Teachers Insurance & Annuity Association of America boosted its holdings in Regency Centers Corp (NYSE:REG) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 195,980 shares of the real estate investment trust’s stock after purchasing an additional 945 shares during the quarter. Regency Centers comprises 0.8% of Teachers Insurance & Annuity Association of America’s holdings, making the stock its 28th largest holding. Teachers Insurance & Annuity Association of America owned 0.12% of Regency Centers worth $12,166,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of REG. Piedmont Investment Advisors LLC bought a new stake in Regency Centers in the second quarter worth approximately $107,000. Gideon Capital Advisors Inc. bought a new stake in Regency Centers in the second quarter worth approximately $202,000. Brown Advisory Inc. bought a new stake in Regency Centers in the first quarter worth approximately $206,000. WINTON GROUP Ltd bought a new stake in Regency Centers in the first quarter worth approximately $207,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Regency Centers in the second quarter worth approximately $239,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

REG has been the subject of a number of research analyst reports. BMO Capital Markets set a $68.00 target price on Regency Centers and gave the stock a “hold” rating in a report on Tuesday, May 1st. ValuEngine downgraded Regency Centers from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Boenning Scattergood restated a “hold” rating on shares of Regency Centers in a report on Wednesday, May 2nd. Zacks Investment Research upgraded Regency Centers from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. Finally, TheStreet upgraded Regency Centers from a “c+” rating to a “b-” rating in a report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $68.54.

Shares of NYSE REG traded up $0.30 during midday trading on Friday, hitting $64.57. 6,186 shares of the stock traded hands, compared to its average volume of 1,202,413. The company has a market cap of $10.72 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 2.35 and a beta of 0.46. Regency Centers Corp has a one year low of $54.87 and a one year high of $70.64. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.58.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th will be given a dividend of $0.555 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $2.22 annualized dividend and a dividend yield of 3.44%. Regency Centers’s payout ratio is 60.16%.

In related news, VP Dan M. Chandler III sold 2,500 shares of Regency Centers stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $63.35, for a total transaction of $158,375.00. Following the transaction, the vice president now owns 885 shares of the company’s stock, valued at $56,064.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider H Craig Ramey sold 1,365 shares of Regency Centers stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $63.27, for a total value of $86,363.55. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Regency Centers Profile

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.

Further Reading: Diversification in Investing

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

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