Timbercreek Asset Management Ltd. Increases Position in Regency Centers Corporation (REG)

Timbercreek Asset Management Ltd. lifted its holdings in shares of Regency Centers Corporation (NYSE:REG) by 152.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,968 shares of the real estate investment trust’s stock after purchasing an additional 140,728 shares during the period. Regency Centers Corporation accounts for about 4.5% of Timbercreek Asset Management Ltd.’s portfolio, making the stock its 4th biggest position. Timbercreek Asset Management Ltd. owned 0.14% of Regency Centers Corporation worth $14,593,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in REG. First Trust Advisors LP boosted its position in shares of Regency Centers Corporation by 34.3% during the 1st quarter. First Trust Advisors LP now owns 48,714 shares of the real estate investment trust’s stock valued at $3,234,000 after purchasing an additional 12,446 shares in the last quarter. US Bancorp DE boosted its position in shares of Regency Centers Corporation by 115.8% during the 1st quarter. US Bancorp DE now owns 17,556 shares of the real estate investment trust’s stock valued at $1,166,000 after purchasing an additional 9,419 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Regency Centers Corporation by 54.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 667,735 shares of the real estate investment trust’s stock valued at $44,331,000 after purchasing an additional 236,697 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Regency Centers Corporation during the 1st quarter valued at about $2,573,000. Finally, TD Asset Management Inc. boosted its position in shares of Regency Centers Corporation by 979.5% during the 1st quarter. TD Asset Management Inc. now owns 65,437 shares of the real estate investment trust’s stock valued at $4,344,000 after purchasing an additional 59,375 shares in the last quarter. Institutional investors own 91.52% of the company’s stock.

In other news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $64.30, for a total value of $67,885,239.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary Lou Fiala sold 7,775 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $65.74, for a total value of $511,128.50. Following the completion of the sale, the director now directly owns 17,145 shares in the company, valued at $1,127,112.30. The disclosure for this sale can be found here. Insiders own 12.66% of the company’s stock.

Regency Centers Corporation (NYSE:REG) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The business had revenue of $240.42 million for the quarter, compared to analysts’ expectations of $248.50 million. Regency Centers Corporation had a return on equity of 2.20% and a net margin of 13.19%. During the same period in the previous year, the firm posted $0.81 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th were given a dividend of $0.53 per share. The ex-dividend date was Monday, August 14th. This represents a $2.12 annualized dividend and a yield of 3.39%. Regency Centers Corporation’s payout ratio is 353.34%.

REG has been the topic of several research analyst reports. TheStreet upgraded Regency Centers Corporation from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada restated a “buy” rating and set a $70.00 target price on shares of Regency Centers Corporation in a research report on Monday, June 19th. Jefferies Group LLC raised Regency Centers Corporation from a “hold” rating to a “buy” rating and upped their price target for the stock from $72.00 to $74.00 in a research note on Friday, June 16th. BidaskClub raised Regency Centers Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $72.00 price target on shares of Regency Centers Corporation in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Regency Centers Corporation has a consensus rating of “Buy” and a consensus price target of $71.54.

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About Regency Centers Corporation

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.

Institutional Ownership by Quarter for Regency Centers Corporation (NYSE:REG)

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