JPMorgan Chase & Co. decreased its holdings in Regency Centers Corp (NYSE:REG) by 9.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,436,138 shares of the real estate investment trust’s stock after selling 264,712 shares during the quarter. JPMorgan Chase & Co.’s holdings in Regency Centers were worth $164,415,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Quadrant Capital Group LLC raised its position in shares of Regency Centers by 398.4% during the first quarter. Quadrant Capital Group LLC now owns 623 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 498 shares during the last quarter. Enlightenment Research LLC bought a new stake in shares of Regency Centers during the fourth quarter worth $47,000. Bessemer Group Inc. raised its position in shares of Regency Centers by 367.9% during the fourth quarter. Bessemer Group Inc. now owns 2,171 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 1,707 shares during the last quarter. ETF Managers Group LLC raised its position in shares of Regency Centers by 18.9% during the fourth quarter. ETF Managers Group LLC now owns 2,268 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 360 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Regency Centers during the first quarter worth $146,000. Hedge funds and other institutional investors own 93.87% of the company’s stock.
In other Regency Centers news, insider H Craig Ramey sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $66.90, for a total value of $66,900.00. Following the completion of the transaction, the insider now directly owns 16,976 shares of the company’s stock, valued at $1,135,694.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP James D. Thompson sold 14,000 shares of the business’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 transaction, the vice president now directly owns 63,249 shares of the company’s stock, valued at $4,190,878.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,941 shares of company stock valued at $6,700,525. Insiders own 1.10% of the company’s stock.
Shares of Regency Centers stock opened at $66.39 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. Regency Centers Corp has a 12 month low of $55.50 and a 12 month high of $69.01. The firm has a market cap of $11.14 billion, a P/E ratio of 17.99, a P/E/G ratio of 2.50 and a beta of 0.37.
Regency Centers (NYSE:REG) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The company had revenue of $286.26 million for the quarter, compared to analyst estimates of $274.40 million. During the same period last year, the firm earned $0.96 earnings per share. As a group, equities research analysts anticipate that Regency Centers Corp will post 3.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th will be paid a $0.585 dividend. This represents a $2.34 dividend on an annualized basis and a yield of 3.52%. This is a boost from Regency Centers’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, May 10th. Regency Centers’s payout ratio is presently 63.41%.
A number of equities research analysts have recently weighed in on REG shares. SunTrust Banks restated a “buy” rating and set a $70.00 target price on shares of Regency Centers in a research report on Friday, February 22nd. Barclays upgraded Regency Centers from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $63.00 to $69.00 in a research report on Monday, February 4th. Zacks Investment Research downgraded Regency Centers from a “hold” rating to a “sell” rating in a research report on Monday, March 18th. Citigroup set a $75.00 target price on Regency Centers and gave the stock a “buy” rating in a research report on Friday, February 22nd. Finally, BMO Capital Markets set a $64.00 target price on Regency Centers and gave the stock a “hold” rating in a research report on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Regency Centers presently has a consensus 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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