Virginia Retirement Systems ET AL increased its holdings in shares of Regency Centers Corporation (NYSE:REG) by 27.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 573,600 shares of the real estate investment trust’s stock after acquiring an additional 121,800 shares during the quarter. Virginia Retirement Systems ET AL owned about 0.34% of Regency Centers worth $35,586,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Regency Centers by 15.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,274,814 shares of the real estate investment trust’s stock valued at $267,775,000 after purchasing an additional 560,110 shares during the period. Citigroup Inc. boosted its stake in Regency Centers by 32.4% in the 2nd quarter. Citigroup Inc. now owns 248,150 shares of the real estate investment trust’s stock valued at $15,544,000 after purchasing an additional 60,733 shares during the period. Aviva PLC boosted its stake in Regency Centers by 4.8% in the 2nd quarter. Aviva PLC now owns 92,877 shares of the real estate investment trust’s stock valued at $5,820,000 after purchasing an additional 4,250 shares during the period. Principal Financial Group Inc. boosted its stake in Regency Centers by 0.5% in the 2nd quarter. Principal Financial Group Inc. now owns 4,963,863 shares of the real estate investment trust’s stock valued at $310,932,000 after purchasing an additional 23,282 shares during the period. Finally, Timbercreek Asset Management Ltd. boosted its stake in Regency Centers by 152.6% in the 2nd quarter. Timbercreek Asset Management Ltd. now owns 232,968 shares of the real estate investment trust’s stock valued at $14,593,000 after purchasing an additional 140,728 shares during the period. 92.24% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently issued reports on the company. Robert W. Baird restated a “buy” rating and issued a $72.00 price target on shares of Regency Centers in a research note on Thursday, August 24th. Zacks Investment Research downgraded Regency Centers from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Argus cut their target price on Regency Centers from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, August 31st. TheStreet upgraded Regency Centers from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC downgraded Regency Centers from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $74.00 to $67.00 in a research report on Friday, September 15th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Regency Centers presently has an average rating of “Buy” and an average target price of $70.86.
Shares of Regency Centers Corporation (NYSE REG) traded up $0.14 on Monday, reaching $67.81. The company’s stock had a trading volume of 271,900 shares, compared to its average volume of 1,166,915. Regency Centers Corporation has a fifty-two week low of $58.63 and a fifty-two week high of $72.05. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. The firm has a market cap of $11,535.16, a PE ratio of 18.63, a PEG ratio of 2.26 and a beta of 0.55.
Regency Centers (NYSE:REG) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. The company had revenue of $262.14 million during the quarter, compared to analysts’ expectations of $254.04 million. Regency Centers had a return on equity of 2.82% and a net margin of 17.59%. During the same quarter in the prior year, the firm posted $0.81 earnings per share. equities analysts forecast that Regency Centers Corporation will post 3.68 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be paid a $0.53 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.12 annualized dividend and a dividend yield of 3.13%. Regency Centers’s payout ratio is 235.56%.
In other news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $64.30, for a total value of $67,885,239.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 12.66% of the company’s stock.
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About Regency Centers
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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