Regency Centers Corp (REG) Stake Lifted by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC grew its position in shares of Regency Centers Corp (NYSE:REG) by 15.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,668 shares of the real estate investment trust’s stock after purchasing an additional 36,907 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.17% of Regency Centers worth $17,537,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC purchased a new position in Regency Centers in the second quarter worth $124,000. Perigon Wealth Management LLC grew its position in Regency Centers by 93.2% in the second 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. Advisor Group Inc. grew its position in Regency Centers by 15.6% in the second 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. Riverhead Capital Management LLC grew its position in Regency Centers by 342.9% in the second 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. Finally, WINTON GROUP Ltd purchased a new position in Regency Centers in the third quarter worth $219,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.
In other news, CAO J Christian Leavitt sold 2,000 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $67.61, for a total transaction of $135,220.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,314 shares of the company’s stock, valued at $967,769.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP James D. Thompson sold 14,983 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $68.45, for a total transaction of $1,025,586.35. Following the transaction, the vice president now directly owns 48,976 shares of the company’s stock, valued at $3,352,407.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,983 shares of company stock valued at $1,344,081. Insiders own 12.66% of the company’s stock.
Regency Centers (NYSE:REG) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. The firm had revenue of $262.14 million during the quarter, compared to the consensus estimate of $254.04 million. Regency Centers had a net margin of 17.59% and a return on equity of 2.82%. During the same period in the prior year, the firm posted $0.81 earnings per share. sell-side analysts predict that Regency Centers Corp will post 3.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, November 14th. Regency Centers’s dividend payout ratio (DPR) is 235.56%.
Several analysts have weighed in on the stock. Jefferies Group set a $69.00 price target on shares of Regency Centers and gave the stock a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Tuesday, November 7th. SunTrust Banks reissued a “buy” rating and issued a $74.00 price target on shares of Regency Centers in a research note on Friday, December 1st. Argus lowered their price target on shares of Regency Centers from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, August 31st. Finally, Robert W. Baird reissued a “buy” rating on shares of Regency Centers in a research note on Friday, November 3rd. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Regency Centers has an average rating of “Hold” and an average target price of $70.77.
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.
Want to see what other hedge funds are holding REG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regency Centers Corp (NYSE:REG).
Receive News & Ratings for Regency Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers and related companies with MarketBeat.com's FREE daily email newsletter.