Creative Planning Buys 816 Shares of Regency Centers Co. (NASDAQ:REG)

Creative Planning lifted its stake in Regency Centers Co. (NASDAQ:REG) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,276 shares of the company’s stock after purchasing an additional 816 shares during the period. Creative Planning’s holdings in Regency Centers were worth $959,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Fidelis Capital Partners LLC bought a new position in Regency Centers during the 1st quarter worth about $27,000. Quest Partners LLC boosted its holdings in shares of Regency Centers by 25,250.0% in the 2nd quarter. Quest Partners LLC now owns 507 shares of the company’s stock valued at $32,000 after buying an additional 505 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Regency Centers in the 2nd quarter valued at about $44,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Regency Centers by 300.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock valued at $58,000 after buying an additional 600 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after buying an additional 716 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Insider Activity at Regency Centers

In other news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the sale, the vice president now directly owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on REG shares. Scotiabank raised their price target on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Robert W. Baird raised their price target on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and raised their price target for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. Evercore ISI raised shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Mizuho lifted their target price on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $76.67.

Regency Centers Stock Down 0.0 %

Shares of NASDAQ:REG opened at $71.42 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.93. The firm has a market capitalization of $12.96 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 4.52 and a beta of 1.21. The firm’s 50-day moving average is $72.14 and its two-hundred day moving average is $66.14. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $75.26.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. The business had revenue of $360.27 million for the quarter, compared to analysts’ expectations of $355.17 million. During the same quarter last year, the company earned $1.02 earnings per share. Analysts predict that Regency Centers Co. will post 4.24 EPS for the current year.

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.