Regency Centers Corporation (REG) Holdings Lifted by Adelante Capital Management LLC
Adelante Capital Management LLC boosted its holdings in shares of Regency Centers Corporation (NYSE:REG) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,268,801 shares of the real estate investment trust’s stock after acquiring an additional 47,813 shares during the period. Regency Centers Corporation makes up approximately 4.5% of Adelante Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Adelante Capital Management LLC owned 0.75% of Regency Centers Corporation worth $79,478,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of REG. First Trust Advisors LP lifted its holdings in Regency Centers Corporation by 34.3% during the first quarter. First Trust Advisors LP now owns 48,714 shares of the real estate investment trust’s stock worth $3,234,000 after acquiring an additional 12,446 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Regency Centers Corporation by 54.9% during the first quarter. UBS Asset Management Americas Inc. now owns 667,735 shares of the real estate investment trust’s stock worth $44,331,000 after acquiring an additional 236,697 shares in the last quarter. SG Americas Securities LLC bought a new position in Regency Centers Corporation during the first quarter worth about $1,006,000. Victory Capital Management Inc. bought a new position in Regency Centers Corporation during the first quarter worth about $176,000. Finally, Alliancebernstein L.P. lifted its holdings in Regency Centers Corporation by 137.1% during the first quarter. Alliancebernstein L.P. now owns 343,466 shares of the real estate investment trust’s stock worth $22,803,000 after acquiring an additional 198,583 shares in the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.
Several research firms have weighed in on REG. Boenning Scattergood reiterated a “hold” rating on shares of Regency Centers Corporation in a report on Monday, August 7th. TheStreet upgraded Regency Centers Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $74.00 target price on shares of Regency Centers Corporation in a report on Monday, July 17th. Zacks Investment Research lowered Regency Centers Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Barclays PLC reduced their target price on Regency Centers Corporation from $73.00 to $71.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Regency Centers Corporation has a consensus rating of “Buy” and an average price target of $71.54.
In other news, Director Mary Lou Fiala sold 7,775 shares of the firm’s stock in a transaction dated 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 SEC, which is accessible through this link. Also, Vice Chairman Chaim Katzman sold 1,055,758 shares of the firm’s stock in a transaction dated 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. Company insiders own 12.66% of the company’s stock.
Shares of Regency Centers Corporation (REG) traded up 1.18% during mid-day trading on Thursday, hitting $63.61. The stock had a trading volume of 151,759 shares. The firm’s 50 day moving average price is $63.96 and its 200 day moving average price is $63.95. Regency Centers Corporation has a 1-year low of $58.63 and a 1-year high of $75.15. The company has a market cap of $10.80 billion, a P/E ratio of 105.66 and a beta of 0.56.
Regency Centers Corporation (NYSE:REG) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The company had revenue of $240.42 million during the quarter, compared to the consensus estimate of $248.50 million. Regency Centers Corporation had a return on equity of 2.20% and a net margin of 13.19%. During the same period last year, the business posted $0.81 EPS. Analysts predict that Regency Centers Corporation will post $0.85 earnings per share for the current fiscal year.
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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