Regency Centers Corporation (REG) Position Lowered by Amica Mutual Insurance Co.
Amica Mutual Insurance Co. reduced its stake in Regency Centers Corporation (NYSE:REG) by 17.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,623 shares of the real estate investment trust’s stock after selling 10,107 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Regency Centers Corporation were worth $2,955,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. IHT Wealth Management LLC bought a new stake in shares of Regency Centers Corporation during the second quarter valued at approximately $124,000. Perigon Wealth Management LLC grew its holdings in Regency Centers Corporation by 93.2% during the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 1,025 shares in the last quarter. Global X Management Co. LLC bought a new stake in Regency Centers Corporation during the second quarter worth $179,000. Advisor Group Inc. grew its holdings in Regency Centers Corporation by 15.6% during the second quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 404 shares in the last quarter. Finally, Riverhead Capital Management LLC grew its holdings in Regency Centers Corporation by 342.9% during the second quarter. Riverhead Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 2,400 shares in the last quarter. 92.24% of the stock is currently owned by hedge funds and other institutional investors.
In other Regency Centers Corporation news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $64.30, for a total value of $67,885,239.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 12.66% of the stock is owned by corporate insiders.
Shares of Regency Centers Corporation (NYSE REG) traded down $0.14 on Friday, reaching $67.67. The company had a trading volume of 531,100 shares, compared to its average volume of 1,170,875. The stock has a market cap of $11,511.38, a PE ratio of 18.59, a price-to-earnings-growth ratio of 2.26 and a beta of 0.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.63. Regency Centers Corporation has a twelve month low of $58.63 and a twelve month high of $72.05.
Regency Centers Corporation (NYSE:REG) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The business had revenue of $262.14 million for the quarter, compared to analysts’ expectations of $254.04 million. Regency Centers Corporation had a return on equity of 2.82% and a net margin of 17.59%. During the same quarter in the prior year, the firm posted $0.81 EPS. research analysts predict that Regency Centers Corporation will post 3.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.53 per share. The ex-dividend date is Tuesday, November 14th. This represents a $2.12 dividend on an annualized basis and a yield of 3.13%. Regency Centers Corporation’s dividend payout ratio (DPR) is 235.56%.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Regency Centers Corporation from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Tuesday, November 7th. Boenning Scattergood reissued a “hold” rating on shares of Regency Centers Corporation in a research report on Monday, November 6th. Robert W. Baird reissued a “buy” rating on shares of Regency Centers Corporation in a research report on Friday, November 3rd. Finally, Jefferies Group LLC cut Regency Centers Corporation from a “buy” rating to a “hold” rating and cut their price objective for the stock from $74.00 to $67.00 in a research report on Friday, September 15th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Regency Centers Corporation has an average rating of “Buy” and an average price target of $70.86.
About Regency Centers Corporation
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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