SG Americas Securities LLC reduced its position in Regency Centers Corp (NYSE:REG) by 70.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 23,796 shares of the real estate investment trust’s stock after selling 55,698 shares during the period. SG Americas Securities LLC’s holdings in Regency Centers were worth $1,654,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. Daiwa Securities Group Inc. lifted its stake in Regency Centers by 20.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,824,982 shares of the real estate investment trust’s stock valued at $196,308,000 after purchasing an additional 478,257 shares during the last quarter. Mackay Shields LLC lifted its stake in Regency Centers by 142.0% in the 3rd quarter. Mackay Shields LLC now owns 61,679 shares of the real estate investment trust’s stock valued at $4,286,000 after purchasing an additional 36,196 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in Regency Centers in the 3rd quarter valued at about $1,042,000. IFM Investors Pty Ltd lifted its stake in Regency Centers by 38.2% in the 3rd quarter. IFM Investors Pty Ltd now owns 16,530 shares of the real estate investment trust’s stock valued at $1,149,000 after purchasing an additional 4,572 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its stake in Regency Centers by 3.3% in the 3rd quarter. LS Investment Advisors LLC now owns 21,789 shares of the real estate investment trust’s stock valued at $1,514,000 after purchasing an additional 689 shares during the last quarter. Institutional investors and hedge funds own 93.87% of the company’s stock.
Several equities research analysts recently issued reports on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $66.00 target price on shares of Regency Centers in a research note on Thursday, October 31st. Barclays reiterated a “buy” rating and issued a $75.00 target price on shares of Regency Centers in a research note on Sunday, October 13th. Scotiabank downgraded shares of Regency Centers from an “outperform” rating to a “sector perform” rating in a research note on Monday, November 4th. Finally, Compass Point assumed coverage on shares of Regency Centers in a research note on Thursday, August 15th. They issued a “neutral” rating and a $67.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Regency Centers presently has an average rating of “Hold” and an average target price of $69.48.
Regency Centers (NYSE:REG) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.62). The company had revenue of $282.28 million during the quarter, compared to the consensus estimate of $275.37 million. Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. During the same period in the prior year, the company earned $0.41 earnings per share. Equities analysts anticipate that Regency Centers Corp will post 3.78 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, November 12th will be issued a $0.585 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.34 annualized dividend and a yield of 3.58%. Regency Centers’s dividend payout ratio is currently 63.41%.
In other Regency Centers news, Director Thomas G. Wattles sold 2,073 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $65.47, for a total value of $135,719.31. Following the transaction, the director now directly owns 49,085 shares of the company’s stock, valued at approximately $3,213,594.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 2,370 shares of company stock worth $156,167. Insiders own 1.10% of the company’s stock.
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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