Duality Advisers LP purchased a new position in Regency Centers Corp (NYSE:REG) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 40,820 shares of the real estate investment trust’s stock, valued at approximately $2,755,000.
Several other large investors also recently modified their holdings of REG. Vanguard Group Inc lifted its position in Regency Centers by 2.7% in the third quarter. Vanguard Group Inc now owns 24,822,313 shares of the real estate investment trust’s stock worth $1,605,260,000 after purchasing an additional 653,071 shares during the period. BlackRock Inc. grew its position in shares of Regency Centers by 1.7% in the first quarter. BlackRock Inc. now owns 16,930,814 shares of the real estate investment trust’s stock valued at $1,142,661,000 after purchasing an additional 282,603 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Regency Centers by 6.4% in the first quarter. Principal Financial Group Inc. now owns 6,178,121 shares of the real estate investment trust’s stock valued at $416,958,000 after purchasing an additional 372,002 shares in the last quarter. Geode Capital Management LLC boosted its stake in Regency Centers by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 2,892,742 shares of the real estate investment trust’s stock valued at $169,522,000 after buying an additional 229,816 shares during the period. Finally, Boston Partners boosted its stake in Regency Centers by 2.9% during the first quarter. Boston Partners now owns 2,828,655 shares of the real estate investment trust’s stock valued at $190,906,000 after buying an additional 80,183 shares during the period. Institutional investors and hedge funds own 93.87% of the company’s stock.
REG has been the topic of several research analyst reports. Zacks Investment Research raised Regency Centers from a “sell” rating to a “hold” rating in a report on Monday, March 11th. Citigroup set a $76.00 target price on shares of Regency Centers and gave the company a “buy” rating in a research report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Regency Centers currently has a consensus rating of “Buy” and an average price target of $69.33.
Shares of NYSE:REG traded down $0.02 during trading on Monday, reaching $66.72. 793,700 shares of the company were exchanged, compared to its average volume of 881,022. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 2.50 and a beta of 0.37. The business’s fifty day simple moving average is $67.26. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. Regency Centers Corp has a 12-month low of $55.50 and a 12-month high of $70.26.
Regency Centers (NYSE:REG) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.95 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.01). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The firm had revenue of $286.26 million during the quarter, compared to the consensus estimate of $274.40 million. During the same period last year, the business earned $0.96 earnings per share. On average, sell-side analysts expect that Regency Centers Corp will post 3.78 EPS for the current fiscal year.
Regency Centers Company Profile
Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.
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