Bank of Montreal Can lowered its position in Regency Centers Corporation (NYSE:REG) by 7.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 196,168 shares of the real estate investment trust’s stock after selling 16,915 shares during the period. Bank of Montreal Can owned approximately 0.12% of Regency Centers Corporation worth $12,288,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. acquired a new stake in shares of Regency Centers Corporation during the first quarter valued at about $176,000. Baldwin Brothers Inc. MA acquired a new stake in shares of Regency Centers Corporation during the first quarter valued at about $189,000. Cleararc Capital Inc. acquired a new stake in shares of Regency Centers Corporation during the first quarter valued at about $236,000. Keybank National Association OH acquired a new stake in shares of Regency Centers Corporation during the first quarter valued at about $248,000. Finally, CIBC World Markets Inc. acquired a new stake in shares of Regency Centers Corporation during the first quarter valued at about $255,000. Hedge funds and other institutional investors own 88.89% of the company’s stock.
Shares of Regency Centers Corporation (REG) traded down 0.29% on Thursday, reaching $65.33. The company’s stock had a trading volume of 949,286 shares. Regency Centers Corporation has a 12-month low of $58.63 and a 12-month high of $82.44. The company’s 50-day moving average is $64.57 and its 200 day moving average is $65.08. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 108.52 and a beta of 0.56.
Regency Centers Corporation (NYSE:REG) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.03. The business had revenue of $240.42 million during the quarter, compared to analysts’ expectations of $248.50 million. Regency Centers Corporation had a return on equity of 2.20% and a net margin of 13.19%. During the same quarter in the prior year, the business posted $0.81 earnings per share. Equities analysts anticipate that Regency Centers Corporation will post $1.13 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 given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Monday, August 14th. Regency Centers Corporation’s payout ratio is 353.34%.
Several equities research analysts have recently issued reports on REG shares. TheStreet raised Regency Centers Corporation from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. BidaskClub raised Regency Centers Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $74.00 target price on shares of Regency Centers Corporation in a research report on Monday, July 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 price objective on shares of Regency Centers Corporation in a report on Monday, June 19th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $73.00 price objective (up previously from $72.00) on shares of Regency Centers Corporation in a report on Monday, July 10th. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $74.91.
In other Regency Centers Corporation news, insider H Craig Ramey sold 1,048 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $62.17, for a total value of $65,154.16. Following the completion of the sale, the insider now owns 15,769 shares in the company, valued at $980,358.73. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 12.66% of the company’s stock.
Regency Centers Corporation Company Profile
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.
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