Credit Suisse AG increased its stake in Regency Centers Corporation (NYSE:REG) by 43.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 682,652 shares of the real estate investment trust’s stock after buying an additional 207,439 shares during the period. Credit Suisse AG owned about 0.66% of Regency Centers Corporation worth $45,323,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of REG. Victory Capital Management Inc. acquired a new position in Regency Centers Corporation during the first quarter valued at $176,000. Baldwin Brothers Inc. MA purchased a new stake in Regency Centers Corporation during the first quarter valued at about $189,000. Tyers Asset Management LLC bought a new stake in Regency Centers Corporation during the fourth quarter worth about $230,000. Cleararc Capital Inc. bought a new stake in Regency Centers Corporation during the first quarter worth about $236,000. Finally, Pacad Investment Ltd. acquired a new position in Regency Centers Corporation during the fourth quarter worth approximately $241,000. Institutional investors own 86.89% of the company’s stock.
Shares of Regency Centers Corporation (REG) traded up 1.58% on Wednesday, reaching $62.37. 317,858 shares of the company’s stock traded hands. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 107.53 and a beta of 0.55. The firm’s 50-day moving average is $61.49 and its 200-day moving average is $66.04. Regency Centers Corporation has a 52-week low of $58.63 and a 52-week high of $85.32.
Regency Centers Corporation (NYSE:REG) last announced its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.07. The company had revenue of $189.43 million for the quarter, compared to analyst estimates of $185.43 million. Regency Centers Corporation had a net margin of 13.68% and a return on equity of 2.75%. During the same period in the prior year, the firm posted $0.86 earnings per share. Analysts anticipate that Regency Centers Corporation will post $1.15 EPS for the current fiscal year.
Several equities research analysts have commented on the stock. TheStreet lowered shares of Regency Centers Corporation from a “b” rating to a “c” rating in a research note on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a $72.00 price objective on shares of Regency Centers Corporation in a report on Monday, April 24th. Zacks Investment Research cut shares of Regency Centers Corporation from a “buy” rating to a “hold” rating in a research report on Monday, March 27th. BidaskClub lowered shares of Regency Centers Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 target price on shares of Regency Centers Corporation in a research note on Monday, June 19th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Regency Centers Corporation currently has a consensus rating of “Hold” and an average price target of $74.50.
In other Regency Centers Corporation news, Director John C. Schweitzer sold 4,000 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $61.13, for a total value of $244,520.00. Following the completion of the sale, the director now owns 46,694 shares in the company, valued at approximately $2,854,404.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider H Craig Ramey sold 1,048 shares of Regency Centers Corporation stock in a transaction 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 directly owns 15,769 shares of the company’s stock, valued at $980,358.73. The disclosure for this sale can be found here. Insiders own 12.66% of the company’s stock.
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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