American Century Companies Inc. lowered its holdings in Regency Centers Corporation (NYSE:REG) by 21.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 615,949 shares of the real estate investment trust’s stock after selling 168,437 shares during the quarter. American Century Companies Inc. owned 0.36% of Regency Centers Corporation worth $38,213,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. Louisiana State Employees Retirement System lifted its holdings in Regency Centers Corporation by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the real estate investment trust’s stock valued at $570,000 after acquiring an additional 100 shares during the period. State of Tennessee Treasury Department lifted its holdings in Regency Centers Corporation by 0.3% in the second quarter. State of Tennessee Treasury Department now owns 40,005 shares of the real estate investment trust’s stock valued at $2,506,000 after acquiring an additional 110 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in Regency Centers Corporation by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 34,078 shares of the real estate investment trust’s stock valued at $2,135,000 after acquiring an additional 118 shares during the period. IHT Wealth Management LLC acquired a new stake in Regency Centers Corporation in the second quarter valued at $124,000. Finally, Candriam Luxembourg S.C.A. lifted its holdings in Regency Centers Corporation by 0.8% in the second quarter. Candriam Luxembourg S.C.A. now owns 23,414 shares of the real estate investment trust’s stock valued at $1,467,000 after acquiring an additional 185 shares during the period. 90.65% of the stock is owned by institutional investors.
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Regency Centers Corporation (REG) opened at $67.21 on Tuesday. Regency Centers Corporation has a 52-week low of $58.63 and a 52-week high of $72.05. The firm has a market capitalization of $11,303.84, a price-to-earnings ratio of 18.25, a PEG ratio of 2.22 and a beta of 0.55. 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 Corporation (NYSE:REG) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The firm had revenue of $262.14 million during the quarter, compared to analysts’ expectations of $254.04 million. Regency Centers Corporation had a return on equity of 2.82% and a net margin of 17.59%. During the same quarter last year, the business posted $0.81 EPS. sell-side analysts forecast that Regency Centers Corporation will post 3.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Tuesday, November 14th. Regency Centers Corporation’s dividend payout ratio is currently 235.56%.
In other news, Director Mary Lou Fiala sold 7,775 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $65.74, for a total value of $511,128.50. Following the completion of the sale, the director now directly owns 17,145 shares in the company, valued at approximately $1,127,112.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Chaim Katzman sold 1,055,758 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $64.30, for a total value of $67,885,239.40. The disclosure for this sale can be found here. Insiders sold a total of 1,068,033 shares of company stock worth $68,404,918 over the last ninety days. Corporate insiders own 12.66% of the company’s stock.
A number of equities research analysts have commented on REG shares. TheStreet raised Regency Centers Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Zacks Investment Research raised Regency Centers Corporation from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Thursday, September 14th. Argus reduced their target price on Regency Centers Corporation from $80.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, August 31st. Robert W. Baird reissued a “buy” rating and issued a $72.00 target price on shares of Regency Centers Corporation in a report on Thursday, August 24th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $74.00 price target on shares of Regency Centers Corporation in a research report on Monday, July 17th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Regency Centers Corporation presently has a consensus rating of “Buy” and an average price target of $70.86.
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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