PGGM Investments lifted its holdings in shares of Regency Centers Corp (NYSE:REG) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,589,601 shares of the real estate investment trust’s stock after purchasing an additional 353,566 shares during the quarter. Regency Centers accounts for 1.6% of PGGM Investments’ holdings, making the stock its 14th largest position. PGGM Investments owned 2.74% of Regency Centers worth $289,558,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in REG. Vanguard Group Inc. boosted its position in shares of Regency Centers by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 26,661,698 shares of the real estate investment trust’s stock worth $1,779,402,000 after acquiring an additional 1,427,631 shares in the last quarter. BlackRock Inc. boosted its position in shares of Regency Centers by 0.3% during the 2nd quarter. BlackRock Inc. now owns 16,986,355 shares of the real estate investment trust’s stock worth $1,133,670,000 after acquiring an additional 55,541 shares in the last quarter. State Street Corp boosted its position in shares of Regency Centers by 2.2% during the 3rd quarter. State Street Corp now owns 12,326,987 shares of the real estate investment trust’s stock worth $856,602,000 after acquiring an additional 269,047 shares in the last quarter. Invesco Ltd. boosted its position in shares of Regency Centers by 12.7% during the 2nd quarter. Invesco Ltd. now owns 4,092,710 shares of the real estate investment trust’s stock worth $273,146,000 after acquiring an additional 461,012 shares in the last quarter. Finally, Boston Partners boosted its position in shares of Regency Centers by 6.5% during the 3rd quarter. Boston Partners now owns 2,904,326 shares of the real estate investment trust’s stock worth $201,798,000 after acquiring an additional 176,262 shares in the last quarter. 93.87% of the stock is currently owned by institutional investors.
REG has been the topic of several analyst reports. Morgan Stanley lowered shares of Regency Centers from an “overweight” rating to an “equal” rating and reduced their price target for the stock from $71.00 to $65.00 in a research report on Tuesday, December 17th. BMO Capital Markets reiterated a “hold” rating and set a $66.00 price target on shares of Regency Centers in a research report on Thursday, October 31st. Jefferies Financial Group upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and increased their price target for the stock from $66.00 to $71.00 in a research report on Wednesday. Scotiabank lowered shares of Regency Centers from an “outperform” rating to a “sector perform” rating in a research report on Monday, November 4th. Finally, Citigroup lowered shares of Regency Centers from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $75.00 to $71.00 in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $69.30.
Shares of REG stock traded up $0.13 during trading hours on Friday, hitting $63.38. 6,963 shares of the company’s stock traded hands, compared to its average volume of 799,982. The stock’s 50 day simple moving average is $62.76 and its 200 day simple moving average is $65.73. The stock has a market cap of $10.38 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. Regency Centers Corp has a 12 month low of $60.35 and a 12 month 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.
Regency Centers (NYSE:REG) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.62). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The firm had revenue of $282.28 million for the quarter, compared to the consensus estimate of $275.37 million. During the same period in the prior year, the business earned $0.41 EPS. As a group, equities research analysts expect that Regency Centers Corp will post 3.78 EPS for the current fiscal year.
Regency Centers 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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