Mitsubishi UFJ Trust & Banking Corp Trims Stock Holdings in Regency Centers Corporation $REG

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 40.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,260 shares of the company’s stock after selling 46,772 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Regency Centers were worth $5,122,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of Regency Centers by 15.4% in the first quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock worth $4,701,000 after acquiring an additional 8,563 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Regency Centers by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock valued at $1,099,000 after acquiring an additional 557 shares during the period. Empowered Funds LLC grew its stake in Regency Centers by 9.6% during the first quarter. Empowered Funds LLC now owns 5,856 shares of the company’s stock valued at $432,000 after acquiring an additional 511 shares in the last quarter. Jane Street Group LLC lifted its stake in Regency Centers by 81.5% in the 1st quarter. Jane Street Group LLC now owns 8,247 shares of the company’s stock worth $608,000 after purchasing an additional 3,702 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of Regency Centers by 47.6% in the first quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock worth $1,476,000 after purchasing an additional 6,451 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the completion of the transaction, the chairman owned 272,958 shares of the company’s stock, valued at $19,112,519.16. This represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

REG has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Regency Centers in a research report on Monday, December 29th. Jefferies Financial Group set a $79.00 price objective on shares of Regency Centers in a research report on Monday, December 15th. Barclays upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $83.00 to $82.00 in a research report on Tuesday, November 18th. Morgan Stanley restated an “overweight” rating and set a $85.00 price objective on shares of Regency Centers in a research report on Monday, January 5th. Finally, Royal Bank Of Canada upgraded shares of Regency Centers to a “sector perform” rating in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.69.

Regency Centers Stock Performance

NASDAQ REG opened at $71.98 on Friday. The company has a 50-day simple moving average of $69.73 and a two-hundred day simple moving average of $70.72. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $78.18. The firm has a market cap of $13.17 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 2.63 and a beta of 0.93. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.72.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.15. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.The business had revenue of $387.57 million for the quarter, compared to analyst estimates of $374.83 million. During the same period last year, the company earned $1.07 EPS. On average, equities analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.