Dimensional Fund Advisors LP cut its holdings in shares of Regency Centers Corp (NYSE:REG) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,324,654 shares of the real estate investment trust’s stock after selling 137,436 shares during the period. Dimensional Fund Advisors LP’s holdings in Regency Centers were worth $136,410,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc lifted its holdings in Regency Centers by 2.7% during the third quarter. Vanguard Group Inc now owns 24,822,313 shares of the real estate investment trust’s stock worth $1,605,260,000 after acquiring an additional 653,071 shares in the last quarter. BlackRock Inc. lifted its holdings in Regency Centers by 0.7% during the fourth quarter. BlackRock Inc. now owns 16,648,211 shares of the real estate investment trust’s stock worth $976,916,000 after acquiring an additional 112,407 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Regency Centers by 8.3% during the third quarter. JPMorgan Chase & Co. now owns 3,739,185 shares of the real estate investment trust’s stock worth $241,813,000 after acquiring an additional 285,982 shares in the last quarter. Boston Partners lifted its holdings in Regency Centers by 2.6% during the fourth quarter. Boston Partners now owns 2,748,472 shares of the real estate investment trust’s stock worth $161,280,000 after acquiring an additional 70,555 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Regency Centers by 5.5% during the fourth quarter. Northern Trust Corp now owns 2,600,266 shares of the real estate investment trust’s stock worth $152,583,000 after acquiring an additional 136,458 shares in the last quarter. Hedge funds and other institutional investors own 93.87% of the company’s stock.
REG has been the topic of several recent analyst reports. Citigroup set a $75.00 target price on Regency Centers and gave the stock a “buy” rating in a report on Friday, February 22nd. SunTrust Banks reiterated a “buy” rating and set a $70.00 target price on shares of Regency Centers in a report on Friday, February 22nd. Zacks Investment Research upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Tuesday, January 29th. BMO Capital Markets set a $64.00 target price on Regency Centers and gave the stock a “hold” rating in a report on Thursday, February 14th. Finally, Barclays upgraded Regency Centers from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $63.00 to $69.00 in a report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Regency Centers presently has an average rating of “Buy” and an average price target of $69.23.
Shares of Regency Centers stock opened at $65.54 on Friday. The stock has a market capitalization of $10.98 billion, a PE ratio of 17.76, a PEG ratio of 2.50 and a beta of 0.37. Regency Centers Corp has a one year low of $55.38 and a one year high of $69.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 0.87.
Regency Centers (NYSE:REG) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). The firm had revenue of $286.26 million during the quarter, compared to the consensus estimate of $274.40 million. Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. During the same quarter last year, the firm earned $0.96 earnings per share. Analysts predict that Regency Centers Corp will post 3.78 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th will be issued a $0.585 dividend. This represents a $2.34 dividend on an annualized basis and a dividend yield of 3.57%. This is a positive change from Regency Centers’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, May 10th. Regency Centers’s payout ratio is 63.41%.
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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.
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