Teachers Insurance & Annuity Association of America boosted its holdings in Regency Centers Corp (NYSE:REG) by 46.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 207,335 shares of the real estate investment trust’s stock after purchasing an additional 65,969 shares during the period. Regency Centers accounts for approximately 1.6% of Teachers Insurance & Annuity Association of America’s portfolio, making the stock its 21st largest position. Teachers Insurance & Annuity Association of America’s holdings in Regency Centers were worth $13,837,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of REG. Korea Investment CORP grew its position in Regency Centers by 495.2% during the second quarter. Korea Investment CORP now owns 12,500 shares of the real estate investment trust’s stock worth $834,000 after buying an additional 10,400 shares in the last quarter. FMR LLC lifted its position in shares of Regency Centers by 1.6% in the 1st quarter. FMR LLC now owns 3,612,375 shares of the real estate investment trust’s stock worth $243,799,000 after acquiring an additional 57,663 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Regency Centers by 17.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 31,312 shares of the real estate investment trust’s stock worth $2,090,000 after acquiring an additional 4,752 shares during the period. Calamos Advisors LLC acquired a new stake in shares of Regency Centers during the 2nd quarter worth approximately $6,071,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Regency Centers by 3.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 16,221 shares of the real estate investment trust’s stock worth $1,095,000 after purchasing an additional 477 shares in the last quarter. Institutional investors own 93.87% of the company’s stock.

A number of research analysts recently commented on REG shares. Scotiabank upgraded Regency Centers from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $68.00 to $72.00 in a research note on Friday, August 16th. Compass Point began coverage on shares of Regency Centers in a research note on Thursday, August 15th. They set a “neutral” rating and a $67.00 price target on the stock. BMO Capital Markets set a $64.00 price target on shares of Regency Centers and gave the stock a “hold” rating in a research note on Friday, August 2nd. Finally, Citigroup set a $76.00 price target on shares of Regency Centers and gave the company a “buy” rating in a report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $68.83.

NYSE:REG traded up $0.49 during trading hours on Wednesday, reaching $68.71. The company had a trading volume of 40,727 shares, compared to its average volume of 854,425. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $65.31 and a two-hundred day moving average of $66.45. Regency Centers Corp has a one year low of $55.50 and a one year high of $70.26. The firm has a market capitalization of $11.49 billion, a PE ratio of 18.63, a PEG ratio of 2.50 and a beta of 0.37.

Regency Centers (NYSE:REG) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $268.43 million for the quarter, compared to the consensus estimate of $271.87 million. During the same period in the previous year, the business posted $0.28 earnings per share. As a group, sell-side analysts expect that Regency Centers Corp will post 3.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Monday, August 12th were given a dividend of $0.585 per share. This represents a $2.34 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, August 9th. Regency Centers’s dividend payout ratio (DPR) is currently 63.41%.

In other news, VP Dan M. Chandler III sold 3,500 shares of the firm’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 transaction of $228,025.00. Following the completion of the sale, the vice president now owns 15,457 shares of the company’s stock, valued at $1,007,023.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider H Craig Ramey sold 1,210 shares of the firm’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 transaction of $79,000.90. Following the sale, the insider now directly owns 15,766 shares of the company’s stock, valued at approximately $1,029,362.14. The disclosure for this sale can be found here. Insiders have sold a total of 9,783 shares of company stock valued at $639,965 over the last three months. 1.10% of the stock is currently owned by insiders.

Regency Centers Company Profile

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

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