Nomura Asset Management Co. Ltd. trimmed its position in shares of Regency Centers Corporation (NYSE:REG) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,593 shares of the real estate investment trust’s stock after selling 7,740 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.07% of Regency Centers worth $6,923,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in REG. Public Employees Retirement Association of Colorado raised its holdings in shares of Regency Centers by 0.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 34,078 shares of the real estate investment trust’s stock worth $2,135,000 after acquiring an additional 118 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Regency Centers by 3.6% during the second quarter. Great West Life Assurance Co. Can now owns 166,708 shares of the real estate investment trust’s stock worth $10,436,000 after acquiring an additional 5,866 shares during the period. Candriam Luxembourg S.C.A. raised its holdings in shares of Regency Centers by 0.8% during the second quarter. Candriam Luxembourg S.C.A. now owns 23,414 shares of the real estate investment trust’s stock worth $1,467,000 after acquiring an additional 185 shares during the period. Retirement Systems of Alabama raised its holdings in shares of Regency Centers by 0.5% during the second quarter. Retirement Systems of Alabama now owns 70,918 shares of the real estate investment trust’s stock worth $4,442,000 after acquiring an additional 327 shares during the period. Finally, Global X Management Co. LLC acquired a new stake in shares of Regency Centers during the second quarter worth $179,000. 92.49% of the stock is currently owned by institutional investors.
A number of brokerages recently commented on REG. Citigroup set a $70.00 price objective on shares of Regency Centers and gave the stock a “hold” rating in a report on Monday, August 14th. SunTrust Banks restated a “buy” rating and set a $74.00 price objective on shares of Regency Centers in a report on Friday, December 1st. Boenning Scattergood upgraded shares of Regency Centers from an “under perform” rating to a “neutral” rating in a research note on Tuesday, October 3rd. Zacks Investment Research lowered shares of Regency Centers from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $72.00 price target on shares of Regency Centers in a research note on Thursday, August 24th. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Regency Centers currently has an average rating of “Hold” and an average target price of $70.59.
Regency Centers Corporation (NYSE REG) traded up $0.11 during trading on Friday, hitting $67.45. 1,074,100 shares of the stock traded hands, compared to its average volume of 1,155,687. The firm has a market cap of $11,455.24, a price-to-earnings ratio of 18.50, a PEG ratio of 2.27 and a beta of 0.58. Regency Centers Corporation has a one year low of $58.63 and a one year high of $72.05. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.53.
Regency Centers (NYSE:REG) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the consensus estimate 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 had a net margin of 17.59% and a return on equity of 2.82%. During the same period in the previous year, the business earned $0.81 EPS. sell-side analysts anticipate that Regency Centers Corporation will post 3.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.12 annualized dividend and a dividend yield of 3.14%. Regency Centers’s dividend payout ratio is presently 235.56%.
In other news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were 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 can be accessed through this link. 12.66% of the stock is owned by insiders.
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About Regency Centers
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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