Ameritas Investment Partners Inc. maintained its position in shares of Regency Centers Corporation (NYSE:REG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,500 shares of the real estate investment trust’s stock at the end of the second quarter. Ameritas Investment Partners Inc.’s holdings in Regency Centers Corporation were worth $219,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. IHT Wealth Management LLC bought a new position in Regency Centers Corporation in the 2nd quarter valued at about $124,000. Global X Management Co. LLC bought a new position in Regency Centers Corporation in the 2nd quarter valued at about $179,000. Advisor Group Inc. raised its holdings in Regency Centers Corporation by 15.6% in the 2nd quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 404 shares during the period. Riverhead Capital Management LLC raised its holdings in Regency Centers Corporation by 342.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 2,400 shares during the period. Finally, Parametrica Management Ltd bought a new position in Regency Centers Corporation in the 2nd quarter valued at about $222,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.
Regency Centers Corporation (NYSE:REG) opened at 62.24 on Tuesday. The company has a market capitalization of $10.56 billion, a PE ratio of 103.39 and a beta of 0.56. The stock’s 50 day moving average is $63.34 and its 200 day moving average is $63.52. Regency Centers Corporation has a one year low of $58.63 and a one year high of $72.05.
Regency Centers Corporation (NYSE:REG) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.03. Regency Centers Corporation had a net margin of 13.19% and a return on equity of 2.20%. The company had revenue of $240.42 million for the quarter, compared to analyst estimates of $248.50 million. During the same quarter in the previous year, the firm posted $0.81 earnings per share. On average, analysts anticipate that Regency Centers Corporation will post $0.85 earnings per share for the current fiscal year.
In other news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $64.30, for a total value of $67,885,239.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary Lou Fiala sold 7,775 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $65.74, for a total transaction of $511,128.50. Following the completion of the sale, the director now directly owns 17,145 shares in the company, valued at approximately $1,127,112.30. The disclosure for this sale can be found here. Insiders own 12.66% of the company’s stock.
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Several research analysts have weighed in on the stock. Zacks Investment Research cut shares of Regency Centers Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Boenning Scattergood reissued a “hold” rating on shares of Regency Centers Corporation in a report on Monday, August 7th. TheStreet raised shares of Regency Centers Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $74.00 price target on shares of Regency Centers Corporation in a report on Monday, July 17th. Finally, Barclays PLC lowered their price target on shares of Regency Centers Corporation from $73.00 to $71.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $71.46.
Regency Centers Corporation Company 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.
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