Legal & General Group Plc raised its position in Regency Centers Corp. (NYSE:REG) by 7.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 570,825 shares of the real estate investment trust’s stock after buying an additional 41,403 shares during the period. Legal & General Group Plc owned about 0.59% of Regency Centers Corp. worth $42,727,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Invictus RG acquired a new position in Regency Centers Corp. during the first quarter worth approximately $136,000. Hyman Charles D acquired a new position in Regency Centers Corp. during the first quarter worth approximately $597,000. Centre Asset Management LLC boosted its position in Regency Centers Corp. by 29.3% in the first quarter. Centre Asset Management LLC now owns 9,320 shares of the real estate investment trust’s stock worth $698,000 after buying an additional 2,110 shares in the last quarter. Wellington Management Group LLP acquired a new position in Regency Centers Corp. during the first quarter worth approximately $850,000. Finally, OMERS ADMINISTRATION Corp boosted its position in Regency Centers Corp. by 67.5% in the first quarter. OMERS ADMINISTRATION Corp now owns 13,900 shares of the real estate investment trust’s stock worth $1,040,000 after buying an additional 5,600 shares in the last quarter.
Shares of Regency Centers Corp. (NYSE:REG) traded down 0.09% during trading on Wednesday, reaching $81.82. The company’s stock had a trading volume of 820,698 shares. Regency Centers Corp. has a 1-year low of $55.79 and a 1-year high of $85.35. The stock has a 50 day moving average of $81.15 and a 200-day moving average of $75.54. The company has a market capitalization of $7.96 billion and a PE ratio of 51.62.
A number of research firms recently commented on REG. Deutsche Bank AG reissued a “hold” rating on shares of Regency Centers Corp. in a report on Sunday, May 22nd. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $74.00 price objective on shares of Regency Centers Corp. in a research note on Thursday, May 5th. Jefferies Group reaffirmed a “hold” rating and issued a $78.00 price objective on shares of Regency Centers Corp. in a research note on Wednesday, July 6th. Zacks Investment Research downgraded Regency Centers Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Finally, Boenning Scattergood started coverage on Regency Centers Corp. in a research note on Tuesday, June 28th. They issued a “neutral” rating on the stock. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $73.64.
In other news, VP Dan M. Chandler III sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $79.55, for a total value of $159,100.00. Following the transaction, the vice president now owns 143 shares in the company, valued at $11,375.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Nicholas Andrew Wibbenmeyer sold 1,969 shares of the firm’s stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $78.10, for a total value of $153,778.90. The disclosure for this sale can be found here.
Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers, L.P. (Operating Partnership). The Company’s operating, investing and financing activities are performed through the Operating Partnership, its subsidiaries and through its co-investment partnerships.
