Bank of Montreal Can decreased its holdings in shares of Regency Centers Corp (NYSE:REG) by 12.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,664 shares of the real estate investment trust’s stock after selling 10,859 shares during the period. Bank of Montreal Can’s holdings in Regency Centers were worth $5,309,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Regency Centers during the fourth quarter worth about $88,314,000. Vanguard Group Inc grew its position in shares of Regency Centers by 2.7% during the third quarter. Vanguard Group Inc now owns 24,822,313 shares of the real estate investment trust’s stock worth $1,605,260,000 after acquiring an additional 653,071 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Regency Centers by 337.3% during the fourth quarter. Prudential Financial Inc. now owns 734,879 shares of the real estate investment trust’s stock worth $43,122,000 after acquiring an additional 566,811 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Regency Centers by 116.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 935,419 shares of the real estate investment trust’s stock worth $54,890,000 after acquiring an additional 503,181 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in shares of Regency Centers by 65.0% during the fourth quarter. Nuveen Asset Management LLC now owns 1,228,276 shares of the real estate investment trust’s stock worth $72,075,000 after acquiring an additional 484,037 shares during the last quarter. Hedge funds and other institutional investors own 93.87% of the company’s stock.
In related news, VP James D. Thompson sold 14,000 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $66.26, for a total value of $927,640.00. Following the completion of the transaction, the vice president now owns 63,249 shares in the company, valued at approximately $4,190,878.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicholas Andrew Wibbenmeyer sold 2,621 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $64.27, for a total transaction of $168,451.67. The disclosure for this sale can be found here. Insiders sold a total of 101,941 shares of company stock valued at $6,633,625 in the last quarter. 1.10% of the stock is currently owned by insiders.
Shares of REG opened at $65.54 on Friday. The stock has a market capitalization of $10.98 billion, a P/E ratio of 17.76, a P/E/G ratio of 2.50 and a beta of 0.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87. Regency Centers Corp has a 52-week low of $55.38 and a 52-week high of $69.01.
Regency Centers (NYSE:REG) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). The company had revenue of $286.26 million during the quarter, compared to the consensus estimate of $274.40 million. Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. During the same quarter in the prior year, the company earned $0.96 EPS. Equities research analysts expect that Regency Centers Corp will post 3.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Monday, May 13th will be given a $0.585 dividend. This represents a $2.34 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.38. Regency Centers’s dividend payout ratio is currently 63.41%.
Several equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Regency Centers from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Barclays upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $63.00 to $69.00 in a research report on Monday, February 4th. SunTrust Banks restated a “buy” rating and set a $70.00 price target on shares of Regency Centers in a research report on Friday, February 22nd. Citigroup set a $75.00 price target on shares of Regency Centers and gave the stock a “buy” rating in a research report on Friday, February 22nd. Finally, BMO Capital Markets set a $64.00 price target on shares of Regency Centers and gave the stock a “hold” rating in a research report on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, four have assigned 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 $69.23.
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Regency Centers Company 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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