Somerset Trust Co Purchases 4,511 Shares of Regency Centers Corp (REG)

Somerset Trust Co raised its stake in Regency Centers Corp (NYSE:REG) by 22.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,822 shares of the real estate investment trust’s stock after purchasing an additional 4,511 shares during the quarter. Somerset Trust Co’s holdings in Regency Centers were worth $1,717,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Regency Centers by 3.9% in the third quarter. Principal Financial Group Inc. now owns 5,156,883 shares of the real estate investment trust’s stock worth $319,928,000 after purchasing an additional 193,020 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Regency Centers by 7.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,586,197 shares of the real estate investment trust’s stock worth $98,408,000 after purchasing an additional 107,561 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Regency Centers by 3,080.1% in the third quarter. Advisors Asset Management Inc. now owns 7,505 shares of the real estate investment trust’s stock worth $466,000 after purchasing an additional 7,269 shares during the last quarter. Citigroup Inc. raised its stake in shares of Regency Centers by 32.4% in the second quarter. Citigroup Inc. now owns 248,150 shares of the real estate investment trust’s stock worth $15,544,000 after purchasing an additional 60,733 shares during the last quarter. Finally, Honeywell International Inc. raised its stake in shares of Regency Centers by 27.8% in the third quarter. Honeywell International Inc. now owns 56,679 shares of the real estate investment trust’s stock worth $3,516,000 after purchasing an additional 12,312 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Regency Centers Corp (NYSE:REG) traded down $0.40 on Wednesday, hitting $63.66. The company had a trading volume of 985,000 shares, compared to its average volume of 919,480. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $10,897.28, a P/E ratio of 70.73, a price-to-earnings-growth ratio of 2.10 and a beta of 0.58. Regency Centers Corp has a one year low of $58.63 and a one year high of $72.05.

Regency Centers (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 the Zacks’ consensus estimate of $0.91 by $0.04. The company had revenue of $262.14 million during the quarter, compared to the consensus estimate of $254.04 million. Regency Centers had a return on equity of 2.82% and a net margin of 17.59%. During the same period last year, the business posted $0.81 earnings per share. sell-side analysts anticipate that Regency Centers Corp will post 3.7 EPS for the current year.

In other Regency Centers news, Vice Chairman Chaim Katzman sold 204,602 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $64.90, for a total value of $13,278,669.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan Todd Roth sold 2,500 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $69.89, for a total value of $174,725.00. Following the completion of the sale, the director now directly owns 7,453 shares of the company’s stock, valued at $520,890.17. The disclosure for this sale can be found here. Insiders sold 228,585 shares of company stock valued at $14,622,751 over the last three months. Company insiders own 12.66% of the company’s stock.

Several brokerages have recently commented on REG. Boenning Scattergood reissued a “hold” rating on shares of Regency Centers in a research note on Tuesday. Jefferies Group set a $71.00 price target on Regency Centers and gave the company a “hold” rating in a research report on Friday, January 12th. BMO Capital Markets set a $68.00 price target on Regency Centers and gave the company a “hold” rating in a research report on Thursday, January 11th. SunTrust Banks reaffirmed a “buy” rating and set a $74.00 price target on shares of Regency Centers in a research report on Friday, December 1st. Finally, Zacks Investment Research downgraded Regency Centers from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $71.23.

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Regency Centers Company 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.

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

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