Regency Centers Corporation (REG) Shares Bought by Bank of America Corp DE
Bank of America Corp DE increased its position in shares of Regency Centers Corporation (NYSE:REG) by 0.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 335,047 shares of the real estate investment trust’s stock after buying an additional 3,070 shares during the period. Bank of America Corp DE owned 0.32% of Regency Centers Corporation worth $22,244,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of REG. Victory Capital Management Inc. bought a new position in shares of Regency Centers Corporation during the first quarter worth about $176,000. Baldwin Brothers Inc. MA bought a new position in shares of Regency Centers Corporation during the first quarter worth about $189,000. Cleararc Capital Inc. bought a new position in shares of Regency Centers Corporation during the first quarter worth about $236,000. Keybank National Association OH bought a new position in shares of Regency Centers Corporation during the first quarter worth about $248,000. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Regency Centers Corporation by 51.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,085 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 1,380 shares during the last quarter. 87.18% of the stock is owned by institutional investors.
Shares of Regency Centers Corporation (NYSE REG) traded up 0.05% during mid-day trading on Thursday, reaching $66.13. The company had a trading volume of 678,219 shares. Regency Centers Corporation has a 52-week low of $58.63 and a 52-week high of $84.21. The firm’s 50-day moving average price is $63.19 and its 200 day moving average price is $65.32. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 98.70 and a beta of 0.56.
Regency Centers Corporation (NYSE:REG) last announced its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.07. The company had revenue of $189.43 million during the quarter, compared to analysts’ expectations of $185.43 million. Regency Centers Corporation had a return on equity of 2.75% and a net margin of 13.68%. During the same period in the previous year, the business earned $0.86 earnings per share. Equities analysts expect that Regency Centers Corporation will post $1.22 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.21%. Regency Centers Corporation’s dividend payout ratio (DPR) is presently 316.42%.
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REG has been the subject of a number of analyst reports. BidaskClub raised Regency Centers Corporation from a “hold” rating to a “buy” rating in a report on Tuesday. Jefferies Group LLC reissued a “buy” rating and set a $74.00 price objective on shares of Regency Centers Corporation in a report on Monday, July 17th. Royal Bank Of Canada reissued a “buy” rating and set a $70.00 price objective on shares of Regency Centers Corporation in a report on Monday, June 19th. TheStreet cut Regency Centers Corporation from a “b” rating to a “c” rating in a report on Tuesday, May 9th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $73.00 price target (up from $72.00) on shares of Regency Centers Corporation in a report on Monday, July 10th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $74.18.
In related news, insider H Craig Ramey sold 1,048 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $62.17, for a total transaction of $65,154.16. Following the completion of the transaction, the insider now directly owns 15,769 shares in the company, valued at $980,358.73. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John C. Schweitzer sold 4,000 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $61.13, for a total value of $244,520.00. Following the transaction, the director now owns 46,694 shares of the company’s stock, valued at $2,854,404.22. The disclosure for this sale can be found here. 12.66% of the stock is owned by insiders.
Regency Centers Corporation Company Profile
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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