The Aberdeen Asset Management PLC UK Buys New Stake in Regency Centers Corp (REG)

The Aberdeen Asset Management PLC UK Buys New Stake in Regency Centers Corp (REG)

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC boosted its position in Regency Centers Corp by 161.4% in the third quarter. Riverhead Capital Management LLC now owns 2,300 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 1,420 shares during the last quarter. Baldwin Brothers Inc. MA purchased a new position in Regency Centers Corp during the first quarter valued at $189,000. Tyers Asset Management LLC purchased a new position in Regency Centers Corp during the fourth quarter valued at $230,000. Pacad Investment Ltd. purchased a new position in Regency Centers Corp during the fourth quarter valued at $241,000. Finally, Hartford Investment Management Co. purchased a new position in Regency Centers Corp during the third quarter valued at $243,000. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Aberdeen Asset Management PLC UK purchased a new stake in Regency Centers Corp (NYSE:REG) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 27,480 shares of the real estate investment trust’s stock, valued at approximately $1,824,000.

Shares of Regency Centers Corp (NYSE REG) traded down 0.05% on Friday, hitting $60.91. The stock had a trading volume of 874,997 shares. The stock has a market cap of $10.34 billion, a PE ratio of 105.02 and a beta of 0.58. The company has a 50 day moving average price of $62.93 and a 200-day moving average price of $66.67. Regency Centers Corp has a 12 month low of $58.63 and a 12 month high of $85.35.

Regency Centers Corp (NYSE:REG) last announced its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.07. Regency Centers Corp had a net margin of 25.88% and a return on equity of 8.04%. The firm had revenue of $189.43 million during the quarter, compared to analysts’ expectations of $185.43 million. During the same quarter in the prior year, the company earned $0.86 EPS. On average, equities research analysts anticipate that Regency Centers Corp will post $1.28 earnings per share for the current year. The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Monday, May 22nd were given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Thursday, May 18th. This is a boost from Regency Centers Corp’s previous quarterly dividend of $0.51. Regency Centers Corp’s dividend payout ratio is presently 140.85%.

REG has been the topic of several research analyst reports. Zacks Investment Research raised shares of Regency Centers Corp from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Wednesday, February 15th. TheStreet cut shares of Regency Centers Corp from a “b” rating to a “c” rating in a report on Tuesday, May 9th. Barclays PLC initiated coverage on shares of Regency Centers Corp in a report on Monday, March 6th. They issued an “equal weight” rating and a $72.00 price target on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $72.00 price target on shares of Regency Centers Corp in a report on Friday, May 26th. Finally, Citigroup Inc reissued a “neutral” rating and issued a $72.00 target price on shares of Regency Centers Corp in a research note on Thursday, March 2nd. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Regency Centers Corp has an average rating of “Hold” and a consensus target price of $75.50. In other news, insider H Craig Ramey sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $62.80, for a total value of $188,400.00. Following the completion of the sale, the insider now owns 17,567 shares of the company’s stock, valued at approximately $1,103,207.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Schweitzer sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $61.13, for a total transaction of $244,520.00. Following the completion of the sale, the director now directly owns 46,694 shares of the company’s stock, valued at approximately $2,854,404.22. The disclosure for this sale can be found here. Insiders sold a total of 17,750 shares of company stock valued at $1,147,950 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

About Regency Centers Corp Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “REG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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