Choreo LLC Invests $205,000 in Regency Centers Co. (NASDAQ:REG)

Choreo LLC bought a new position in Regency Centers Co. (NASDAQ:REG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,311 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Regency Centers by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock valued at $1,749,520,000 after purchasing an additional 830,572 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Regency Centers by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock valued at $547,995,000 after purchasing an additional 873,062 shares during the period. Principal Financial Group Inc. boosted its position in Regency Centers by 4.2% during the 2nd quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock valued at $555,009,000 after purchasing an additional 357,091 shares during the period. Boston Partners boosted its position in Regency Centers by 4.1% during the 1st quarter. Boston Partners now owns 4,192,951 shares of the company’s stock valued at $253,902,000 after purchasing an additional 166,354 shares during the period. Finally, PGGM Investments boosted its position in Regency Centers by 2,586.9% during the 2nd quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock valued at $103,912,000 after purchasing an additional 1,608,431 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Down 1.7 %

REG opened at $72.13 on Friday. Regency Centers Co. has a one year low of $56.29 and a one year high of $75.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The stock’s fifty day moving average is $69.86 and its 200-day moving average is $63.59. The company has a market capitalization of $13.33 billion, a PE ratio of 35.19, a P/E/G ratio of 4.63 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last announced its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). The company had revenue of $357.25 million for the quarter, compared to analyst estimates of $361.56 million. Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. During the same period last year, the firm earned $1.03 earnings per share. On average, equities analysts predict that Regency Centers Co. will post 4.23 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.72%. The ex-dividend date is Thursday, September 12th. Regency Centers’s payout ratio is 130.73%.

Insider Activity at Regency Centers

In related news, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the transaction, the vice president now directly owns 13,010 shares of the company’s stock, valued at $905,105.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the transaction, the chairman now owns 307,199 shares in the company, valued at $21,503,930. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Herman sold 1,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the transaction, the vice president now owns 13,010 shares in the company, valued at approximately $905,105.70. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of analyst reports. Compass Point boosted their price objective on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price target on Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Evercore ISI lowered Regency Centers from an “outperform” rating to an “inline” rating and boosted their price target for the stock from $72.00 to $75.00 in a research report on Monday. Wells Fargo & Company boosted their price target on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Finally, Scotiabank boosted their price target on Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.55.

Regency Centers Company Profile

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. 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.