Tokio Marine Asset Management Co. Ltd. decreased its stake in Regency Centers Corp. (NYSE:REG) by 5.2% during the second quarter, Holdings Channel reports. The institutional investor owned 4,120 shares of the real estate investment trust’s stock after selling 226 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Regency Centers Corp. were worth $345,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Invictus RG acquired a new position in shares of Regency Centers Corp. during the first quarter valued at approximately $136,000. 1st Global Advisors Inc. increased 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. acquired a new position in shares of Regency Centers Corp. during the second quarter valued at approximately $368,000. Oakbrook Investments LLC increased its position in shares of 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 acquired a new position in shares of Regency Centers Corp. during the first quarter valued at approximately $493,000. Institutional investors own 95.91% of the company’s stock.
Shares of Regency Centers Corp. (NYSE:REG) traded up 0.91% during trading on Thursday, reaching $74.64. The company’s stock had a trading volume of 429,717 shares. The stock has a market cap of $7.40 billion, a P/E ratio of 46.91 and a beta of 0.78. The stock has a 50-day moving average of $77.84 and a 200-day moving average of $78.52. Regency Centers Corp. has a 52-week low of $64.28 and a 52-week high of $85.35.
Regency Centers Corp. (NYSE:REG) last released its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 last year, the firm earned $0.75 earnings per share. Analysts predict that Regency Centers Corp. will post $3.26 earnings per share for the current fiscal year.
Several research analysts have recently commented on REG shares. Zacks Investment Research upgraded Regency Centers Corp. from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Tuesday, July 5th. Jefferies Group lifted their target price on Regency Centers Corp. from $83.00 to $84.00 and gave the stock a “hold” rating in a research note 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 report on Wednesday, August 17th. Argus reissued a “hold” rating on shares of Regency Centers Corp. in a report on Saturday, September 3rd. Finally, BTIG Research initiated coverage on Regency Centers Corp. in a report on Thursday, August 25th. They set a “neutral” rating for the company. Eleven analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Regency Centers Corp. currently has a consensus rating of “Hold” and an average target price of $78.58.
In other Regency Centers Corp. news, Director Bryce Blair bought 1,251 shares of Regency Centers Corp. stock in a transaction dated Tuesday, August 23rd. The stock was bought at an average cost of $79.79 per share, with a total value of $99,817.29. Following the completion of the acquisition, the director now directly owns 4,084 shares in the company, valued at approximately $325,862.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by 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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