Candriam Luxembourg S.C.A. Has $1.12 Million Position in Regency Centers Corp (REG)

Candriam Luxembourg S.C.A. reduced its position in Regency Centers Corp (NYSE:REG) by 10.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 16,645 shares of the real estate investment trust’s stock after selling 1,938 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Regency Centers were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its position in Regency Centers by 398.4% during the first quarter. Quadrant Capital Group LLC now owns 623 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 498 shares during the period. Enlightenment Research LLC acquired a new position in Regency Centers during the fourth quarter worth $47,000. Bessemer Group Inc. raised its position in Regency Centers by 367.9% during the fourth quarter. Bessemer Group Inc. now owns 2,171 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 1,707 shares during the period. ETF Managers Group LLC raised its position in Regency Centers by 18.9% during the fourth quarter. ETF Managers Group LLC now owns 2,268 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 360 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in Regency Centers during the first quarter worth $146,000. Hedge funds and other institutional investors own 93.87% of the company’s stock.

Regency Centers stock opened at $66.43 on Wednesday. Regency Centers Corp has a 52-week low of $55.38 and a 52-week high of $69.01. The firm has a market cap of $10.98 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57.



Regency Centers (NYSE:REG) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The business had revenue of $286.26 million for the quarter, compared to analysts’ expectations of $274.40 million. During the same period in the previous year, the company earned $0.96 EPS. Equities research analysts anticipate that Regency Centers Corp will post 3.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th will be issued a dividend of $0.585 per share. This is a positive change from Regency Centers’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.34 dividend on an annualized basis and a dividend yield of 3.52%. Regency Centers’s dividend payout ratio is presently 63.41%.

REG has been the subject of a number of research analyst reports. BMO Capital Markets set a $64.00 price objective on shares of Regency Centers and gave the stock a “hold” rating in a research report on Thursday, February 14th. Zacks Investment Research upgraded shares of Regency Centers from a “sell” rating to a “hold” rating in a research report on Monday, March 11th. Citigroup set a $75.00 price objective on shares of Regency Centers and gave the stock a “buy” rating in a research report on Friday, February 22nd. SunTrust Banks restated a “buy” rating and set a $70.00 price objective on shares of Regency Centers in a research report on Friday, February 22nd. Finally, Barclays upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $63.00 to $69.00 in a research report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $69.23.

In related news, VP James D. Thompson sold 14,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $66.26, for a total value of $927,640.00. Following the completion of the sale, the vice president now owns 63,249 shares of the company’s stock, valued at $4,190,878.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Andrew Wibbenmeyer sold 2,621 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $64.27, for a total transaction of $168,451.67. The disclosure for this sale can be found here. Insiders have sold 101,941 shares of company stock valued at $6,633,625 in the last ninety days. Insiders own 1.10% of the company’s stock.

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About Regency Centers

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

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