Signition LP purchased a new stake in shares of Regency Centers Corp (NYSE:REG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,515 shares of the real estate investment trust’s stock, valued at approximately $312,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in Regency Centers by 50.0% during the fourth quarter. American Century Companies Inc. now owns 923,620 shares of the real estate investment trust’s stock worth $63,896,000 after purchasing an additional 307,671 shares during the period. Wells Fargo & Company MN boosted its position in Regency Centers by 17.6% during the third quarter. Wells Fargo & Company MN now owns 1,652,584 shares of the real estate investment trust’s stock worth $102,526,000 after purchasing an additional 247,308 shares during the period. Principal Financial Group Inc. boosted its position in Regency Centers by 3.9% during 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 period. Resolution Capital Ltd boosted its position in Regency Centers by 23.1% during the fourth quarter. Resolution Capital Ltd now owns 953,424 shares of the real estate investment trust’s stock worth $65,958,000 after purchasing an additional 178,833 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its position in Regency Centers by 27.0% during the third quarter. Virginia Retirement Systems ET AL now owns 573,600 shares of the real estate investment trust’s stock worth $35,586,000 after purchasing an additional 121,800 shares during the period. Institutional investors own 92.24% of the company’s stock.
A number of equities analysts have weighed in on the stock. Boenning Scattergood reiterated a “hold” rating on shares of Regency Centers in a research report on Monday. TheStreet lowered shares of Regency Centers from a “b-” rating to a “c” rating in a research report on Thursday, February 8th. BTIG Research upgraded shares of Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Monday, January 29th. Jefferies Group set a $71.00 target price on shares of Regency Centers and gave the stock a “hold” rating in a research report on Friday, January 12th. Finally, BMO Capital Markets set a $68.00 target price on shares of Regency Centers and gave the stock a “hold” rating in a research report on Thursday, January 11th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $71.29.
Regency Centers (NYSE:REG) last released its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.42). Regency Centers had a net margin of 18.16% and a return on equity of 2.71%. The firm had revenue of $257.95 million during the quarter, compared to the consensus estimate of $257.60 million. During the same quarter last year, the business posted $0.86 earnings per share. analysts predict that Regency Centers Corp will post 3.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be given a $0.555 dividend. This is a positive change from Regency Centers’s previous quarterly dividend of $0.38. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Friday, February 16th. Regency Centers’s dividend payout ratio (DPR) is 243.68%.
Regency Centers announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 8th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In other news, Vice Chairman Chaim Katzman sold 52,771 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $64.14, for a total value of $3,384,731.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James D. Thompson sold 14,983 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $68.45, for a total transaction of $1,025,586.35. Following the completion of the sale, the vice president now directly owns 48,976 shares in the company, valued at $3,352,407.20. The disclosure for this sale can be found here. Insiders sold 598,762 shares of company stock valued at $38,701,922 over the last 90 days. 12.66% of the stock is owned by company insiders.
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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.
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