Northwestern Mutual Wealth Management Co. Acquires 194 Shares of Regency Centers Corp (NYSE:REG)

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Northwestern Mutual Wealth Management Co. raised its holdings in shares of Regency Centers Corp (NYSE:REG) by 14.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,519 shares of the real estate investment trust’s stock after purchasing an additional 194 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Regency Centers were worth $103,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Utah Retirement Systems increased its stake in Regency Centers by 0.6% during the fourth quarter. Utah Retirement Systems now owns 33,162 shares of the real estate investment trust’s stock valued at $1,946,000 after purchasing an additional 200 shares during the last quarter. ETF Managers Group LLC increased its stake in Regency Centers by 9.0% during the first quarter. ETF Managers Group LLC now owns 2,473 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 205 shares during the last quarter. Advisor Partners LLC increased its stake in Regency Centers by 4.6% during the first quarter. Advisor Partners LLC now owns 4,975 shares of the real estate investment trust’s stock valued at $336,000 after purchasing an additional 218 shares during the last quarter. Advisor Group Inc. increased its stake in Regency Centers by 4.6% during the fourth quarter. Advisor Group Inc. now owns 4,997 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 219 shares during the last quarter. Finally, Conning Inc. increased its stake in Regency Centers by 5.5% during the first quarter. Conning Inc. now owns 4,221 shares of the real estate investment trust’s stock valued at $285,000 after purchasing an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 93.87% of the company’s stock.

In related news, VP James D. Thompson sold 14,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $66.26, for a total value of $927,640.00. Following the completion of the sale, the vice president now owns 63,249 shares of the company’s stock, valued at $4,190,878.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider H Craig Ramey sold 1,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $66.90, for a total transaction of $66,900.00. Following the completion of the sale, the insider now directly owns 16,976 shares of the company’s stock, valued at $1,135,694.40. The disclosure for this sale can be found here. Insiders sold 16,658 shares of company stock valued at $1,102,559 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Regency Centers stock opened at $68.51 on Friday. The stock has a market cap of $11.05 billion, a PE ratio of 18.57, a PEG ratio of 2.50 and a beta of 0.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87. Regency Centers Corp has a one year low of $55.50 and a one year high of $69.01.

Regency Centers (NYSE:REG) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.95 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.01). The firm had revenue of $286.26 million for the quarter, compared to the consensus estimate of $274.40 million. Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. During the same quarter in the prior year, the company posted $0.96 EPS. Equities research analysts predict that Regency Centers Corp will post 3.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Monday, May 13th were issued a $0.585 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.34 annualized dividend and a yield of 3.42%. This is an increase from Regency Centers’s previous quarterly dividend of $0.38. Regency Centers’s dividend payout ratio is presently 63.41%.

REG has been the subject of several recent research reports. BMO Capital Markets set a $64.00 target price on shares of Regency Centers and gave the company a “hold” rating in a research note on Thursday, February 14th. Zacks Investment Research upgraded shares of Regency Centers from a “sell” rating to a “hold” rating in a research note on Monday, March 11th. Citigroup set a $75.00 target price on shares of Regency Centers and gave the company a “buy” rating in a research note on Friday, February 22nd. Finally, SunTrust Banks reiterated a “buy” rating and set a $70.00 target price on shares of Regency Centers in a research note on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $69.33.

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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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