Advisor Group Inc. Has $292,000 Position in Regency Centers Corp (REG)

Advisor Group Inc. lifted its stake in shares of Regency Centers Corp (NYSE:REG) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,997 shares of the real estate investment trust’s stock after acquiring an additional 219 shares during the period. Advisor Group Inc.’s holdings in Regency Centers were worth $292,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Enlightenment Research LLC acquired a new stake in Regency Centers during the 4th quarter worth approximately $47,000. Point72 Hong Kong Ltd acquired a new stake in Regency Centers in the third quarter valued at approximately $106,000. ETF Managers Group LLC grew its position in Regency Centers by 18.9% in the fourth quarter. ETF Managers Group LLC now owns 2,268 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 360 shares in the last quarter. Loeb Partners Corp acquired a new stake in Regency Centers in the fourth quarter valued at approximately $176,000. Finally, Conning Inc. grew its position in Regency Centers by 5.5% in the fourth quarter. Conning Inc. now owns 4,001 shares of the real estate investment trust’s stock valued at $235,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 93.87% of the company’s stock.

REG traded up $0.69 during trading hours on Friday, hitting $66.38. 752,144 shares of the stock were exchanged, compared to its average volume of 825,996. Regency Centers Corp has a 12 month low of $55.38 and a 12 month high of $69.01. The stock has a market capitalization of $11.12 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87.

Regency Centers (NYSE:REG) last announced its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.48). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The firm had revenue of $277.07 million for the quarter, compared to the consensus estimate of $269.96 million. During the same quarter last year, the business earned $0.92 earnings per share. As a group, research analysts anticipate that Regency Centers Corp will post 3.78 earnings per share for the current fiscal year.

REG has been the subject of several recent research reports. BMO Capital Markets set a $64.00 price objective on shares of Regency Centers and gave the company a “hold” rating in a research report on Thursday, February 14th. Zacks Investment Research upgraded Regency Centers from a “sell” rating to a “hold” rating in a research note on Monday, March 11th. Citigroup set a $75.00 target price on Regency Centers and gave the company a “buy” rating in a research note on Friday, February 22nd. SunTrust Banks reiterated a “buy” rating and set a $70.00 target price on shares of Regency Centers in a research note on Friday, February 22nd. Finally, Barclays upgraded Regency Centers from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $63.00 to $69.00 in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $69.23.

In other Regency Centers news, VP James D. Thompson sold 14,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $66.26, for a total value of $927,640.00. Following the sale, the vice president now directly owns 63,249 shares in the company, valued at $4,190,878.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alan Todd Roth sold 1,658 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $65.15, for a total value of $108,018.70. Following the completion of the sale, the insider now owns 11,001 shares in the company, valued at $716,715.15. The disclosure for this sale can be found here. Insiders sold 101,941 shares of company stock worth $6,633,625 over the last quarter. 1.10% of the stock is currently owned by company insiders.

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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.

Read More: Asset Allocation

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

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