Standard Life Investments LTD acquired a new stake in shares of Regency Centers Corp. (NYSE:REG) during the second quarter, Holdings Channel reports. The firm acquired 66,230 shares of the real estate investment trust’s stock, valued at approximately $5,546,000.
Other institutional investors have also recently made changes to their positions in the company. Invictus RG purchased a new position in shares of Regency Centers Corp. during the first quarter valued at approximately $136,000. 1st Global Advisors Inc. raised its position in shares of Regency Centers Corp. by 2.1% in the second quarter. 1st Global Advisors Inc. now owns 3,693 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 77 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Regency Centers Corp. during the second quarter valued at about $368,000. Oakbrook Investments LLC raised its position in Regency Centers Corp. by 16.5% in the second quarter. Oakbrook Investments LLC now owns 4,952 shares of the real estate investment trust’s stock valued at $415,000 after buying an additional 700 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new position in Regency Centers Corp. during the first quarter valued at about $493,000. 95.91% of the stock is owned by institutional investors and hedge funds.
Shares of Regency Centers Corp. (NYSE:REG) traded up 0.33% on Friday, hitting $73.92. The company had a trading volume of 727,229 shares. Regency Centers Corp. has a 52 week low of $64.28 and a 52 week high of $85.35. The stock’s 50-day moving average is $78.32 and its 200 day moving average is $78.50. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 46.46 and a beta of 0.78.
Regency Centers Corp. (NYSE:REG) last released its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.81 EPS for the quarter, meeting analysts’ consensus estimates of $0.81. Regency Centers Corp. had a return on equity of 10.04% and a net margin of 29.19%. During the same period in the previous year, the firm earned $0.75 earnings per share. Equities analysts expect that Regency Centers Corp. will post $3.26 EPS for the current year.
REG has been the subject of several recent analyst reports. Zacks Investment Research raised Regency Centers Corp. from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Tuesday, July 5th. Jefferies Group lifted their price target on Regency Centers Corp. from $83.00 to $84.00 and gave the stock a “hold” rating in a research report on Tuesday, August 23rd. Deutsche Bank AG lifted their price target on Regency Centers Corp. from $69.00 to $77.00 and gave the stock a “hold” rating in a research report on Wednesday, August 17th. Argus reaffirmed a “hold” rating on shares of Regency Centers Corp. in a research report on Saturday, September 3rd. Finally, BTIG Research initiated coverage on Regency Centers Corp. in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. Eleven equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $78.58.
In other Regency Centers Corp. news, Director Bryce Blair purchased 1,251 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was bought at an average cost of $79.79 per share, for a total transaction of $99,817.29. Following the completion of the purchase, the director now owns 4,084 shares in the company, valued at approximately $325,862.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.
Regency Centers Corp. Company Profile
Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers, L.P. (Operating Partnership). The Company’s operating, investing and financing activities are performed through the Operating Partnership, its subsidiaries and through its co-investment partnerships.
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