Timbercreek Investment Management Inc. cut its holdings in shares of Regency Centers Corp (NYSE:REG) by 97.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,600 shares of the real estate investment trust’s stock after selling 206,468 shares during the period. Timbercreek Investment Management Inc.’s holdings in Regency Centers were worth $329,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Point72 Hong Kong Ltd bought a new stake in shares of Regency Centers during the third quarter worth about $106,000. HRT Financial LLC bought a new stake in shares of Regency Centers during the second quarter worth about $210,000. Mackenzie Financial Corp increased its position in shares of Regency Centers by 22.7% during the third quarter. Mackenzie Financial Corp now owns 4,483 shares of the real estate investment trust’s stock worth $290,000 after acquiring an additional 829 shares in the last quarter. First Hawaiian Bank bought a new stake in shares of Regency Centers during the third quarter worth about $294,000. Finally, Federated Investors Inc. PA bought a new stake in shares of Regency Centers during the second quarter worth about $318,000. 93.87% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on the stock. Citigroup raised shares of Regency Centers from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $67.00 to $74.00 in a research report on Friday, September 14th. BMO Capital Markets reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Regency Centers in a research report on Tuesday, September 25th. SunTrust Banks reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Regency Centers in a research report on Monday, November 19th. Morgan Stanley set a $71.00 price objective on shares of Regency Centers and gave the stock a “buy” rating in a research report on Thursday, October 11th. Finally, Royal Bank of Canada downgraded shares of Regency Centers from a “top pick” rating to an “outperform” rating and set a $62.30 price objective for the company. in a research report on Friday, December 14th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $68.57.

REG traded up $0.05 during midday trading on Friday, reaching $59.61. The company had a trading volume of 52,188 shares, compared to its average volume of 1,166,637. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. The stock has a market cap of $11.02 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 2.50 and a beta of 0.37. Regency Centers Corp has a 12-month low of $54.87 and a 12-month high of $66.86.

Regency Centers (NYSE:REG) last released its earnings results on Thursday, October 25th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.03. The firm had revenue of $278.31 million for the quarter, compared to analysts’ expectations of $267.51 million. Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. As a group, sell-side analysts anticipate that Regency Centers Corp will post 3.78 earnings per share for the current year.

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Regency Centers Profile

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.

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Institutional Ownership by Quarter for Regency Centers (NYSE:REG)

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