Regency Centers Corp (REG) Stake Lessened by Sarasin & Partners LLP

Sarasin & Partners LLP lowered its position in shares of Regency Centers Corp (NYSE:REG) by 6.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 93,052 shares of the real estate investment trust’s stock after selling 6,622 shares during the quarter. Sarasin & Partners LLP’s holdings in Regency Centers were worth $6,437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in REG. IHT Wealth Management LLC acquired a new stake in shares of Regency Centers during the 2nd quarter worth approximately $124,000. Perigon Wealth Management LLC increased its holdings in Regency Centers by 93.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 1,025 shares during the last quarter. Advisor Group Inc. increased its holdings in Regency Centers by 15.6% in the 2nd quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 404 shares during the last quarter. ZWJ Investment Counsel Inc. acquired a new stake in Regency Centers in the 4th quarter valued at approximately $201,000. Finally, WINTON GROUP Ltd acquired a new stake in Regency Centers in the 3rd quarter valued at approximately $219,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Several analysts recently weighed in on REG shares. Boenning Scattergood reiterated a “hold” rating on shares of Regency Centers in a report on Monday, November 6th. Jefferies Group set a $71.00 target price on shares of Regency Centers and gave the company a “hold” rating in a report on Friday, January 12th. Zacks Investment Research downgraded shares of Regency Centers from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. 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 report on Monday, January 29th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Regency Centers in a report on Friday, November 3rd. Seven equities research 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’s stock. Regency Centers currently has a consensus rating of “Buy” and a consensus price target of $71.29.

Regency Centers Corp (REG) opened at $55.58 on Friday. The company has a market cap of $9,786.46, a price-to-earnings ratio of 61.76, a price-to-earnings-growth ratio of 1.91 and a beta of 0.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.63. Regency Centers Corp has a 12 month low of $55.58 and a 12 month high of $72.05.

Regency Centers (NYSE:REG) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.92 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.92. Regency Centers had a net margin of 17.59% and a return on equity of 2.82%. During the same period in the prior year, the business earned $0.86 earnings per share. sell-side analysts forecast that Regency Centers Corp will post 3.7 EPS for the current year.

In other Regency Centers news, CAO J Christian Leavitt sold 2,000 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $67.61, for a total value of $135,220.00. Following the completion of the transaction, the chief accounting officer now owns 14,314 shares in the company, valued at $967,769.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Chaim Katzman sold 52,771 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $64.14, for a total transaction of $3,384,731.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 598,762 shares of company stock valued at $38,701,922. Insiders own 12.66% of the company’s stock.

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About Regency Centers

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

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