Regency Centers Corp (NYSE:REG) Shares Bought by Royal Bank of Canada

Royal Bank of Canada boosted its stake in shares of Regency Centers Corp (NYSE:REG) by 13.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 85,188 shares of the real estate investment trust’s stock after purchasing an additional 10,282 shares during the period. Royal Bank of Canada owned approximately 0.05% of Regency Centers worth $5,684,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Regency Centers by 14.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,519 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 194 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Regency Centers by 1.2% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 17,805 shares of the real estate investment trust’s stock valued at $1,188,000 after purchasing an additional 204 shares during the last quarter. Atlas Capital Advisors LLC increased its holdings in Regency Centers by 5.5% in the 2nd quarter. Atlas Capital Advisors LLC now owns 5,444 shares of the real estate investment trust’s stock valued at $363,000 after purchasing an additional 285 shares during the last quarter. Buckhead Capital Management LLC increased its holdings in Regency Centers by 0.5% in the 2nd quarter. Buckhead Capital Management LLC now owns 54,624 shares of the real estate investment trust’s stock valued at $3,646,000 after purchasing an additional 287 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in Regency Centers by 0.5% in the 2nd quarter. Royal London Asset Management Ltd. now owns 60,432 shares of the real estate investment trust’s stock valued at $4,034,000 after purchasing an additional 323 shares during the last quarter. 93.87% of the stock is currently owned by institutional investors.

Several research firms recently weighed in on REG. BMO Capital Markets set a $64.00 target price on shares of Regency Centers and gave the company a “hold” rating in a report on Friday, August 2nd. Compass Point began coverage on shares of Regency Centers in a research note on Thursday, August 15th. They issued a “neutral” rating and a $67.00 price target for the company. Finally, Scotiabank upgraded shares of Regency Centers from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $68.00 to $72.00 in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $68.59.

In other news, insider Alan Todd Roth sold 3,000 shares of Regency Centers stock in a transaction on Friday, August 16th. The shares were sold at an average price of $65.74, for a total transaction of $197,220.00. Following the completion of the sale, the insider now directly owns 8,001 shares of the company’s stock, valued at approximately $525,985.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Dan M. Chandler III sold 3,500 shares of Regency Centers stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $65.15, for a total transaction of $228,025.00. Following the sale, the vice president now directly owns 15,457 shares of the company’s stock, valued at $1,007,023.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,080 shares of company stock valued at $660,413. Corporate insiders own 1.10% of the company’s stock.

NYSE:REG opened at $68.49 on Friday. The company has a fifty day simple moving average of $67.12 and a two-hundred day simple moving average of $66.97. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 18.56, 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 52 week low of $55.50 and a 52 week high of $70.26.

Regency Centers (NYSE:REG) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.01). The business had revenue of $268.43 million during the quarter, compared to analyst estimates of $271.87 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 firm earned $0.28 EPS. On average, analysts expect that Regency Centers Corp will post 3.78 EPS for the current 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.

Further Reading: How to invest in a bear market

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

Receive News & Ratings for Regency Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers and related companies with MarketBeat.com's FREE daily email newsletter.