First Trust Advisors LP increased its position in shares of Regency Centers Corporation (NYSE:REG) by 3.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,719 shares of the real estate investment trust’s stock after buying an additional 1,396 shares during the period. First Trust Advisors LP’s holdings in Regency Centers Corporation were worth $2,774,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB increased its stake in Regency Centers Corporation by 1.6% in the third quarter. Xact Kapitalforvaltning AB now owns 73,699 shares of the real estate investment trust’s stock valued at $4,572,000 after purchasing an additional 1,142 shares during the last quarter. Nationwide Fund Advisors increased its stake in Regency Centers Corporation by 21.4% in the third quarter. Nationwide Fund Advisors now owns 397,615 shares of the real estate investment trust’s stock valued at $24,668,000 after purchasing an additional 70,116 shares during the last quarter. PGGM Investments increased its stake in Regency Centers Corporation by 4.9% in the third quarter. PGGM Investments now owns 2,309,000 shares of the real estate investment trust’s stock valued at $143,250,000 after purchasing an additional 107,000 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Regency Centers Corporation in the third quarter valued at approximately $877,000. Finally, Perpetual Ltd purchased a new position in Regency Centers Corporation in the second quarter valued at approximately $2,596,000. Hedge funds and other institutional investors own 92.24% of the company’s stock.
In related news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $64.30, for a total transaction of $67,885,239.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.66% of the stock is owned by company insiders.
Regency Centers Corporation (NYSE:REG) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The business had revenue of $262.14 million for the quarter, compared to analyst estimates of $254.04 million. Regency Centers Corporation had a net margin of 17.59% and a return on equity of 2.82%. During the same period last year, the firm posted $0.81 earnings per share. research analysts predict that Regency Centers Corporation will post 3.68 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Tuesday, November 14th. Regency Centers Corporation’s dividend payout ratio is presently 235.56%.
Several equities analysts have commented on REG shares. Zacks Investment Research upgraded shares of Regency Centers Corporation from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Tuesday, October 10th. Robert W. Baird reiterated a “buy” rating and issued a $72.00 price target on shares of Regency Centers Corporation in a research note on Thursday, August 24th. Boenning Scattergood lowered shares of Regency Centers Corporation from a “neutral” rating to an “under perform” rating and set a $62.50 price target on the stock. in a research note on Tuesday, September 12th. Royal Bank Of Canada upgraded shares of Regency Centers Corporation from an “outperform” rating to a “top pick” rating and increased their price target for the company from $72.00 to $75.00 in a research note on Thursday, August 17th. Finally, Citigroup Inc. set a $70.00 price target on shares of Regency Centers Corporation and gave the company a “hold” rating in a research note on Monday, August 14th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $70.86.
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About Regency Centers Corporation
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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