Royal London Asset Management Ltd. lowered its stake in shares of Regency Centers Corp (NYSE:REG) by 9.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 56,487 shares of the real estate investment trust’s stock after selling 5,583 shares during the period. Royal London Asset Management Ltd.’s holdings in Regency Centers were worth $3,653,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake in shares of Regency Centers by 12.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 24,687 shares of the real estate investment trust’s stock valued at $1,533,000 after purchasing an additional 2,647 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Regency Centers by 43.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 83,964 shares of the real estate investment trust’s stock valued at $5,212,000 after purchasing an additional 25,373 shares during the period. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Regency Centers by 59.8% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 13,100 shares of the real estate investment trust’s stock valued at $813,000 after purchasing an additional 4,900 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Regency Centers in the 2nd quarter valued at approximately $239,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Regency Centers in the 2nd quarter valued at approximately $107,000. Hedge funds and other institutional investors own 93.87% of the company’s stock.
A number of equities research analysts recently commented on the company. Citigroup increased their price target on Regency Centers from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, August 17th. ValuEngine upgraded Regency Centers from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Barclays restated a “hold” rating and set a $63.00 price target on shares of Regency Centers in a research report on Sunday, October 14th. BMO Capital Markets restated a “hold” rating and set a $62.00 price target on shares of Regency Centers in a research report on Thursday, August 2nd. Finally, Deutsche Bank upgraded Regency Centers from a “hold” rating to a “buy” rating and increased their price target for the stock from $70.00 to $72.00 in a research report on Tuesday, August 28th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Regency Centers currently has a consensus rating of “Buy” and a consensus price target of $69.30.
Regency Centers (NYSE:REG) last announced its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.41 EPS 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 analyst estimates of $267.51 million. Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. Analysts forecast that Regency Centers Corp will post 3.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 14th will be given a $0.555 dividend. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $2.22 dividend on an annualized basis and a yield of 3.54%. Regency Centers’s payout ratio is 60.16%.
In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 2,095 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $65.81, for a total value of $137,871.95. Following the transaction, the insider now directly owns 2,086 shares in the company, valued at approximately $137,279.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.
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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