International Assets Investment Management LLC Acquires 18,313 Shares of Regency Centers Co. (NASDAQ:REG)

International Assets Investment Management LLC grew its stake in Regency Centers Co. (NASDAQ:REG) by 7,209.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,567 shares of the company’s stock after buying an additional 18,313 shares during the quarter. International Assets Investment Management LLC’s holdings in Regency Centers were worth $1,341,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Greenleaf Trust lifted its position in Regency Centers by 5.5% during the 3rd quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock worth $330,000 after buying an additional 238 shares in the last quarter. Friedenthal Financial acquired a new position in Regency Centers during the third quarter worth approximately $807,000. Blue Trust Inc. increased its holdings in shares of Regency Centers by 310.1% during the 3rd quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $249,000 after acquiring an additional 2,602 shares during the last quarter. Vert Asset Management LLC boosted its position in Regency Centers by 0.8% during the third quarter. Vert Asset Management LLC now owns 70,677 shares of the company’s stock worth $5,105,000 after purchasing an additional 576 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Regency Centers by 6.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,721 shares of the company’s stock valued at $3,591,000 after purchasing an additional 2,840 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Trading Up 1.2 %

Shares of REG stock opened at $72.28 on Tuesday. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 4.45 and a beta of 1.21. The company has a 50-day simple moving average of $72.16 and a two-hundred day simple moving average of $66.37. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.95. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $75.26.

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

Insider Activity at Regency Centers

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the transaction, the vice president now owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of research analyst reports. Raymond James boosted their price objective on Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and increased their target price for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. Compass Point increased their price target on Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. KeyCorp assumed coverage on Regency Centers in a research report on Friday, October 25th. They set an “overweight” rating and a $80.00 target price for the company. Finally, Evercore ISI upgraded Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Regency Centers has an average rating of “Buy” and a consensus target price of $76.92.

Regency Centers 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.