KBC Group NV cut its holdings in Regency Centers Corp (NYSE:REG) by 25.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,744 shares of the real estate investment trust’s stock after selling 13,978 shares during the quarter. KBC Group NV’s holdings in Regency Centers were worth $2,888,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. ZWJ Investment Counsel Inc. purchased a new stake in shares of Regency Centers in the fourth quarter valued at approximately $201,000. WINTON GROUP Ltd purchased a new stake in shares of Regency Centers during the third quarter worth approximately $219,000. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Regency Centers during the fourth quarter worth approximately $227,000. Parametrica Management Ltd purchased a new stake in shares of Regency Centers during the fourth quarter worth approximately $229,000. Finally, Conning Inc. purchased a new stake in shares of Regency Centers during the fourth quarter worth approximately $259,000. Institutional investors and hedge funds own 91.58% of the company’s stock.
In other news, insider H Craig Ramey sold 1,400 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $59.11, for a total value of $82,754.00. Following the transaction, the insider now owns 18,337 shares of the company’s stock, valued at approximately $1,083,900.07. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Chaim Katzman sold 204,602 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $64.90, for a total value of $13,278,669.80. The disclosure for this sale can be found here. Insiders have sold 2,349,572 shares of company stock worth $139,303,159 in the last three months. 12.66% of the stock is currently owned by corporate insiders.
Regency Centers Corp (REG) traded down $0.38 during midday trading on Wednesday, reaching $58.82. The company’s stock had a trading volume of 1,173,036 shares, compared to its average volume of 1,184,005. The firm has a market capitalization of $10,097.37, a price-to-earnings ratio of 67.61, a P/E/G ratio of 2.22 and a beta of 0.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.94. Regency Centers Corp has a one year low of $54.87 and a one year high of $70.64.
Regency Centers (NYSE:REG) last released its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.42). The company had revenue of $257.95 million for the quarter, compared to analyst estimates of $257.60 million. Regency Centers had a return on equity of 2.71% and a net margin of 18.16%. During the same period last year, the firm posted $0.86 EPS. equities research analysts predict that Regency Centers Corp will post 3.8 earnings per share for the current fiscal year.
Regency Centers declared that its Board of Directors has approved a stock buyback plan on Thursday, February 8th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.555 per share. The ex-dividend date was Friday, February 16th. This represents a $2.22 dividend on an annualized basis and a yield of 3.77%. This is a positive change from Regency Centers’s previous quarterly dividend of $0.38. Regency Centers’s payout ratio is 255.17%.
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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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