Regency Centers Corp (REG) Stake Cut by Tudor Investment Corp Et Al

Tudor Investment Corp Et Al lowered its position in Regency Centers Corp (NYSE:REG) by 53.9% during the fourth quarter, Holdings Channel reports. The firm owned 4,153 shares of the real estate investment trust’s stock after selling 4,856 shares during the period. Tudor Investment Corp Et Al’s holdings in Regency Centers Corp were worth $286,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Standard Life Investments LTD increased its position in shares of Regency Centers Corp by 1,173.7% in the third quarter. Standard Life Investments LTD now owns 843,566 shares of the real estate investment trust’s stock worth $65,355,000 after buying an additional 777,336 shares during the period. Renaissance Technologies LLC increased its position in shares of Regency Centers Corp by 278.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,019,600 shares of the real estate investment trust’s stock worth $70,301,000 after buying an additional 749,900 shares during the period. Bank of New York Mellon Corp increased its position in shares of Regency Centers Corp by 31.6% in the third quarter. Bank of New York Mellon Corp now owns 3,073,893 shares of the real estate investment trust’s stock worth $238,196,000 after buying an additional 737,772 shares during the period. BlackRock Fund Advisors increased its position in shares of Regency Centers Corp by 10.7% in the third quarter. BlackRock Fund Advisors now owns 5,933,019 shares of the real estate investment trust’s stock worth $459,750,000 after buying an additional 573,886 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in shares of Regency Centers Corp during the fourth quarter worth $31,083,000. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Regency Centers Corp (NYSE:REG)

Shares of Regency Centers Corp (NYSE:REG) opened at 66.77 on Tuesday. The company has a market capitalization of $6.95 billion, a PE ratio of 47.02 and a beta of 0.58. The firm’s 50-day moving average price is $68.54 and its 200 day moving average price is $70.87. Regency Centers Corp has a 1-year low of $61.90 and a 1-year high of $85.35.

Regency Centers Corp (NYSE:REG) last announced its quarterly earnings results on Wednesday, February 8th. The real estate investment trust reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. Regency Centers Corp had a net margin of 25.88% and a return on equity of 8.04%. During the same period in the prior year, the business posted $0.79 earnings per share. Equities analysts predict that Regency Centers Corp will post $0.84 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Friday, February 24th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.06%. This is an increase from Regency Centers Corp’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, February 22nd. Regency Centers Corp’s dividend payout ratio (DPR) is presently 140.85%.

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A number of equities analysts have weighed in on REG shares. Zacks Investment Research raised Regency Centers Corp from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Monday, January 16th. Royal Bank of Canada downgraded Regency Centers Corp from a “top pick” rating to an “outperform” rating and lowered their price target for the stock from $86.00 to $78.00 in a research report on Tuesday, January 3rd. SunTrust Banks, Inc. raised Regency Centers Corp from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Thursday, January 19th. Citigroup Inc reissued a “neutral” rating and set a $72.00 price target on shares of Regency Centers Corp in a research report on Thursday, March 2nd. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $76.00 target price on shares of Regency Centers Corp in a research report on Tuesday, January 17th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Regency Centers Corp has an average rating of “Hold” and an average price target of $76.45.

In other Regency Centers Corp news, insider H Craig Ramey sold 3,000 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $62.80, for a total value of $188,400.00. Following the completion of the transaction, the insider now directly owns 17,567 shares of the company’s stock, valued at approximately $1,103,207.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bryce Blair purchased 1,486 shares of the business’s stock in a transaction on Thursday, December 22nd. The stock was purchased at an average cost of $66.92 per share, with a total value of $99,443.12. Following the completion of the acquisition, the director now owns 4,084 shares in the company, valued at $273,301.28. The disclosure for this purchase can be found here. 1.80% of the stock is owned by company insiders.

Regency Centers Corp Company Profile

Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers, L.P. (Operating Partnership). The Company’s operating, investing and financing activities are performed through the Operating Partnership, its subsidiaries and through its co-investment partnerships.

5 Day Chart for NYSE:REG

Want to see what other hedge funds are holding REG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regency Centers Corp (NYSE:REG).

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