Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Regency Centers Corp (NYSE:REG) by 61.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,225 shares of the real estate investment trust’s stock after selling 192,142 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.07% of Regency Centers worth $7,904,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new position in Regency Centers during the second quarter worth $107,000. Gideon Capital Advisors Inc. bought a new position in Regency Centers during the second quarter worth $202,000. HRT Financial LLC bought a new position in Regency Centers during the second quarter worth $210,000. First Hawaiian Bank bought a new position in Regency Centers during the third quarter worth $294,000. Finally, Federated Investors Inc. PA bought a new position in Regency Centers during the second quarter worth $318,000. 93.87% of the stock is owned by institutional investors and hedge funds.
REG stock opened at $65.06 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 2.50 and a beta of 0.37. Regency Centers Corp has a 1 year low of $54.87 and a 1 year high of $70.64.
Regency Centers (NYSE:REG) last posted its earnings results 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 company had revenue of $278.31 million for the quarter, compared to analysts’ expectations of $267.51 million. Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. As a group, analysts predict that Regency Centers Corp will post 3.78 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 14th were paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Tuesday, November 13th. Regency Centers’s payout ratio is 60.16%.
Several equities analysts recently issued reports on the company. Citigroup raised their price objective on Regency Centers from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, August 17th. ValuEngine upgraded Regency Centers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Barclays restated a “hold” rating and set a $63.00 price objective on shares of Regency Centers in a research note on Sunday, October 14th. BMO Capital Markets restated a “hold” rating and set a $65.00 price objective on shares of Regency Centers in a research note on Tuesday, September 25th. Finally, Deutsche Bank upgraded Regency Centers from a “hold” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $72.00 in a research note on Tuesday, August 28th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $69.30.
In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 2,095 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $65.81, for a total value of $137,871.95. Following the sale, the insider now directly owns 2,086 shares in the company, valued at $137,279.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.
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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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