Advisor Group Holdings Inc. reduced its position in shares of Regency Centers Corp (NYSE:REG) by 23.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,665 shares of the real estate investment trust’s stock after selling 826 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Regency Centers were worth $122,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Fort Washington Investment Advisors Inc. OH raised its position in Regency Centers by 1.9% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 16,500 shares of the real estate investment trust’s stock valued at $757,000 after buying an additional 300 shares during the last quarter. ETF Managers Group LLC raised its holdings in shares of Regency Centers by 11.4% in the first quarter. ETF Managers Group LLC now owns 3,993 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 408 shares during the last quarter. Raymond James & Associates lifted its position in shares of Regency Centers by 0.6% in the second quarter. Raymond James & Associates now owns 90,967 shares of the real estate investment trust’s stock worth $4,174,000 after purchasing an additional 554 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Regency Centers by 478.8% during the second quarter. First Horizon Advisors Inc. now owns 683 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 565 shares during the last quarter. Finally, M&T Bank Corp lifted its position in Regency Centers by 4.0% during the 2nd quarter. M&T Bank Corp now owns 15,364 shares of the real estate investment trust’s stock worth $703,000 after buying an additional 584 shares in the last quarter. Institutional investors and hedge funds own 93.87% of the company’s stock.
Several equities analysts have recently weighed in on REG shares. Citigroup raised their price objective on Regency Centers from $38.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Deutsche Bank cut Regency Centers from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $56.00 to $44.00 in a research note on Monday, July 27th. SunTrust Banks cut their target price on shares of Regency Centers from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Compass Point cut shares of Regency Centers from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $50.00 to $45.00 in a research report on Wednesday, August 19th. They noted that the move was a valuation call. Finally, BMO Capital Markets began coverage on shares of Regency Centers in a report on Tuesday, July 21st. They issued a “hold” rating and a $43.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.23.
In other Regency Centers news, Director H Craig Ramey sold 1,750 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $41.52, for a total transaction of $72,660.00. Following the completion of the sale, the director now directly owns 17,560 shares in the company, valued at approximately $729,091.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
REG stock traded down $0.86 during trading on Friday, hitting $39.58. The company had a trading volume of 665,742 shares, compared to its average volume of 1,384,204. The stock has a market cap of $6.72 billion, a PE ratio of 10.73, a PEG ratio of 2.50 and a beta of 0.37. The business has a 50-day moving average of $39.79 and a 200-day moving average of $41.37. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. Regency Centers Corp has a one year low of $31.80 and a one year high of $70.13.
Regency Centers (NYSE:REG) last posted its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.67). Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. During the same quarter in the prior year, the business earned $0.95 earnings per share. Research analysts forecast that Regency Centers Corp will post 3.78 EPS for the current year.
About Regency Centers
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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