Rhumbline Advisers Has $17.59 Million Position in Regency Centers Corporation (REG)
Rhumbline Advisers lifted its position in shares of Regency Centers Corporation (NYSE:REG) by 1.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 283,545 shares of the real estate investment trust’s stock after buying an additional 3,320 shares during the quarter. Rhumbline Advisers owned approximately 0.17% of Regency Centers Corporation worth $17,591,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in REG. FMR LLC purchased a new position in shares of Regency Centers Corporation during the 1st quarter valued at $3,290,000. Capstone Asset Management Co. increased its stake in Regency Centers Corporation by 18.0% during the 2nd quarter. Capstone Asset Management Co. now owns 10,720 shares of the real estate investment trust’s stock valued at $672,000 after purchasing an additional 1,639 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Regency Centers Corporation by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the real estate investment trust’s stock valued at $570,000 after purchasing an additional 100 shares in the last quarter. Aperio Group LLC increased its stake in Regency Centers Corporation by 36.8% during the 2nd quarter. Aperio Group LLC now owns 53,036 shares of the real estate investment trust’s stock valued at $3,322,000 after purchasing an additional 14,280 shares in the last quarter. Finally, US Bancorp DE increased its stake in Regency Centers Corporation by 56.5% during the 2nd quarter. US Bancorp DE now owns 27,471 shares of the real estate investment trust’s stock valued at $1,721,000 after purchasing an additional 9,915 shares in the last quarter. Institutional investors own 92.24% of the company’s stock.
Regency Centers Corporation (REG) opened at $67.81 on Wednesday. The stock has a market capitalization of $11,540.00, a price-to-earnings ratio of 18.46, a P/E/G ratio of 2.24 and a beta of 0.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.63. Regency Centers Corporation has a one year low of $58.63 and a one year high of $72.05.
Regency Centers Corporation (NYSE:REG) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $262.14 million for the quarter, compared to analyst estimates of $254.04 million. Regency Centers Corporation had a return on equity of 2.82% and a net margin of 17.59%. During the same period last year, the company earned $0.81 earnings per share. analysts predict that Regency Centers Corporation will post 3.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Tuesday, November 14th. Regency Centers Corporation’s dividend payout ratio (DPR) is 235.56%.
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REG has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Regency Centers Corporation from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Thursday, September 14th. BMO Capital Markets began coverage on shares of Regency Centers Corporation in a research note on Monday, September 11th. They issued a “market perform” rating and a $65.00 price objective on the stock. Jefferies Group LLC lowered shares of Regency Centers Corporation from a “buy” rating to a “hold” rating and cut their price objective for the stock from $74.00 to $67.00 in a research note on Friday, September 15th. Boenning Scattergood lowered shares of Regency Centers Corporation from a “neutral” rating to an “under perform” rating and set a $62.50 price objective on the stock. in a research note on Tuesday, September 12th. Finally, Argus cut their price objective on shares of Regency Centers Corporation from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $70.86.
In related news, Vice Chairman Chaim Katzman sold 1,055,758 shares of Regency Centers Corporation stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $64.30, for a total transaction of $67,885,239.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.66% of the stock is currently owned by company insiders.
Regency Centers Corporation Profile
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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