Texas Permanent School Fund cut its position in shares of Regency Centers Corporation (NYSE:REG) by 30.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,097 shares of the real estate investment trust’s stock after selling 17,968 shares during the period. Texas Permanent School Fund’s holdings in Regency Centers Corporation were worth $2,574,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new position in Regency Centers Corporation during the first quarter worth about $176,000. Baldwin Brothers Inc. MA acquired a new position in Regency Centers Corporation during the first quarter worth about $189,000. Parametrica Management Ltd acquired a new position in Regency Centers Corporation during the second quarter worth about $222,000. Cleararc Capital Inc. acquired a new position in Regency Centers Corporation during the first quarter worth about $236,000. Finally, Keybank National Association OH acquired a new position in Regency Centers Corporation during the first quarter worth about $248,000. 88.89% of the stock is owned by institutional investors and hedge funds.
Regency Centers Corporation (NYSE:REG) traded down 0.99% during trading on Friday, hitting $64.68. The stock had a trading volume of 970,139 shares. The company has a market cap of $10.98 billion, a price-to-earnings ratio of 107.44 and a beta of 0.56. Regency Centers Corporation has a 52 week low of $58.63 and a 52 week high of $82.44. The company has a 50-day moving average of $64.68 and a 200 day moving average of $65.05.
Regency Centers Corporation (NYSE:REG) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.03. Regency Centers Corporation had a return on equity of 2.20% and a net margin of 13.19%. The company had revenue of $240.42 million during the quarter, compared to the consensus estimate of $248.50 million. During the same period last year, the company earned $0.81 earnings per share. On average, equities research analysts anticipate that Regency Centers Corporation will post $0.92 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, August 14th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.28%. Regency Centers Corporation’s dividend payout ratio (DPR) is 353.34%.
Several analysts have weighed in on the company. Royal Bank Of Canada raised Regency Centers Corporation from an “outperform” rating to a “top pick” rating and boosted their price objective for the stock from $72.00 to $75.00 in a report on Thursday. Zacks Investment Research cut Regency Centers Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup Inc. set a $70.00 price objective on Regency Centers Corporation and gave the stock a “hold” rating in a report on Monday, August 14th. Boenning Scattergood reissued a “hold” rating on shares of Regency Centers Corporation in a report on Monday, August 7th. Finally, TheStreet raised Regency Centers Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $74.70.
In other news, insider H Craig Ramey sold 1,048 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $62.17, for a total transaction of $65,154.16. Following the completion of the transaction, the insider now directly owns 15,769 shares in the company, valued at $980,358.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.66% of the stock is owned by company insiders.
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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