Retirement Systems of Alabama lessened its holdings in shares of Regency Centers Corp (NYSE:REG) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,376 shares of the real estate investment trust’s stock after selling 4,558 shares during the period. Retirement Systems of Alabama’s holdings in Regency Centers were worth $5,099,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of Regency Centers by 1.2% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 17,805 shares of the real estate investment trust’s stock valued at $1,188,000 after buying an additional 204 shares in the last quarter. Atlas Capital Advisors LLC boosted its stake in Regency Centers by 5.5% in the 2nd quarter. Atlas Capital Advisors LLC now owns 5,444 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 285 shares in the last quarter. Buckhead Capital Management LLC boosted its stake in Regency Centers by 0.5% in the 2nd quarter. Buckhead Capital Management LLC now owns 54,624 shares of the real estate investment trust’s stock worth $3,646,000 after purchasing an additional 287 shares in the last quarter. State of Michigan Retirement System boosted its stake in Regency Centers by 0.8% in the 3rd quarter. State of Michigan Retirement System now owns 40,300 shares of the real estate investment trust’s stock worth $2,800,000 after purchasing an additional 300 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in Regency Centers by 0.5% in the 2nd quarter. Royal London Asset Management Ltd. now owns 60,432 shares of the real estate investment trust’s stock worth $4,034,000 after purchasing an additional 323 shares in the last quarter. Hedge funds and other institutional investors own 93.87% of the company’s stock.
Shares of NYSE:REG opened at $65.57 on Friday. Regency Centers Corp has a fifty-two week low of $55.50 and a fifty-two week high of $70.26. The business has a 50-day simple moving average of $68.26 and a two-hundred day simple moving average of $67.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $11.53 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37.
Regency Centers (NYSE:REG) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.62). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The business had revenue of $282.28 million during the quarter, compared to analysts’ expectations of $275.37 million. During the same period last year, the firm posted $0.41 EPS. As a group, research analysts predict that Regency Centers Corp will post 3.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, November 12th will be given a dividend of $0.585 per share. This represents a $2.34 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Friday, November 8th. Regency Centers’s dividend payout ratio is currently 63.41%.
A number of equities analysts recently issued reports on the stock. Compass Point assumed coverage on shares of Regency Centers in a research note on Thursday, August 15th. They issued a “neutral” rating and a $67.00 price target on the stock. Scotiabank cut shares of Regency Centers from an “outperform” rating to a “sector perform” rating in a research note on Monday. Barclays reiterated a “buy” rating and issued a $75.00 price target on shares of Regency Centers in a research note on Sunday, October 13th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $66.00 price target on shares of Regency Centers in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $69.48.
In related news, VP Dan M. Chandler III sold 3,500 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $65.15, for a total value of $228,025.00. Following the sale, the vice president now owns 15,457 shares in the company, valued at approximately $1,007,023.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas G. Wattles sold 2,073 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $65.47, for a total value of $135,719.31. Following the completion of the sale, the director now owns 49,085 shares in the company, valued at approximately $3,213,594.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,870 shares of company stock worth $581,412. Corporate insiders own 1.10% of the company’s stock.
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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