Sargent Investment Group LLC purchased a new stake in Regency Centers Corporation (NASDAQ:REG – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,513 shares of the company’s stock, valued at approximately $864,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Regency Centers during the 4th quarter worth about $1,183,667,000. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Regency Centers during the 4th quarter worth about $56,480,000. Goldman Sachs Group Inc. grew its holdings in shares of Regency Centers by 75.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,806,165 shares of the company’s stock worth $124,680,000 after purchasing an additional 775,609 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Regency Centers during the 3rd quarter worth about $47,563,000. Finally, UBS Group AG grew its holdings in shares of Regency Centers by 78.8% during the 3rd quarter. UBS Group AG now owns 1,337,215 shares of the company’s stock worth $97,483,000 after purchasing an additional 589,327 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.
Insiders Place Their Bets
In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the transaction, the insider owned 17,990 shares in the company, valued at $1,441,718.60. This represents a 6.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $78.40, for a total value of $21,529,816.00. The SEC filing for this sale provides additional information. Insiders sold a total of 283,782 shares of company stock worth $22,255,898 in the last 90 days. 1.00% of the stock is owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Report on Regency Centers
Regency Centers Stock Down 1.3%
NASDAQ REG opened at $79.26 on Tuesday. The stock has a market cap of $14.51 billion, a PE ratio of 27.33, a P/E/G ratio of 3.40 and a beta of 0.81. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $81.66. The business has a 50 day moving average price of $78.46 and a two-hundred day moving average price of $74.89. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72.
Regency Centers Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, June 12th. Regency Centers’s dividend payout ratio is currently 104.14%.
About Regency Centers
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.
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