Cadence Capital Management LLC Purchased 990 Shares of Regency Centers Corp (REG)

Cadence Capital Management LLC Purchased 990 Shares of Regency Centers Corp (REG)

Cadence Capital Management LLC raised its stake in Regency Centers Corp (NYSE:REG) by 13.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,225 shares of the real estate investment trust’s stock after buying an additional 990 shares during the period. Cadence Capital Management LLC’s holdings in Regency Centers Corp were worth $546,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in REG. Victory Capital Management Inc. purchased a new stake in shares of Regency Centers Corp during the first quarter worth approximately $176,000. Baldwin Brothers Inc. MA purchased a new stake in shares of Regency Centers Corp during the first quarter worth approximately $189,000. Tyers Asset Management LLC purchased a new stake in shares of Regency Centers Corp during the fourth quarter worth approximately $230,000. Pacad Investment Ltd. purchased a new stake in shares of Regency Centers Corp during the fourth quarter worth approximately $241,000. Finally, Keybank National Association OH purchased a new stake in shares of Regency Centers Corp during the first quarter worth approximately $248,000. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Shares of Regency Centers Corp (NYSE:REG) traded down 0.05% during trading on Friday, hitting $60.91. The stock had a trading volume of 958,142 shares. The stock’s 50-day moving average is $63.11 and its 200-day moving average is $66.74. Regency Centers Corp has a 12-month low of $58.63 and a 12-month high of $85.35. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 105.02 and a beta of 0.58.

Regency Centers Corp (NYSE:REG) last released its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.07. Regency Centers Corp had a return on equity of 8.04% and a net margin of 25.88%. The firm had revenue of $189.43 million for the quarter, compared to analyst estimates of $185.43 million. During the same quarter last year, the company posted $0.86 earnings per share. On average, equities research analysts expect that Regency Centers Corp will post $1.28 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 22nd were issued a dividend of $0.53 per share. The ex-dividend date was Thursday, May 18th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.48%. This is a positive change from Regency Centers Corp’s previous quarterly dividend of $0.51. Regency Centers Corp’s dividend payout ratio (DPR) is currently 140.85%.

A number of brokerages have commented on REG. Jefferies Group LLC reaffirmed a “hold” rating and set a $72.00 price target on shares of Regency Centers Corp in a research report on Friday, May 26th. TheStreet cut Regency Centers Corp from a “b” rating to a “c” rating in a research report on Tuesday, May 9th. Zacks Investment Research cut Regency Centers Corp from a “buy” rating to a “hold” rating in a research report on Monday, March 27th. Barclays PLC began coverage on Regency Centers Corp in a research report on Monday, March 6th. They set an “equal weight” rating and a $72.00 price target for the company. Finally, Citigroup Inc reaffirmed a “neutral” rating and set a $72.00 price target on shares of Regency Centers Corp in a research report on Thursday, March 2nd. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $75.50.

In related news, Director John C. Schweitzer sold 4,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $61.13, for a total value of $244,520.00. Following the completion of the sale, the director now owns 46,694 shares in the company, valued at $2,854,404.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Lisa Palmer sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $66.52, for a total transaction of $665,200.00. Following the completion of the sale, the insider now owns 36,728 shares of the company’s stock, valued at approximately $2,443,146.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,750 shares of company stock worth $1,147,950. 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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