Asset Management One Co. Ltd. Has $26.49 Million Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Asset Management One Co. Ltd. raised its holdings in Regency Centers Co. (NASDAQ:REG) by 3.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 366,702 shares of the company’s stock after buying an additional 13,863 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Regency Centers were worth $26,487,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. PGGM Investments increased its position in Regency Centers by 2,586.9% during the second quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock worth $103,912,000 after acquiring an additional 1,608,431 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 worth $547,995,000 after purchasing an additional 873,062 shares during the period. Vanguard Group Inc. raised its position in shares of Regency Centers by 3.0% during the first quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock valued at $1,749,520,000 after buying an additional 830,572 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Regency Centers by 67.0% during the first quarter. Russell Investments Group Ltd. now owns 987,147 shares of the company’s stock valued at $59,768,000 after buying an additional 395,901 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Regency Centers by 4.2% in the second quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock valued at $555,009,000 after buying an additional 357,091 shares during the period. 96.07% of the stock is owned by institutional investors.

Regency Centers Trading Up 1.2 %

REG stock opened at $72.28 on Tuesday. The business has a fifty day moving average price of $72.16 and a 200 day moving average price of $66.37. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.93. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $75.26. The stock has a market capitalization of $13.12 billion, a price-to-earnings ratio of 33.93, a P/E/G ratio of 4.44 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.50). The firm had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same period in the prior year, the company posted $1.02 EPS. Analysts expect that Regency Centers Co. will post 4.24 EPS for the current fiscal year.

Insider Activity

In related news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the transaction, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on REG shares. Compass Point raised their price objective on Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price target on shares of Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a “buy” rating to a “hold” rating and raised their price objective for the stock from $70.00 to $75.00 in a report on Thursday, September 26th. Raymond James increased their price target on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Finally, Evercore ISI raised Regency Centers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $76.92.

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.