Asset Management One Co. Ltd. Raises Position in Regency Centers Corporation (REG)

Asset Management One Co. Ltd. increased its stake in shares of Regency Centers Corporation (NYSE:REG) by 34.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 585,753 shares of the real estate investment trust’s stock after buying an additional 148,560 shares during the period. Asset Management One Co. Ltd. owned about 0.56% of Regency Centers Corporation worth $38,923,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in REG. Bank of New York Mellon Corp increased its stake in Regency Centers Corporation by 30.3% in the first quarter. Bank of New York Mellon Corp now owns 4,022,881 shares of the real estate investment trust’s stock valued at $267,079,000 after buying an additional 934,895 shares in the last quarter. PGGM Investments increased its stake in Regency Centers Corporation by 62.0% in the first quarter. PGGM Investments now owns 2,150,000 shares of the real estate investment trust’s stock valued at $142,738,000 after buying an additional 823,000 shares in the last quarter. Renaissance Technologies LLC increased its stake in Regency Centers Corporation by 278.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,019,600 shares of the real estate investment trust’s stock valued at $70,301,000 after buying an additional 749,900 shares in the last quarter. APG Asset Management US Inc. increased its stake in Regency Centers Corporation by 15.3% in the first quarter. APG Asset Management US Inc. now owns 5,163,000 shares of the real estate investment trust’s stock valued at $342,772,000 after buying an additional 684,300 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Regency Centers Corporation by 19.9% in the first quarter. JPMorgan Chase & Co. now owns 3,714,704 shares of the real estate investment trust’s stock worth $246,618,000 after buying an additional 616,662 shares during the period. 86.96% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Regency Centers Corporation (NYSE:REG)

Shares of Regency Centers Corporation (REG) traded down 4.07% during trading on Friday, reaching $61.45. The company’s stock had a trading volume of 4,343,573 shares. The company has a 50-day moving average price of $61.86 and a 200-day moving average price of $66.38. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of 105.95 and a beta of 0.59. Regency Centers Corporation has a one year low of $58.63 and a one year high of $85.35.

Regency Centers Corporation (NYSE:REG) last issued its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.07. Regency Centers Corporation had a return on equity of 2.75% and a net margin of 13.68%. The business had revenue of $189.43 million during the quarter, compared to analysts’ expectations of $185.43 million. During the same period in the prior year, the business earned $0.86 EPS. On average, equities research analysts forecast that Regency Centers Corporation will post $1.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Monday, May 22nd were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.45%. This is a boost from Regency Centers Corporation’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Thursday, May 18th. Regency Centers Corporation’s dividend payout ratio is currently 316.42%.

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REG has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Regency Centers Corporation from a “buy” rating to a “hold” rating in a research report on Friday, February 17th. Citigroup Inc. reiterated a “neutral” rating and set a $72.00 target price on shares of Regency Centers Corporation in a research report on Thursday, March 2nd. Barclays PLC started coverage on shares of Regency Centers Corporation in a research report on Monday, March 6th. They set an “equal weight” rating and a $72.00 target price on the stock. Jefferies Group LLC restated a “hold” rating and set a $72.00 price target on shares of Regency Centers Corporation in a research note on Monday, April 24th. Finally, TheStreet lowered shares of Regency Centers Corporation from a “b” rating to a “c” rating in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Regency Centers Corporation presently has an average rating of “Hold” and an average target price of $75.70.

In related news, insider H Craig Ramey sold 750 shares of the company’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $66.44, for a total transaction of $49,830.00. Following the completion of the sale, the insider now directly owns 16,817 shares in the company, valued at approximately $1,117,321.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Schweitzer sold 4,000 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $61.13, for a total value of $244,520.00. Following the sale, the director now owns 46,694 shares of the company’s stock, valued at $2,854,404.22. The disclosure for this sale can be found here. Insiders sold a total of 5,798 shares of company stock valued at $359,504 over the last quarter. Company insiders own 12.66% of the company’s stock.

About Regency Centers Corporation

Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.

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