PGGM Investments Has $137.93 Million Stake in Regency Centers Corporation (NYSE:REG)

PGGM Investments raised its stake in shares of Regency Centers Corporation (NYSE:REG) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,202,000 shares of the real estate investment trust’s stock after buying an additional 52,000 shares during the period. PGGM Investments owned approximately 1.30% of Regency Centers Corporation worth $137,933,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in REG. Victory Capital Management Inc. acquired a new stake in Regency Centers Corporation during the first quarter valued at approximately $176,000. Baldwin Brothers Inc. MA acquired a new stake in Regency Centers Corporation during the first quarter valued at approximately $189,000. Cleararc Capital Inc. acquired a new stake in Regency Centers Corporation during the first quarter valued at approximately $236,000. Keybank National Association OH acquired a new stake in Regency Centers Corporation during the first quarter valued at approximately $248,000. Finally, Mn Services Vermogensbeheer B.V. raised its stake in Regency Centers Corporation by 51.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,085 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 1,380 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Regency Centers Corporation (REG) traded up 0.91% during midday trading on Friday, reaching $66.73. 1,128,034 shares of the company’s stock were exchanged. Regency Centers Corporation has a 1-year low of $58.63 and a 1-year high of $84.21. The stock has a market cap of $11.33 billion, a P/E ratio of 115.05 and a beta of 0.56. The firm’s 50-day moving average is $63.19 and its 200 day moving average is $65.32.

Regency Centers Corporation (NYSE:REG) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.03. Regency Centers Corporation had a net margin of 13.19% and a return on equity of 2.63%. The firm had revenue of $240.42 million for the quarter, compared to analyst estimates of $248.50 million. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Equities analysts anticipate that Regency Centers Corporation will post $1.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Monday, August 14th. Regency Centers Corporation’s payout ratio is currently 353.34%.

Several brokerages recently commented on REG. TheStreet upgraded shares of Regency Centers Corporation from a “c” rating to a “b-” rating in a research report on Thursday. BidaskClub upgraded shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday. Barclays PLC reduced their price target on shares of Regency Centers Corporation from $73.00 to $71.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and issued a $74.00 price target on shares of Regency Centers Corporation in a research report on Monday, July 17th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $67.00 price target (down previously from $70.00) on shares of Regency Centers Corporation in a research report on Monday, July 10th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Regency Centers Corporation presently has a consensus rating of “Buy” and a consensus price target of $74.18.

In other Regency Centers Corporation news, Director John C. Schweitzer sold 4,000 shares of Regency Centers Corporation stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $61.13, for a total value of $244,520.00. Following the transaction, the director now owns 46,694 shares of the company’s stock, valued at $2,854,404.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider H Craig Ramey sold 1,048 shares of Regency Centers Corporation stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $62.17, for a total transaction of $65,154.16. Following the completion of the transaction, the insider now directly owns 15,769 shares in the company, valued at approximately $980,358.73. The disclosure for this sale can be found here. Insiders own 12.66% of the company’s stock.

About Regency Centers Corporation

Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.