M&T Bank Corp grew its stake in shares of Regency Centers Corp (NYSE:REG) by 8.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 12,975 shares of the real estate investment trust’s stock after buying an additional 970 shares during the period. M&T Bank Corp’s holdings in Regency Centers were worth $867,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Zions Bancorporation N.A. bought a new position in shares of Regency Centers during the 1st quarter worth about $27,000. Quadrant Capital Group LLC raised its position in Regency Centers by 398.4% in the first quarter. Quadrant Capital Group LLC now owns 623 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 498 shares in the last quarter. NEXT Financial Group Inc lifted its stake in Regency Centers by 62.5% during the second quarter. NEXT Financial Group Inc now owns 1,100 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 423 shares during the period. Whittier Trust Co. lifted its stake in Regency Centers by 14,275.0% during the second quarter. Whittier Trust Co. now owns 1,150 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 1,142 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Regency Centers by 14.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,519 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 194 shares in the last quarter. 93.87% of the stock is owned by institutional investors and hedge funds.
NYSE:REG traded up $0.10 on Wednesday, reaching $68.32. The stock had a trading volume of 19,404 shares, compared to its average volume of 854,425. The company has a market capitalization of $11.49 billion, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. Regency Centers Corp has a 1-year low of $55.50 and a 1-year high of $70.26. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average price of $65.31 and a 200-day moving average price of $66.45.
Regency Centers (NYSE:REG) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.01). The firm had revenue of $268.43 million for the quarter, compared to analyst estimates of $271.87 million. Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. During the same period in the previous year, the business posted $0.28 EPS. Sell-side analysts predict that Regency Centers Corp will post 3.78 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Monday, August 12th were given a dividend of $0.585 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.34 dividend on an annualized basis and a yield of 3.43%. Regency Centers’s dividend payout ratio (DPR) is presently 63.41%.
In other Regency Centers news, Director Thomas G. Wattles sold 2,073 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $65.47, for a total value of $135,719.31. Following the transaction, the director now owns 49,085 shares of the company’s stock, valued at $3,213,594.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 completion of the transaction, the vice president now directly owns 15,457 shares in the company, valued at approximately $1,007,023.55. The disclosure for this sale can be found here. Insiders have sold a total of 9,783 shares of company stock valued at $639,965 over the last ninety days. Insiders own 1.10% of the company’s stock.
A number of equities analysts have recently issued reports on REG shares. Compass Point started coverage on Regency Centers in a report on Thursday, August 15th. They issued a “neutral” rating and a $67.00 target price for the company. Citigroup set a $76.00 target price on Regency Centers and gave the stock a “buy” rating in a research report on Monday, May 20th. Scotiabank raised Regency Centers from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $68.00 to $72.00 in a research note on Friday, August 16th. Finally, BMO Capital Markets set a $64.00 price target on Regency Centers and gave the company a “hold” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $68.83.
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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