Knights of Columbus Asset Advisors LLC Sells 21,426 Shares of Regency Centers Corporation $REG

Knights of Columbus Asset Advisors LLC lowered its position in Regency Centers Corporation (NASDAQ:REG) by 43.6% in the third quarter, Holdings Channel.com reports. The fund owned 27,689 shares of the company’s stock after selling 21,426 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Regency Centers were worth $2,019,000 as of its most recent filing with the Securities and Exchange Commission.

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

Regency Centers Price Performance

Shares of Regency Centers stock opened at $72.87 on Friday. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of 33.58, a P/E/G ratio of 2.69 and a beta of 0.93. The firm’s 50-day moving average price is $69.77 and its two-hundred day moving average price is $70.74. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18.

Regency Centers (NASDAQ:REG) last posted its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.15. The company had revenue of $387.57 million during the quarter, compared to analysts’ expectations of $374.83 million. Regency Centers had a net margin of 27.04% and a return on equity of 6.14%. During the same quarter in the previous year, the company posted $1.07 earnings per share. On average, equities analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of Regency Centers stock in a transaction on Monday, November 10th. The stock was sold at an average price of $70.02, for a total value of $1,050,300.00. Following the completion of the transaction, the chairman owned 272,958 shares in the company, valued at approximately $19,112,519.16. The trade was a 5.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Scotiabank lowered their target price on shares of Regency Centers from $78.00 to $76.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 14th. Mizuho restated a “neutral” rating and set a $74.00 price target (down previously from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Jefferies Financial Group set a $79.00 price objective on Regency Centers in a research note on Monday, December 15th. Deutsche Bank Aktiengesellschaft raised Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $76.00 target price (down previously from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Regency Centers presently has an average rating of “Moderate Buy” and a consensus target price of $78.69.

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.