Renaissance Technologies LLC raised its position in Regency Centers Corporation (NASDAQ:REG – Free Report) by 21.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 549,695 shares of the company’s stock after buying an additional 97,900 shares during the period. Renaissance Technologies LLC’s holdings in Regency Centers were worth $41,590,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Regency Centers in the fourth quarter valued at approximately $1,183,667,000. State Street Corp grew its holdings in Regency Centers by 1.4% during the 4th quarter. State Street Corp now owns 12,572,876 shares of the company’s stock worth $877,261,000 after acquiring an additional 168,884 shares during the last quarter. Principal Financial Group Inc. increased its position in Regency Centers by 10.3% in the 1st quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock valued at $756,967,000 after acquiring an additional 931,272 shares during the period. Geode Capital Management LLC raised its stake in shares of Regency Centers by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock valued at $338,110,000 after acquiring an additional 67,739 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Regency Centers by 7.2% during the fourth quarter. Invesco Ltd. now owns 4,261,437 shares of the company’s stock worth $294,167,000 after purchasing an additional 287,397 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total transaction of $626,708.62. Following the transaction, the insider owned 33,069 shares in the company, valued at $2,614,435.14. The trade was a 19.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $78.40, for a total transaction of $21,529,816.00. The SEC filing for this sale provides additional information. Insiders sold 283,782 shares of company stock worth $22,255,898 in the last quarter. 1.00% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Regency Centers
Regency Centers Trading Up 0.2%
Shares of REG stock opened at $82.34 on Tuesday. The company 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 stock has a 50 day simple moving average of $79.45 and a two-hundred day simple moving average of $77.26. 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.
Regency Centers Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were given a dividend of $0.755 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.02 annualized dividend and a dividend yield of 3.7%. Regency Centers’s dividend payout ratio (DPR) is 104.14%.
Regency Centers Company 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.
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