyer sold 2,095 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $65.81, for a total transaction of $137,871.95. Following the transaction, the insider now directly owns 2,086 shares in the company, valued at $137,279.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider H Craig Ramey sold 1,365 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $63.27, for a total transaction of $86,363.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,260 shares of company stock worth $532,456. 1.10% of the stock is owned by corporate insiders.
A number of research analysts have recently issued reports on the stock. TheStreet upgraded shares of Regency Centers from a “c+” rating to a “b-” rating in a report on Friday, July 27th. Deutsche Bank upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and lifted their price objective for the company from $70.00 to $72.00 in a report on Tuesday, August 28th. Citigroup upgraded shares of Regency Centers from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $67.00 to $74.00 in a report on Friday, September 14th. Morgan Stanley set a $71.00 price objective on shares of Regency Centers and gave the company a “buy” rating in a report on Thursday, October 11th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $65.00 price objective on shares of Regency Centers in a report on Tuesday, September 25th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Regency Centers has a consensus rating of “Buy” and an average price target of $69.36.
Shares of NYSE REG opened at $62.81 on Friday. The stock has a market cap of $10.99 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 2.49 and a beta of 0.41. Regency Centers Corp has a 1 year low of $54.87 and a 1 year high of $70.64. The company has a quick ratio of 0.92, a current ratio of 0.87 and a debt-to-equity ratio of 0.57.
Regency Centers (NYSE:REG) last issued its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The firm had revenue of $278.31 million during the quarter, compared to analysts’ expectations of $267.51 million. Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. As a group, research analysts anticipate that Regency Centers Corp will post 3.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 28th. Investors of record on Wednesday, November 14th will be issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 3.53%. The ex-dividend date is Tuesday, November 13th. Regency Centers’s dividend payout ratio (DPR) is presently 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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