New Mexico Educational Retirement Board decreased its stake in shares of Regency Centers Corporation (NYSE:REG) by 3.4% during the second quarter, Holdings Channel reports. The institutional investor owned 34,125 shares of the real estate investment trust’s stock after selling 1,200 shares during the period. New Mexico Educational Retirement Board’s holdings in Regency Centers Corporation were worth $2,260,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Regency Centers Corporation during the first quarter valued at about $8,398,000. Guyasuta Investment Advisors Inc. acquired a new stake in shares of Regency Centers Corporation during the first quarter valued at about $2,446,000. Credit Agricole S A boosted its stake in shares of Regency Centers Corporation by 44.1% in the first quarter. Credit Agricole S A now owns 147,540 shares of the real estate investment trust’s stock valued at $9,796,000 after buying an additional 45,164 shares in the last quarter. Ranger Global Real Estate Advisors LLC acquired a new stake in shares of Regency Centers Corporation during the first quarter valued at about $9,748,000. Finally, DnB Asset Management AS acquired a new stake in shares of Regency Centers Corporation during the first quarter valued at about $716,000. 89.37% of the stock is owned by institutional investors.
Regency Centers Corporation (NYSE:REG) opened at 66.41 on Friday. Regency Centers Corporation has a one year low of $58.63 and a one year high of $82.44. The stock has a 50 day moving average of $64.13 and a 200 day moving average of $65.25. The firm has a market capitalization of $11.32 billion, a price-to-earnings ratio of 110.32 and a beta of 0.56.
Regency Centers Corporation (NYSE:REG) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.03. The business had revenue of $240.42 million during the quarter, compared to the consensus estimate of $248.50 million. Regency Centers Corporation had a net margin of 13.19% and a return on equity of 2.20%. During the same period in the previous year, the firm posted $0.81 earnings per share. Analysts forecast that Regency Centers Corporation will post $1.43 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $2.12 dividend on an annualized basis and a yield of 3.19%. Regency Centers Corporation’s payout ratio is 353.34%.
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Several analysts have recently weighed in on the stock. Jefferies Group LLC raised shares of Regency Centers Corporation from a “hold” rating to a “buy” rating and increased their price target for the company from $72.00 to $74.00 in a research note on Friday, June 16th. Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 price target on shares of Regency Centers Corporation in a research note on Monday, June 19th. Citigroup Inc. reissued a “neutral” rating and issued a $67.00 price target (down previously from $70.00) on shares of Regency Centers Corporation in a research note on Monday, July 10th. BidaskClub raised shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Barclays PLC reissued an “equal weight” rating and issued a $73.00 price target (up previously from $72.00) on shares of Regency Centers Corporation in a research note on Monday, July 10th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $74.18.
In related news, Director John C. Schweitzer sold 4,000 shares of the business’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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider H Craig Ramey sold 1,048 shares of the business’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 currently owned by 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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