Boston Partners boosted its holdings in shares of Regency Centers Corp (NYSE:REG) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,702,234 shares of the real estate investment trust’s stock after buying an additional 99,819 shares during the period. Boston Partners owned approximately 1.59% of Regency Centers worth $186,941,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the stock. Ameriprise Financial Inc. increased its position in Regency Centers by 0.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 226,631 shares of the real estate investment trust’s stock worth $14,197,000 after purchasing an additional 1,669 shares during the last quarter. FMR LLC boosted its stake in shares of Regency Centers by 3,011.1% during the 2nd quarter. FMR LLC now owns 1,541,911 shares of the real estate investment trust’s stock worth $96,585,000 after acquiring an additional 1,492,349 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of Regency Centers by 15.6% during the 2nd quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 404 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Regency Centers by 42.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 251,629 shares of the real estate investment trust’s stock worth $15,762,000 after acquiring an additional 75,538 shares in the last quarter. Finally, Numeric Investors LLC bought a new stake in shares of Regency Centers during the 2nd quarter worth about $940,000. 92.11% of the stock is currently owned by hedge funds and other institutional investors.
In other Regency Centers news, VP James D. Thompson sold 14,983 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $68.45, for a total transaction of $1,025,586.35. Following the transaction, the vice president now owns 48,976 shares of the company’s stock, valued at $3,352,407.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Chaim Katzman sold 52,771 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $64.14, for a total value of $3,384,731.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 598,762 shares of company stock worth $38,701,922. 12.66% of the stock is owned by company insiders.
Regency Centers Corp (NYSE:REG) traded up $1.12 during trading hours on Friday, hitting $56.70. The stock had a trading volume of 1,468,567 shares, compared to its average volume of 1,105,354. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $9,645.24, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.88 and a beta of 0.43. Regency Centers Corp has a 1-year low of $55.03 and a 1-year high of $72.05.
Regency Centers (NYSE:REG) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.42). Regency Centers had a return on equity of 2.72% and a net margin of 18.16%. The business had revenue of $257.95 million for the quarter, compared to the consensus estimate of $257.60 million. During the same quarter in the prior year, the firm posted $0.86 earnings per share. sell-side analysts predict that Regency Centers Corp will post 3.51 earnings per share for the current year.
Regency Centers announced that its Board of Directors has initiated a share repurchase program on Thursday, February 8th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently announced a dividend, which will be paid on Friday, March 2nd. Investors of record on Tuesday, February 20th will be given a $0.555 dividend. The ex-dividend date is Friday, February 16th. This represents a dividend yield of 0.00978835978835979%. This is an increase from Regency Centers’s previous dividend of $0.38. Regency Centers’s payout ratio is currently 243.68%.
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Regency Centers 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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