Robeco Institutional Asset Management B.V. Cuts Stock Holdings in Regency Centers Corporation $REG

Robeco Institutional Asset Management B.V. trimmed its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 562,260 shares of the company’s stock after selling 7,598 shares during the period. Robeco Institutional Asset Management B.V. owned 0.31% of Regency Centers worth $38,813,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Norinchukin Bank The grew its stake in Regency Centers by 0.8% during the third quarter. Norinchukin Bank The now owns 17,730 shares of the company’s stock valued at $1,293,000 after acquiring an additional 147 shares in the last quarter. Park Avenue Securities LLC grew its stake in Regency Centers by 5.2% during the third quarter. Park Avenue Securities LLC now owns 3,040 shares of the company’s stock valued at $222,000 after acquiring an additional 149 shares in the last quarter. Telos Capital Management Inc. grew its stake in Regency Centers by 2.9% during the fourth quarter. Telos Capital Management Inc. now owns 5,378 shares of the company’s stock valued at $371,000 after acquiring an additional 153 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Regency Centers by 63.1% during the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 157 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Regency Centers by 13.9% during the third quarter. Jones Financial Companies Lllp now owns 1,293 shares of the company’s stock valued at $92,000 after purchasing an additional 158 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

REG has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Barclays increased their price objective on shares of Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Weiss Ratings upgraded shares of Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Robert W. Baird set a $84.00 price objective on shares of Regency Centers in a research report on Tuesday, February 10th. Finally, Truist Financial increased their price objective on shares of Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.14.

Regency Centers Price Performance

Regency Centers stock opened at $78.33 on Tuesday. The firm has a 50-day moving average price of $76.75 and a 200-day moving average price of $72.57. The firm has a market capitalization of $14.34 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 3.38 and a beta of 0.90. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. Regency Centers Corporation has a 12-month low of $66.86 and a 12-month high of $79.89.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were issued a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Wednesday, March 11th. Regency Centers’s dividend payout ratio (DPR) is 107.86%.

Insider Activity

In other news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $77.21, for a total value of $2,933,980.00. Following the completion of the sale, the chairman owned 157,892 shares in the company, valued at approximately $12,190,841.32. This trade represents a 19.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 177,490 shares of company stock valued at $13,839,932. 1.00% of the stock is currently owned by company insiders.

Regency Centers Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.