Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Regency Centers Corp (NYSE:REG) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 46,789 shares of the real estate investment trust’s stock after acquiring an additional 1,595 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Regency Centers were worth $3,231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of REG. Perigon Wealth Management LLC lifted its holdings in Regency Centers by 93.2% in the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 1,025 shares during the last quarter. Advisor Group Inc. lifted its holdings in Regency Centers by 15.6% in the second 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 during the last quarter. ZWJ Investment Counsel Inc. bought a new position in Regency Centers in the fourth quarter worth about $201,000. WINTON GROUP Ltd bought a new position in Regency Centers in the third quarter worth about $219,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in Regency Centers in the fourth quarter worth about $227,000. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

In related 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 sale, 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 filing with the SEC, which is available through the SEC website. Also, Vice Chairman Chaim Katzman sold 257,076 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $64.33, for a total value of $16,537,699.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 598,762 shares of company stock worth $38,701,922. Corporate insiders own 12.66% of the company’s stock.

REG has been the topic of a number of recent research reports. Boenning Scattergood reissued a “hold” rating on shares of Regency Centers in a report on Monday, November 6th. TheStreet cut shares of Regency Centers from a “b-” rating to a “c” rating in a report on Thursday. Jefferies Group set a $71.00 target price on shares of Regency Centers and gave the stock a “hold” rating in a report on Friday, January 12th. Zacks Investment Research cut shares of Regency Centers from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, BTIG Research raised shares of Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Monday, January 29th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Regency Centers presently has a consensus rating of “Buy” and an average target price of $71.29.

Shares of Regency Centers Corp (REG) opened at $56.70 on Friday. The firm has a market capitalization of $9,645.24, a P/E ratio of 15.32, a PEG ratio of 1.88 and a beta of 0.43. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. Regency Centers Corp has a twelve month low of $55.03 and a twelve month high of $72.05.

Regency Centers (NYSE:REG) last released its quarterly earnings results 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 business had revenue of $257.95 million for the quarter, compared to the consensus estimate of $257.60 million. Regency Centers had a net margin of 18.16% and a return on equity of 2.72%. During the same period last year, the firm posted $0.86 EPS. sell-side analysts forecast that Regency Centers Corp will post 3.51 EPS for the current year.

Regency Centers announced that its Board of Directors has approved a stock buyback program on Thursday, February 8th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.555 per share. This represents a dividend yield of 0.00978835978835979%. The ex-dividend date is Friday, February 16th. This is a boost from Regency Centers’s previous dividend of $0.38. Regency Centers’s payout ratio is 243.68%.

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About Regency Centers

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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Institutional Ownership by Quarter for Regency Centers (NYSE:REG)

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