Envestnet Asset Management Inc. Has $5,304,000 Position in Regency Centers Corporation (REG)
Envestnet Asset Management Inc. increased its position in shares of Regency Centers Corporation (NYSE:REG) by 578.8% during the fourth quarter, Holdings Channel reports. The fund owned 76,928 shares of the real estate investment trust’s stock after buying an additional 65,595 shares during the period. Envestnet Asset Management Inc. owned about 0.07% of Regency Centers Corporation worth $5,304,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC raised its stake in Regency Centers Corporation by 161.4% in the third quarter. Riverhead Capital Management LLC now owns 2,300 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 1,420 shares during the last quarter. Tyers Asset Management LLC bought a new stake in Regency Centers Corporation during the fourth quarter worth approximately $230,000. Pacad Investment Ltd. bought a new stake in Regency Centers Corporation during the fourth quarter worth approximately $241,000. Hartford Investment Management Co. bought a new stake in Regency Centers Corporation during the third quarter worth approximately $243,000. Finally, Quantbot Technologies LP raised its stake in Regency Centers Corporation by 15.1% in the third quarter. Quantbot Technologies LP now owns 3,246 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 425 shares during the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.
Shares of Regency Centers Corporation (NYSE:REG) traded up 0.40% on Thursday, reaching $69.52. The company’s stock had a trading volume of 543,939 shares. Regency Centers Corporation has a 52-week low of $65.16 and a 52-week high of $85.35. The stock has a 50-day moving average of $69.67 and a 200 day moving average of $72.92. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 48.96 and a beta of 0.58.
Regency Centers Corporation (NYSE:REG) last released its quarterly earnings results on Wednesday, February 8th. The real estate investment trust reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. Regency Centers Corporation had a return on equity of 8.04% and a net margin of 25.88%. During the same quarter last year, the firm earned $0.79 EPS. On average, equities research analysts forecast that Regency Centers Corporation will post $1.59 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Friday, February 24th will be given a dividend of $0.51 per share. The ex-dividend date is Wednesday, February 22nd. This is a positive change from Regency Centers Corporation’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 2.93%. Regency Centers Corporation’s payout ratio is currently 140.85%.
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A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Regency Centers Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, January 17th. Jefferies Group LLC reissued a “hold” rating on shares of Regency Centers Corporation in a research report on Wednesday, November 9th. SunTrust Banks, Inc. raised Regency Centers Corporation from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Thursday, January 19th. Argus raised Regency Centers Corporation from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Monday, December 12th. They noted that the move was a valuation call. Finally, TheStreet raised Regency Centers Corporation from a “c+” rating to a “b-” rating in a research report on Tuesday, January 17th. Eight investment 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 currently has a consensus rating of “Buy” and an average price target of $78.83.
In other news, Director Bryce Blair purchased 1,486 shares of the company’s stock in a transaction that occurred on Thursday, December 22nd. The shares were bought at an average cost of $66.92 per share, for a total transaction of $99,443.12. Following the completion of the transaction, the director now directly owns 4,084 shares of the company’s stock, valued at approximately $273,301.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.
Regency Centers Corporation Company Profile
Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers, L.P. (Operating Partnership). The Company’s operating, investing and financing activities are performed through the Operating Partnership, its subsidiaries and through its co-investment partnerships.
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