Balentine LLC Sells 3,575 Shares of Regency Centers Corporation (REG)
Balentine LLC lowered its position in Regency Centers Corporation (NYSE:REG) by 53.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,060 shares of the real estate investment trust’s stock after selling 3,575 shares during the quarter. Balentine LLC’s holdings in Regency Centers were worth $190,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. IHT Wealth Management LLC bought a new stake in shares of Regency Centers during the 2nd quarter worth about $124,000. Perigon Wealth Management LLC boosted its stake in shares of Regency Centers by 93.2% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 1,025 shares in the last quarter. Global X Management Co. LLC bought a new stake in shares of Regency Centers during the 2nd quarter worth about $179,000. Advisor Group Inc. boosted its stake in shares of Regency Centers by 15.6% during the 2nd quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 404 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in shares of Regency Centers by 342.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock worth $194,000 after acquiring an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 92.49% of the company’s stock.
Regency Centers Corporation (NYSE:REG) traded up $0.13 during trading on Monday, reaching $67.58. The company’s stock had a trading volume of 638,900 shares, compared to its average volume of 1,153,507. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $11,496.07, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.28 and a beta of 0.58. Regency Centers Corporation has a 12-month low of $58.63 and a 12-month high of $72.05.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th were issued a $0.53 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.12 annualized dividend and a yield of 3.14%. Regency Centers’s dividend payout ratio (DPR) is 235.56%.
REG has been the subject of several research analyst reports. Robert W. Baird reissued a “buy” rating and set a $72.00 price objective on shares of Regency Centers in a research report on Thursday, August 24th. Zacks Investment Research cut Regency Centers from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. SunTrust Banks reissued a “buy” rating and set a $74.00 price objective on shares of Regency Centers in a research report on Friday, December 1st. Argus cut their price objective on Regency Centers from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, August 31st. Finally, Jefferies Group cut Regency Centers from a “buy” rating to a “hold” rating and cut their price objective for the stock from $74.00 to $67.00 in a research report on Friday, September 15th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Regency Centers presently has a consensus rating of “Hold” and an average price target of $70.59.
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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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