Regency Centers Corp. (REG) Shares Bought by Westpac Banking Corp
Westpac Banking Corp raised its position in shares of Regency Centers Corp. (NYSE:REG) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 47,062 shares of the real estate investment trust’s stock after buying an additional 111 shares during the period. Westpac Banking Corp’s holdings in Regency Centers Corp. were worth $3,941,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of REG. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Regency Centers Corp. by 11.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 29,554 shares of the real estate investment trust’s stock worth $2,212,000 after buying an additional 3,097 shares during the period. Aperio Group LLC raised its position in shares of Regency Centers Corp. by 3.7% in the first quarter. Aperio Group LLC now owns 33,946 shares of the real estate investment trust’s stock worth $2,541,000 after buying an additional 1,212 shares in the last quarter. Nisa Investment Advisors L.L.C. raised its position in shares of Regency Centers Corp. by 73.9% in the first quarter. Nisa Investment Advisors L.L.C. now owns 29,420 shares of the real estate investment trust’s stock worth $2,202,000 after buying an additional 12,500 shares in the last quarter. Virginia Retirement System purchased a new position in shares of Regency Centers Corp. during the first quarter worth approximately $14,852,000. Finally, Hyman Charles D purchased a new position in shares of Regency Centers Corp. during the first quarter worth approximately $597,000. Institutional investors and hedge funds own 95.91% of the company’s stock.
Shares of Regency Centers Corp. (NYSE:REG) opened at 79.35 on Friday. The company’s 50 day moving average price is $79.78 and its 200 day moving average price is $78.30. Regency Centers Corp. has a 12 month low of $60.11 and a 12 month high of $85.35. The company has a market capitalization of $7.87 billion, a P/E ratio of 49.87 and a beta of 0.89.
Regency Centers Corp. (NYSE:REG) last issued its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.81. Regency Centers Corp. had a return on equity of 10.04% and a net margin of 29.19%. During the same period last year, the firm earned $0.75 EPS. Analysts expect that Regency Centers Corp. will post $3.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th were paid a $0.50 dividend. The ex-dividend date was Monday, August 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.52%. Regency Centers Corp.’s payout ratio is presently 125.79%.
A number of research analysts have commented on the company. RBC Capital Markets reaffirmed a “top pick” rating and issued a $91.00 price objective (up from $82.00) on shares of Regency Centers Corp. in a report on Friday, August 5th. Boenning Scattergood assumed coverage on Regency Centers Corp. in a report on Tuesday, June 28th. They issued a “neutral” rating on the stock. Argus reaffirmed a “hold” rating on shares of Regency Centers Corp. in a report on Saturday, September 3rd. Citigroup Inc. upped their price objective on Regency Centers Corp. from $76.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, August 12th. Finally, BTIG Research assumed coverage on Regency Centers Corp. in a report on Thursday, August 25th. They issued a “neutral” rating on the stock. Eleven research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $78.58.
In other news, Director Bryce Blair bought 1,251 shares of the stock in a transaction on Tuesday, August 23rd. The shares were purchased at an average cost of $79.79 per share, for a total transaction of $99,817.29. Following the completion of the purchase, the director now directly owns 4,084 shares in the company, valued at approximately $325,862.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.
About Regency Centers Corp.
Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers, L.P. (Operating Partnership). The Company’s operating, investing and financing activities are performed through the Operating Partnership, its subsidiaries and through its co-investment partnerships.
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