QS Investors LLC grew its position in shares of Regency Centers Co. (NYSE:REG) by 21.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,109 shares of the real estate investment trust’s stock after acquiring an additional 2,128 shares during the quarter. QS Investors LLC’s holdings in Regency Centers were worth $838,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cbre Clarion Securities LLC raised its holdings in Regency Centers by 24.3% during the 4th quarter. Cbre Clarion Securities LLC now owns 5,093,711 shares of the real estate investment trust’s stock worth $352,383,000 after buying an additional 997,435 shares during the period. Deutsche Bank AG raised its holdings in Regency Centers by 41.1% during the 4th quarter. Deutsche Bank AG now owns 1,924,306 shares of the real estate investment trust’s stock worth $133,118,000 after buying an additional 560,348 shares during the period. Alliancebernstein L.P. raised its holdings in Regency Centers by 95.5% during the 4th quarter. Alliancebernstein L.P. now owns 654,923 shares of the real estate investment trust’s stock worth $45,308,000 after buying an additional 319,918 shares during the period. American Century Companies Inc. grew its stake in Regency Centers by 50.0% during the 4th quarter. American Century Companies Inc. now owns 923,620 shares of the real estate investment trust’s stock valued at $63,896,000 after acquiring an additional 307,671 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Regency Centers by 17.6% during the 3rd quarter. Wells Fargo & Company MN now owns 1,652,584 shares of the real estate investment trust’s stock valued at $102,526,000 after acquiring an additional 247,308 shares in the last quarter. 91.60% of the stock is owned by institutional investors.
Several equities research analysts recently commented on REG shares. Robert W. Baird reissued a “buy” rating and issued a $68.00 price target on shares of Regency Centers in a research note on Wednesday, March 21st. Jefferies Group set a $62.00 target price on Regency Centers and gave the stock a “hold” rating in a report on Friday. Boenning Scattergood restated a “hold” rating on shares of Regency Centers in a report on Monday, February 12th. Deutsche Bank cut their price target on Regency Centers from $73.00 to $72.00 and set a “hold” rating for the company in a report on Monday, March 19th. Finally, Wells Fargo reiterated an “outperform” rating and set a $65.00 price target (down from $76.00) on shares of Regency Centers in a report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Regency Centers currently has a consensus rating of “Buy” and an average target price of $68.89.
Shares of NYSE:REG traded up $0.20 during mid-day trading on Friday, reaching $58.39. 760,323 shares of the stock were exchanged, compared to its average volume of 1,083,169. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $9,938.53, a PE ratio of 15.82, a PEG ratio of 2.19 and a beta of 0.47. Regency Centers Co. has a one year low of $54.87 and a one year high of $70.64.
Regency Centers (NYSE:REG) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.42). Regency Centers had a net margin of 18.16% and a return on equity of 2.71%. The company had revenue of $257.95 million during the quarter, compared to the consensus estimate of $257.60 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. research analysts predict that Regency Centers Co. will post 3.79 earnings per share for the current fiscal year.
Regency Centers declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 8th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In related news, Vice Chairman Chaim Katzman sold 47,230 shares of Regency Centers stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $64.32, for a total transaction of $3,037,833.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bryce Blair purchased 1,739 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The shares were purchased at an average cost of $57.50 per share, with a total value of $99,992.50. Following the completion of the acquisition, the director now owns 10,842 shares in the company, valued at approximately $623,415. The disclosure for this purchase can be found here. Insiders have sold a total of 2,142,470 shares of company stock valued at $125,849,765 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.
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Regency Centers 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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