IHT Wealth Management LLC Acquires Shares of 150 Regency Centers Corporation (REG)

IHT Wealth Management LLC acquired a new stake in shares of Regency Centers Corporation (NYSE:REG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 150 shares of the real estate investment trust’s stock, valued at approximately $124,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its stake in shares of Regency Centers Corporation by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the real estate investment trust’s stock valued at $570,000 after purchasing an additional 100 shares during the period. State of Tennessee Treasury Department raised its stake in shares of Regency Centers Corporation by 0.3% during the second quarter. State of Tennessee Treasury Department now owns 40,005 shares of the real estate investment trust’s stock valued at $2,506,000 after purchasing an additional 110 shares during the period. Public Employees Retirement Association of Colorado raised its stake in shares of Regency Centers Corporation by 0.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 34,078 shares of the real estate investment trust’s stock valued at $2,135,000 after purchasing an additional 118 shares during the period. Candriam Luxembourg S.C.A. raised its stake in shares of Regency Centers Corporation by 0.8% during the second quarter. Candriam Luxembourg S.C.A. now owns 23,414 shares of the real estate investment trust’s stock valued at $1,467,000 after purchasing an additional 185 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Regency Centers Corporation by 8.5% during the second quarter. Pacer Advisors Inc. now owns 3,682 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 290 shares during the period. Institutional investors own 91.55% of the company’s stock.

Shares of Regency Centers Corporation (REG) traded down 0.274% during trading on Thursday, hitting $63.735. 107,287 shares of the stock traded hands. Regency Centers Corporation has a 52 week low of $58.63 and a 52 week high of $75.15. The firm’s 50-day moving average price is $63.65 and its 200-day moving average price is $63.82. The company has a market cap of $10.82 billion, a price-to-earnings ratio of 105.872 and a beta of 0.56.

Regency Centers Corporation (NYSE:REG) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 EPS for the quarter, topping the consensus estimate of $0.90 by $0.03. The company had revenue of $240.42 million for the quarter, compared to analysts’ expectations of $248.50 million. Regency Centers Corporation had a return on equity of 2.20% and a net margin of 13.19%. During the same quarter in the prior year, the business earned $0.81 earnings per share. On average, equities research analysts anticipate that Regency Centers Corporation will post $0.85 earnings per share for the current year.

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A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Regency Centers Corporation from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Tuesday. Boenning Scattergood upgraded shares of Regency Centers Corporation from an “under perform” rating to a “neutral” rating in a research note on Tuesday, October 3rd. Jefferies Group LLC lowered shares of Regency Centers Corporation from a “buy” rating to a “hold” rating and dropped their price target for the stock from $74.00 to $67.00 in a research note on Friday, September 15th. BMO Capital Markets assumed coverage on shares of Regency Centers Corporation in a research note on Monday, September 11th. They issued a “market perform” rating and a $65.00 price target for the company. Finally, Argus dropped their price target on shares of Regency Centers Corporation from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, August 31st. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Regency Centers Corporation has a consensus rating of “Buy” and an average target price of $71.46.

In related news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $64.30, for a total value of $67,885,239.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mary Lou Fiala sold 7,775 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $65.74, for a total value of $511,128.50. Following the completion of the transaction, the director now owns 17,145 shares in the company, valued at approximately $1,127,112.30. The disclosure for this sale can be found here. 12.66% of the stock is currently owned by corporate insiders.

Regency Centers Corporation Profile

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.

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

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