Regency Centers Corporation (REG) Stake Increased by Morgan Stanley

Morgan Stanley raised its stake in Regency Centers Corporation (NYSE:REG) by 21.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,529,064 shares of the real estate investment trust’s stock after buying an additional 814,547 shares during the period. Morgan Stanley owned 4.35% of Regency Centers Corporation worth $300,685,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Pacad Investment Ltd. purchased a new stake in Regency Centers Corporation during the fourth quarter worth about $241,000. Allianz Asset Management AG purchased a new stake in Regency Centers Corporation during the fourth quarter worth about $1,289,000. Credit Agricole S A increased its stake in Regency Centers Corporation by 45.1% in the fourth quarter. Credit Agricole S A now owns 102,376 shares of the real estate investment trust’s stock worth $7,059,000 after buying an additional 31,838 shares in the last quarter. Davis Selected Advisers purchased a new stake in Regency Centers Corporation during the fourth quarter worth about $5,920,000. Finally, Asset Management One Co. Ltd. increased its stake in Regency Centers Corporation by 80.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 437,193 shares of the real estate investment trust’s stock worth $29,923,000 after buying an additional 194,646 shares in the last quarter. Institutional investors own 86.94% of the company’s stock.

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

Regency Centers Corporation (NYSE:REG) traded down 1.99% on Monday, reaching $60.23. The company had a trading volume of 2,649,729 shares. Regency Centers Corporation has a 1-year low of $58.63 and a 1-year high of $85.35. The stock’s 50 day moving average is $61.86 and its 200-day moving average is $66.38. The stock has a market capitalization of $10.22 billion, a P/E ratio of 103.84 and a beta of 0.59.

Regency Centers Corporation (NYSE:REG) last released its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.07. The business had revenue of $189.43 million for the quarter, compared to the consensus estimate of $185.43 million. Regency Centers Corporation had a return on equity of 2.75% and a net margin of 13.68%. During the same quarter last year, the business posted $0.86 earnings per share. On average, equities analysts predict that Regency Centers Corporation will post $1.15 EPS for the current fiscal year.

The company also recently announced 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 3.52%. The ex-dividend date was Thursday, May 18th. This is an increase from Regency Centers Corporation’s previous quarterly dividend of $0.51. Regency Centers Corporation’s dividend payout ratio (DPR) is 316.42%.

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A number of equities research analysts have issued reports on REG shares. Jefferies Group LLC upgraded Regency Centers Corporation from a “hold” rating to a “buy” rating and boosted their price target for the company from $72.00 to $74.00 in a research note on Friday. Zacks Investment Research downgraded Regency Centers Corporation from a “buy” rating to a “hold” rating in a research note on Monday, March 27th. Barclays PLC started coverage on Regency Centers Corporation in a research note on Monday, March 6th. They set an “equal weight” rating and a $72.00 price target for the company. Citigroup Inc. restated a “neutral” rating and set a $72.00 price target on shares of Regency Centers Corporation in a research note on Thursday, March 2nd. Finally, BidaskClub upgraded Regency Centers Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $74.90.

In other news, Director John C. Schweitzer sold 4,000 shares of the firm’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 value of $244,520.00. Following the transaction, the director now owns 46,694 shares in the company, valued at $2,854,404.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider H Craig Ramey sold 750 shares of Regency Centers Corporation stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $66.44, for a total value of $49,830.00. Following the transaction, the insider now owns 16,817 shares in the company, valued at approximately $1,117,321.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,798 shares of company stock worth $359,504. Company insiders own 12.66% of the company’s stock.

Regency Centers Corporation Company Profile

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.

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