Tower Research Capital LLC TRC boosted its position in Regency Centers Corp (NYSE:REG) by 123.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,589 shares of the real estate investment trust’s stock after buying an additional 8,599 shares during the period. Tower Research Capital LLC TRC’s holdings in Regency Centers were worth $1,040,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. increased its position in Regency Centers by 0.3% in the 2nd quarter. BlackRock Inc. now owns 16,986,355 shares of the real estate investment trust’s stock valued at $1,133,670,000 after buying an additional 55,541 shares in the last quarter. Principal Financial Group Inc. increased its position in Regency Centers by 6.4% in the 1st quarter. Principal Financial Group Inc. now owns 6,178,121 shares of the real estate investment trust’s stock valued at $416,958,000 after buying an additional 372,002 shares in the last quarter. PGGM Investments increased its holdings in Regency Centers by 54.0% during the 2nd quarter. PGGM Investments now owns 4,070,645 shares of the real estate investment trust’s stock worth $271,675,000 after purchasing an additional 1,427,645 shares in the last quarter. FMR LLC increased its holdings in Regency Centers by 1.6% during the 1st quarter. FMR LLC now owns 3,612,375 shares of the real estate investment trust’s stock worth $243,799,000 after purchasing an additional 57,663 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Regency Centers by 10.4% during the 2nd quarter. Northern Trust Corp now owns 2,918,311 shares of the real estate investment trust’s stock worth $194,768,000 after purchasing an additional 275,397 shares in the last quarter. 93.87% of the stock is owned by institutional investors and hedge funds.

In other news, VP Dan M. Chandler III sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $65.15, for a total value of $228,025.00. Following the transaction, the vice president now owns 15,457 shares in the company, valued at approximately $1,007,023.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alan Todd Roth sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $65.74, for a total value of $197,220.00. Following the completion of the transaction, the insider now owns 8,001 shares in the company, valued at approximately $525,985.74. The disclosure for this sale can be found here. Insiders sold a total of 9,783 shares of company stock worth $639,965 in the last 90 days. Company insiders own 1.10% of the company’s stock.

REG has been the subject of a number of recent research reports. Citigroup set a $76.00 price objective on Regency Centers and gave the stock a “buy” rating in a report on Monday, May 20th. Compass Point initiated coverage on Regency Centers in a report on Thursday, August 15th. They set a “neutral” rating and a $67.00 price objective for the company. BMO Capital Markets set a $64.00 price objective on Regency Centers and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, Scotiabank raised Regency Centers from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $68.00 to $72.00 in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Regency Centers currently has a consensus rating of “Buy” and a consensus target price of $68.83.

Shares of NYSE REG traded down $0.15 during midday trading on Monday, reaching $67.91. The company’s stock had a trading volume of 264,317 shares, compared to its average volume of 866,572. Regency Centers Corp has a 12-month low of $55.50 and a 12-month high of $70.26. The firm has a 50 day moving average price of $65.41 and a 200-day moving average price of $66.47. The stock has a market capitalization of $11.49 billion, a P/E ratio of 18.40, a PEG 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 earnings results on Thursday, August 1st. The real estate investment trust reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The business had revenue of $268.43 million during the quarter, compared to analysts’ expectations of $271.87 million. During the same quarter in the previous year, the firm earned $0.28 EPS. On average, equities analysts predict that Regency Centers Corp will post 3.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Monday, August 12th were paid a $0.585 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.34 dividend on an annualized basis and a dividend yield of 3.45%. Regency Centers’s payout ratio is presently 63.41%.

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.

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

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