Regency Centers Corporation (REG) Position Cut by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in Regency Centers Corporation (NYSE:REG) by 5.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,367 shares of the real estate investment trust’s stock after selling 1,774 shares during the period. Mutual of America Capital Management LLC’s holdings in Regency Centers Corporation were worth $2,008,000 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 REG. Daiwa Securities Group Inc. lifted its holdings in Regency Centers Corporation by 109.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,350,352 shares of the real estate investment trust’s stock valued at $335,146,000 after acquiring an additional 2,799,040 shares during the last quarter. FMR LLC lifted its holdings in Regency Centers Corporation by 3,011.1% in the 2nd quarter. FMR LLC now owns 1,541,911 shares of the real estate investment trust’s stock valued at $96,585,000 after acquiring an additional 1,492,349 shares during the last quarter. Resolution Capital Ltd acquired a new stake in Regency Centers Corporation in the 2nd quarter valued at about $47,848,000. JPMorgan Chase & Co. lifted its holdings in Regency Centers Corporation by 15.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,274,814 shares of the real estate investment trust’s stock valued at $267,775,000 after acquiring an additional 560,110 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Regency Centers Corporation by 31.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,631,095 shares of the real estate investment trust’s stock valued at $102,172,000 after acquiring an additional 393,523 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

REG has been the subject of a number of research analyst reports. BidaskClub raised shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Citigroup Inc. set a $70.00 price target on shares of Regency Centers Corporation and gave the company a “hold” rating in a report on Monday, August 14th. Barclays PLC reissued an “equal weight” rating and issued a $73.00 price target (up from $72.00) on shares of Regency Centers Corporation in a report on Monday, July 10th. Zacks Investment Research raised shares of Regency Centers Corporation from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Thursday, September 21st. Finally, Boenning Scattergood raised shares of Regency Centers Corporation from an “under perform” rating to a “neutral” rating in a report on Tuesday, October 3rd. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Regency Centers Corporation has an average rating of “Buy” and an average target price of $71.46.

In other news, Director Mary Lou Fiala sold 7,775 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $65.74, for a total transaction of $511,128.50. Following the completion of the transaction, the director now directly owns 17,145 shares in the company, valued at approximately $1,127,112.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Chaim Katzman sold 1,055,758 shares of the business’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 disclosure for this sale can be found here. 12.66% of the stock is currently owned by insiders.

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Shares of Regency Centers Corporation (NYSE:REG) opened at 61.55 on Wednesday. Regency Centers Corporation has a 1-year low of $58.63 and a 1-year high of $72.05. The firm’s 50-day moving average is $63.24 and its 200-day moving average is $63.51. The stock has a market capitalization of $10.45 billion, a price-to-earnings ratio of 102.24 and a beta of 0.56.

Regency Centers Corporation (NYSE:REG) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The company had revenue of $240.42 million during the quarter, compared to analyst estimates 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 period in the previous year, the company earned $0.81 EPS. On average, analysts predict that Regency Centers Corporation will post $0.85 earnings per share for the current fiscal year.

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.

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

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