Westpac Banking Corp trimmed its stake in shares of Regency Centers Corp (NYSE:REG) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 366,366 shares of the real estate investment trust’s stock after selling 6,243 shares during the quarter. Westpac Banking Corp’s holdings in Regency Centers were worth $24,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc grew its position in Regency Centers by 2.7% during the 3rd 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. Rhumbline Advisers lifted its stake in Regency Centers by 5.9% in the fourth quarter. Rhumbline Advisers now owns 297,488 shares of the real estate investment trust’s stock valued at $17,457,000 after acquiring an additional 16,509 shares during the last quarter. ETF Managers Group LLC lifted its stake in Regency Centers by 18.9% in the fourth quarter. ETF Managers Group LLC now owns 2,268 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 360 shares during the last quarter. M&T Bank Corp lifted its stake in Regency Centers by 53.9% in the fourth quarter. M&T Bank Corp now owns 12,695 shares of the real estate investment trust’s stock valued at $745,000 after acquiring an additional 4,446 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in Regency Centers by 13.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 13,000 shares of the real estate investment trust’s stock valued at $763,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 93.87% of the company’s stock.
NYSE:REG traded up $0.29 during trading hours on Wednesday, hitting $67.82. The company’s stock had a trading volume of 49,054 shares, compared to its average volume of 851,800. The firm has a market capitalization of $11.05 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. 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 twelve month low of $55.50 and a twelve month high of $69.01.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th were paid a dividend of $0.585 per share. This represents a $2.34 dividend on an annualized basis and a dividend yield of 3.45%. This is a positive change from Regency Centers’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, May 10th. Regency Centers’s dividend payout ratio (DPR) is presently 63.41%.
A number of research firms have issued reports on REG. Citigroup set a $76.00 target price on shares of Regency Centers and gave the company a “buy” rating in a research note on Monday, May 20th. Zacks Investment Research upgraded shares of Regency Centers from a “sell” rating to a “hold” rating in a research note on Monday, March 11th. BMO Capital Markets set a $64.00 target price on shares of Regency Centers and gave the company a “hold” rating in a research note on Thursday, February 14th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $70.00 target price on shares of Regency Centers in a research note on Friday, February 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $69.33.
In other news, insider Alan Todd Roth sold 1,658 shares of Regency Centers stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $65.15, for a total transaction of $108,018.70. Following the sale, the insider now directly owns 11,001 shares of the company’s stock, valued at $716,715.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider H Craig Ramey sold 1,000 shares of Regency Centers stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $66.90, for a total value of $66,900.00. Following the sale, the insider now directly owns 16,976 shares in the company, valued at $1,135,694.40. The disclosure for this sale can be found here. Insiders have sold 16,658 shares of company stock worth $1,102,559 over the last three months. Insiders own 1.10% of the company’s stock.
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Regency Centers 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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