Regency Centers Corporation (REG) Shares Bought by RBO & Co. LLC
RBO & Co. LLC boosted its position in Regency Centers Corporation (NYSE:REG) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,595 shares of the real estate investment trust’s stock after buying an additional 459 shares during the period. Regency Centers Corporation comprises 2.1% of RBO & Co. LLC’s portfolio, making the stock its 23rd largest position. RBO & Co. LLC owned 0.07% of Regency Centers Corporation worth $7,930,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of REG. Victory Capital Management Inc. bought a new position in Regency Centers Corporation during the first quarter worth about $176,000. Global X Management Co. LLC bought a new position in Regency Centers Corporation during the second quarter worth about $179,000. Parametrica Management Ltd bought a new position in Regency Centers Corporation during the second quarter worth about $222,000. Pacer Advisors Inc. raised its position in Regency Centers Corporation by 8.5% in the second quarter. Pacer Advisors Inc. now owns 3,682 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 290 shares in the last quarter. Finally, Cleararc Capital Inc. bought a new position in Regency Centers Corporation during the first quarter worth about $236,000. Institutional investors and hedge funds own 91.52% of the company’s stock.
Shares of Regency Centers Corporation (REG) traded down 0.09% during midday trading on Wednesday, hitting $63.32. The stock had a trading volume of 541,726 shares. The firm has a 50 day moving average of $65.02 and a 200-day moving average of $64.90. The company has a market cap of $10.75 billion, a P/E ratio of 105.18 and a beta of 0.56. Regency Centers Corporation has a one year low of $58.63 and a one year high of $82.44.
Regency Centers Corporation (NYSE:REG) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.03. Regency Centers Corporation had a net margin of 13.19% and a return on equity of 2.20%. The company had revenue of $240.42 million during the quarter, compared to the consensus estimate of $248.50 million. During the same period in the previous year, the firm posted $0.81 earnings per share. On average, analysts forecast that Regency Centers Corporation will post $0.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Monday, August 14th. Regency Centers Corporation’s dividend payout ratio is presently 353.34%.
REG has been the topic of a number of research reports. Jefferies Group LLC raised Regency Centers Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $72.00 to $74.00 in a report on Friday, June 16th. Citigroup Inc. reissued a “neutral” rating and set a $67.00 price target (down previously from $70.00) on shares of Regency Centers Corporation in a report on Monday, July 10th. Royal Bank Of Canada reissued a “buy” rating and set a $70.00 price target on shares of Regency Centers Corporation in a report on Monday, June 19th. Robert W. Baird reissued a “buy” rating and set a $72.00 price target on shares of Regency Centers Corporation in a report on Thursday, August 24th. Finally, BidaskClub raised Regency Centers Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Regency Centers Corporation currently has an average rating of “Buy” and an average price target of $74.30.
In other news, Director Mary Lou Fiala sold 7,775 shares of Regency Centers Corporation stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $65.74, for a total transaction of $511,128.50. Following the completion of the sale, the director now owns 17,145 shares in the company, valued at approximately $1,127,112.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider H Craig Ramey sold 1,048 shares of Regency Centers Corporation stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $62.17, for a total transaction of $65,154.16. Following the sale, the insider now owns 15,769 shares of the company’s stock, valued at approximately $980,358.73. The disclosure for this sale can be found here. Insiders own 12.66% of the company’s stock.
Regency Centers Corporation Company Profile
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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