Marshall Wace LLP Takes Position in Regency Centers Corp (REG)

Marshall Wace LLP bought a new stake in shares of Regency Centers Corp (NYSE:REG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 117,405 shares of the real estate investment trust’s stock, valued at approximately $7,289,000. Marshall Wace LLP owned approximately 0.07% of Regency Centers at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in REG. Piedmont Investment Advisors LLC bought a new stake in shares of Regency Centers during the 2nd quarter valued at about $107,000. Gideon Capital Advisors Inc. bought a new stake in shares of Regency Centers during the 2nd quarter valued at about $202,000. Brown Advisory Inc. bought a new stake in shares of Regency Centers during the 1st quarter valued at about $206,000. WINTON GROUP Ltd bought a new stake in shares of Regency Centers during the 1st quarter valued at about $207,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Regency Centers during the 2nd quarter valued at about $239,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on REG. ValuEngine raised shares of Regency Centers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Citigroup raised shares of Regency Centers from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $67.00 to $74.00 in a research note on Friday, September 14th. Deutsche Bank raised shares of Regency Centers from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $70.00 to $72.00 in a research note on Tuesday, August 28th. BMO Capital Markets reissued a “hold” rating and set a $65.00 price objective on shares of Regency Centers in a research note on Tuesday, September 25th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $67.00 price objective on shares of Regency Centers in a research note on Wednesday, August 15th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $68.82.

In other news, insider Alan Todd Roth sold 2,300 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $65.15, for a total value of $149,845.00. Following the transaction, the insider now owns 8,181 shares in the company, valued at $532,992.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider H Craig Ramey sold 1,365 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $63.27, for a total transaction of $86,363.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,260 shares of company stock worth $532,456. Insiders own 1.10% of the company’s stock.

NYSE:REG opened at $64.26 on Tuesday. Regency Centers Corp has a one year low of $54.87 and a one year high of $70.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $10.96 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 2.43 and a beta of 0.41.

Regency Centers (NYSE:REG) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). The business had revenue of $274.53 million for the quarter, compared to the consensus estimate of $269.18 million. Regency Centers had a return on equity of 3.83% and a net margin of 22.90%. During the same period in the previous year, the firm earned $0.93 EPS. Research analysts anticipate that Regency Centers Corp will post 3.79 EPS for the current fiscal year.

About Regency Centers

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.

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

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