Rafferty Asset Management LLC lessened its holdings in Regency Centers Corp (NYSE:REG) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,524 shares of the real estate investment trust’s stock after selling 4,317 shares during the quarter. Rafferty Asset Management LLC’s holdings in Regency Centers were worth $2,685,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of REG. Millennium Management LLC lifted its holdings in shares of Regency Centers by 120.3% during the second quarter. Millennium Management LLC now owns 2,487,328 shares of the real estate investment trust’s stock worth $154,413,000 after purchasing an additional 1,358,035 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Regency Centers by 181.1% during the third quarter. Alliancebernstein L.P. now owns 2,102,264 shares of the real estate investment trust’s stock worth $135,953,000 after purchasing an additional 1,354,319 shares during the period. BlackRock Inc. lifted its holdings in shares of Regency Centers by 7.6% during the third quarter. BlackRock Inc. now owns 16,535,804 shares of the real estate investment trust’s stock worth $1,069,372,000 after purchasing an additional 1,163,234 shares during the period. Centersquare Investment Management LLC lifted its holdings in shares of Regency Centers by 53.0% during the second quarter. Centersquare Investment Management LLC now owns 3,258,097 shares of the real estate investment trust’s stock worth $202,263,000 after purchasing an additional 1,129,162 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Regency Centers by 31.7% during the third quarter. Daiwa Securities Group Inc. now owns 4,292,020 shares of the real estate investment trust’s stock worth $277,565,000 after purchasing an additional 1,032,217 shares during the period. 93.87% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on the company. SunTrust Banks reissued a “buy” rating and issued a $69.00 price target on shares of Regency Centers in a report on Monday, November 19th. BMO Capital Markets reissued a “hold” rating and issued a $62.00 price target on shares of Regency Centers in a report on Thursday, August 2nd. Citigroup boosted their price target on Regency Centers from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, August 17th. Deutsche Bank raised Regency Centers from a “hold” rating to a “buy” rating and boosted their price target for the company from $70.00 to $72.00 in a report on Tuesday, August 28th. Finally, Scotiabank assumed coverage on Regency Centers in a report on Tuesday, October 16th. They issued a “sector perform” rating for the company. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $69.30.
Regency Centers stock opened at $62.77 on Monday. The company has a market capitalization of $11.02 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. Regency Centers Corp has a 12 month low of $54.87 and a 12 month high of $70.64. 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 (NYSE:REG) last posted 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 business had revenue of $278.31 million during the quarter, compared to analysts’ expectations of $267.51 million. Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. As a group, equities analysts predict that Regency Centers Corp will post 3.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 14th will be given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Tuesday, November 13th. Regency Centers’s dividend payout ratio (DPR) is presently 60.16%.
Regency Centers Company 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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