Royal Fund Management LLC Invests $44,000 in Regency Centers Corp (NYSE:REG)

Royal Fund Management LLC acquired a new stake in Regency Centers Corp (NYSE:REG) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,148 shares of the real estate investment trust’s stock, valued at approximately $44,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Regency Centers by 0.8% in the 1st quarter. BlackRock Inc. now owns 17,440,046 shares of the real estate investment trust’s stock valued at $670,218,000 after acquiring an additional 131,052 shares in the last quarter. Norges Bank bought a new position in Regency Centers in the 4th quarter valued at approximately $642,213,000. Cohen & Steers Inc. lifted its position in Regency Centers by 46.5% in the 4th quarter. Cohen & Steers Inc. now owns 8,657,657 shares of the real estate investment trust’s stock valued at $546,212,000 after acquiring an additional 2,748,940 shares in the last quarter. Principal Financial Group Inc. lifted its position in Regency Centers by 5.1% in the 4th quarter. Principal Financial Group Inc. now owns 6,430,036 shares of the real estate investment trust’s stock valued at $405,668,000 after acquiring an additional 311,318 shares in the last quarter. Finally, PGGM Investments lifted its position in Regency Centers by 1.2% in the 1st quarter. PGGM Investments now owns 4,644,418 shares of the real estate investment trust’s stock valued at $178,485,000 after acquiring an additional 54,817 shares in the last quarter. 93.87% of the stock is currently owned by institutional investors and hedge funds.

NYSE:REG opened at $41.26 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. Regency Centers Corp has a one year low of $31.80 and a one year high of $70.26. The business has a fifty day moving average price of $38.88 and a 200-day moving average price of $55.02.

Regency Centers (NYSE:REG) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.51). The company had revenue of $283.66 million during the quarter, compared to analysts’ expectations of $288.13 million. Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. During the same quarter last year, the company earned $0.54 earnings per share. On average, equities research analysts expect that Regency Centers Corp will post 3.78 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th will be paid a $0.595 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.38 dividend on an annualized basis and a yield of 5.77%. Regency Centers’s payout ratio is presently 64.50%.

Several equities analysts recently issued reports on REG shares. TheStreet cut Regency Centers from a “b” rating to a “c+” rating in a research report on Monday, February 24th. JPMorgan Chase & Co. lowered shares of Regency Centers from a “neutral” rating to an “underweight” rating and set a $42.00 target price for the company. in a research note on Wednesday, April 22nd. SunTrust Banks decreased their target price on shares of Regency Centers from $65.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, April 24th. BTIG Research decreased their target price on shares of Regency Centers from $72.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Finally, Morgan Stanley decreased their target price on shares of Regency Centers from $65.00 to $32.50 and set an “equal weight” rating for the company in a research note on Monday, April 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $54.73.

About Regency Centers

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

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