Strs Ohio Reduces Holdings in Regency Centers Corp (REG)
Strs Ohio cut its holdings in Regency Centers Corp (NYSE:REG) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 218,312 shares of the real estate investment trust’s stock after selling 12,452 shares during the quarter. Strs Ohio’s holdings in Regency Centers were worth $13,552,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Boston Partners raised its position in Regency Centers by 2.6% in the second quarter. Boston Partners now owns 3,136,700 shares of the real estate investment trust’s stock worth $194,726,000 after acquiring an additional 78,670 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Regency Centers by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,448,701 shares of the real estate investment trust’s stock worth $144,425,000 after acquiring an additional 16,509 shares in the last quarter. Northern Trust Corp raised its position in Regency Centers by 1.2% in the first quarter. Northern Trust Corp now owns 2,436,191 shares of the real estate investment trust’s stock worth $143,686,000 after acquiring an additional 27,813 shares in the last quarter. Centersquare Investment Management LLC bought a new stake in Regency Centers in the first quarter worth about $125,564,000. Finally, Bank of New York Mellon Corp raised its position in Regency Centers by 7.2% in the second quarter. Bank of New York Mellon Corp now owns 1,902,468 shares of the real estate investment trust’s stock worth $118,107,000 after acquiring an additional 128,339 shares in the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.
NYSE REG opened at $65.21 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $10.72 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 2.35 and a beta of 0.46. Regency Centers Corp has a 1 year low of $54.87 and a 1 year high of $70.64.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 29th. Shareholders of record on Wednesday, August 15th will be issued a dividend of $0.555 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $2.22 annualized dividend and a yield of 3.40%. Regency Centers’s payout ratio is presently 60.16%.
In other Regency Centers news, insider H Craig Ramey sold 1,365 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $63.27, for a total transaction of $86,363.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Dan M. Chandler III sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $63.35, for a total value of $158,375.00. Following the sale, the vice president now owns 885 shares in the company, valued at approximately $56,064.75. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
Several equities research analysts have commented on the stock. Citigroup boosted their price target on shares of Regency Centers from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday. Jefferies Financial Group reiterated a “hold” rating and issued a $67.00 price target on shares of Regency Centers in a research report on Wednesday. BMO Capital Markets reiterated a “hold” rating and issued a $62.00 price target on shares of Regency Centers in a research report on Thursday, August 2nd. Wells Fargo & Co boosted their price target on shares of Regency Centers from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, August 10th. Finally, TheStreet upgraded shares of Regency Centers from a “c+” rating to a “b-” rating in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $68.04.
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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