First Trust Advisors LP cut its holdings in shares of Regency Centers Corporation (NASDAQ:REG – Free Report) by 8.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 547,897 shares of the company’s stock after selling 52,497 shares during the quarter. First Trust Advisors LP’s holdings in Regency Centers were worth $41,454,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently modified their holdings of the business. Havemeyer Place LP purchased a new stake in shares of Regency Centers during the 4th quarter valued at approximately $26,000. Brown Brothers Harriman & Co. raised its holdings in Regency Centers by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 157 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Regency Centers during the 2nd quarter valued at $31,000. Hantz Financial Services Inc. lifted its position in shares of Regency Centers by 388.9% during the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after acquiring an additional 350 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Regency Centers during the second quarter worth $34,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.
Insiders Place Their Bets
In other news, insider Terah L. Devereaux sold 1,240 shares of Regency Centers stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $80.14, for a total transaction of $99,373.60. Following the completion of the sale, the insider owned 17,990 shares in the company, valued at approximately $1,441,718.60. This trade represents a 6.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total value of $626,708.62. Following the transaction, the insider directly owned 33,069 shares of the company’s stock, valued at $2,614,435.14. The trade was a 19.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 283,782 shares of company stock worth $22,255,898 in the last ninety days. 1.00% of the stock is currently owned by insiders.
Analyst Ratings Changes
Get Our Latest Stock Report on REG
Regency Centers Trading Up 0.2%
Regency Centers stock opened at $82.34 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $83.66. The stock has a market cap of $15.08 billion, a P/E ratio of 28.39, a PEG ratio of 3.48 and a beta of 0.80. The firm’s fifty day moving average price is $79.45 and its 200-day moving average price is $77.26.
Regency Centers Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, June 12th. Regency Centers’s payout ratio is presently 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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