Gotham Asset Management LLC Buys Shares of 11,332 Regency Centers Corporation (REG)
Gotham Asset Management LLC acquired a new stake in shares of Regency Centers Corporation (NYSE:REG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,332 shares of the real estate investment trust’s stock, valued at approximately $752,000.
Other hedge funds have also recently bought and sold shares of the company. Allianz Asset Management AG purchased a new stake in Regency Centers Corporation during the fourth quarter valued at $1,289,000. Chevy Chase Trust Holdings Inc. purchased a new stake in Regency Centers Corporation during the first quarter valued at $8,398,000. Guyasuta Investment Advisors Inc. purchased a new stake in Regency Centers Corporation during the first quarter valued at $2,446,000. Guggenheim Capital LLC boosted its stake in Regency Centers Corporation by 63.7% in the fourth quarter. Guggenheim Capital LLC now owns 86,866 shares of the real estate investment trust’s stock valued at $5,989,000 after buying an additional 33,797 shares during the last quarter. Finally, Norges Bank purchased a new stake in Regency Centers Corporation during the fourth quarter valued at $34,751,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.
Regency Centers Corporation (REG) traded up 0.05% during trading on Thursday, reaching $66.13. The company had a trading volume of 678,219 shares. Regency Centers Corporation has a 12-month low of $58.63 and a 12-month high of $84.21. The stock has a 50 day moving average of $63.19 and a 200-day moving average of $65.32. The stock has a market capitalization of $11.25 billion, a P/E ratio of 98.70 and a beta of 0.56.
Regency Centers Corporation (NYSE:REG) last announced its 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 the consensus estimate of $185.43 million. Regency Centers Corporation had a net margin of 13.68% and a return on equity of 2.75%. During the same period last year, the firm earned $0.86 earnings per share. On average, analysts forecast that Regency Centers Corporation will post $1.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.21%. Regency Centers Corporation’s dividend payout ratio (DPR) is 316.42%.
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Several analysts have weighed in on REG shares. Jefferies Group LLC raised Regency Centers Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $72.00 to $74.00 in a research report on Friday, June 16th. Citigroup Inc. reissued a “neutral” rating and issued a $67.00 price target (down from $70.00) on shares of Regency Centers Corporation in a research report on Monday, July 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 price target on shares of Regency Centers Corporation in a research report on Monday, June 19th. BidaskClub raised Regency Centers Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $73.00 price target (up from $72.00) on shares of Regency Centers Corporation in a research report on Monday, July 10th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $74.18.
In other Regency Centers Corporation news, Director John C. Schweitzer sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $61.13, for a total value of $244,520.00. Following the completion of the sale, the director now directly owns 46,694 shares in the company, valued at $2,854,404.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider H Craig Ramey sold 1,048 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $62.17, for a total transaction of $65,154.16. Following the completion of the sale, the insider now owns 15,769 shares of the company’s stock, valued at $980,358.73. The disclosure for this sale can be found here. 12.66% of the stock is owned by company 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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