BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its stake in Regency Centers Corporation (NYSE:REG) by 53.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 35,309 shares of the real estate investment trust’s stock after selling 40,981 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Regency Centers Corporation were worth $2,212,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in REG. Rhumbline Advisers boosted its position in Regency Centers Corporation by 7.1% in the second quarter. Rhumbline Advisers now owns 280,225 shares of the real estate investment trust’s stock valued at $17,553,000 after buying an additional 18,511 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Regency Centers Corporation by 11.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 10,039 shares of the real estate investment trust’s stock valued at $670,000 after buying an additional 1,059 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Regency Centers Corporation by 10.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,478,636 shares of the real estate investment trust’s stock valued at $92,622,000 after buying an additional 145,812 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Regency Centers Corporation by 31.1% in the second quarter. Canada Pension Plan Investment Board now owns 173,624 shares of the real estate investment trust’s stock valued at $10,876,000 after buying an additional 41,226 shares in the last quarter. Finally, Global X Management Co. LLC purchased a new position in Regency Centers Corporation during the second quarter valued at about $179,000. Institutional investors own 88.89% of the company’s stock.
Regency Centers Corporation (REG) opened at 65.75 on Friday. The company has a market cap of $11.16 billion, a PE ratio of 109.22 and a beta of 0.56. Regency Centers Corporation has a one year low of $58.63 and a one year high of $82.44. The firm’s 50-day moving average price is $65.02 and its 200-day moving average price is $64.90.
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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.03. Regency Centers Corporation had a return on equity of 2.20% and a net margin of 13.19%. The company had revenue of $240.42 million for the quarter, compared to the consensus estimate of $248.50 million. During the same quarter in the previous year, the business earned $0.81 EPS. On average, equities research analysts forecast that Regency Centers Corporation will post $0.92 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be issued a dividend of $0.53 per share. The ex-dividend date is Monday, August 14th. This represents a $2.12 dividend on an annualized basis and a yield of 3.22%. Regency Centers Corporation’s dividend payout ratio is presently 353.34%.
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Several equities analysts recently issued reports on REG shares. TheStreet upgraded Regency Centers Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. BidaskClub upgraded Regency Centers Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $74.00 price target on shares of Regency Centers Corporation in a report on Monday, July 17th. Royal Bank Of Canada reiterated a “buy” rating and issued a $70.00 price target on shares of Regency Centers Corporation in a report on Monday, June 19th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $72.00 price target on shares of Regency Centers Corporation in a report on Thursday. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $74.30.
In related news, insider H Craig Ramey sold 1,048 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $62.17, for a total transaction of $65,154.16. Following the transaction, the insider now owns 15,769 shares in the company, valued at approximately $980,358.73. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary Lou Fiala sold 7,775 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $65.74, for a total value of $511,128.50. Following the transaction, the director now owns 17,145 shares in the company, valued at approximately $1,127,112.30. The disclosure for this sale can be found here. 12.66% of the stock is owned by insiders.
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.
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