Crossmark Global Holdings Inc. lessened its holdings in Regency Centers Corp (NYSE:REG) by 8.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,531 shares of the real estate investment trust’s stock after selling 760 shares during the period. Crossmark Global Holdings Inc.’s holdings in Regency Centers were worth $593,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. HM Payson & Co. purchased a new position in shares of Regency Centers in the 2nd quarter worth approximately $48,000. CSat Investment Advisory L.P. boosted its stake in shares of Regency Centers by 128.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 969 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 545 shares during the last quarter. NEXT Financial Group Inc boosted its stake in shares of Regency Centers by 62.5% in the 2nd quarter. NEXT Financial Group Inc now owns 1,100 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 423 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of Regency Centers by 14,275.0% in the 2nd quarter. Whittier Trust Co. now owns 1,150 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 1,142 shares during the last quarter. Finally, ETF Managers Group LLC boosted its stake in shares of Regency Centers by 13.3% in the 2nd quarter. ETF Managers Group LLC now owns 2,803 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 330 shares during the last quarter. Hedge funds and other institutional investors own 93.87% of the company’s stock.
Regency Centers stock opened at $68.48 on Thursday. Regency Centers Corp has a 12 month low of $55.50 and a 12 month high of $70.26. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The business’s 50 day simple moving average is $67.56 and its 200 day simple moving average is $67.01. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.50 and a beta of 0.37.
Regency Centers (NYSE:REG) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.95 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.01). Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. The firm 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 company posted $0.28 EPS. As a group, equities research analysts forecast that Regency Centers Corp will post 3.78 earnings per share for the current fiscal year.
In related news, insider H Craig Ramey sold 1,210 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $65.29, for a total value of $79,000.90. Following the transaction, the insider now owns 15,766 shares in the company, valued at $1,029,362.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Dan M. Chandler III sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $65.15, for a total value of $228,025.00. Following the completion of the transaction, the vice president now owns 15,457 shares in the company, valued at approximately $1,007,023.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,080 shares of company stock worth $660,413. 1.10% of the stock is owned by company insiders.
A number of equities analysts have recently weighed in on the company. BMO Capital Markets set a $64.00 target price on Regency Centers and gave the stock a “hold” rating in a research note on Friday, August 2nd. Compass Point assumed coverage on Regency Centers in a research note on Thursday, August 15th. They issued a “neutral” rating and a $67.00 target price on the stock. Scotiabank upgraded Regency Centers from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $68.00 to $72.00 in a research note on Friday, August 16th. Finally, Barclays restated a “buy” rating and issued a $75.00 target price on shares of Regency Centers in a research note on Sunday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $69.26.
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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