Pasadena Private Wealth LLC Invests $502,000 in Regency Centers Corporation $REG

Pasadena Private Wealth LLC acquired a new position in Regency Centers Corporation (NASDAQ:REGFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,267 shares of the company’s stock, valued at approximately $502,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp grew its stake in Regency Centers by 3.1% in the third quarter. State Street Corp now owns 12,403,992 shares of the company’s stock worth $912,739,000 after purchasing an additional 368,031 shares in the last quarter. Geode Capital Management LLC grew its stake in Regency Centers by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock worth $338,110,000 after purchasing an additional 67,739 shares in the last quarter. Boston Partners grew its stake in Regency Centers by 2.1% in the third quarter. Boston Partners now owns 3,540,137 shares of the company’s stock worth $258,062,000 after purchasing an additional 72,584 shares in the last quarter. Legal & General Group Plc grew its stake in Regency Centers by 2.8% in the fourth quarter. Legal & General Group Plc now owns 1,705,024 shares of the company’s stock worth $117,698,000 after purchasing an additional 46,438 shares in the last quarter. Finally, UBS Group AG grew its stake in Regency Centers by 78.8% in the third 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 in the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on REG. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating in a research note on Friday. Evercore set a $80.00 target price on Regency Centers in a research report on Friday, May 1st. Robert W. Baird set a $84.00 target price on Regency Centers in a research report on Tuesday, February 10th. Citigroup increased their target price on Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, Morgan Stanley increased their target price on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $81.93.

Read Our Latest Stock Report on REG

Insiders Place Their Bets

In related news, 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 value of $21,529,816.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total value of $626,708.62. Following the completion of the transaction, the insider owned 33,069 shares of the company’s stock, valued at $2,614,435.14. This trade represents a 19.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 450,032 shares of company stock valued at $35,233,456 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

Regency Centers Stock Down 0.5%

Regency Centers stock opened at $78.52 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 3.35 and a beta of 0.82. Regency Centers Corporation has a 1-year low of $66.86 and a 1-year high of $81.66. The business has a fifty day moving average price of $77.79 and a 200-day moving average price of $74.21.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be paid a $0.755 dividend. The ex-dividend date is Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a yield of 3.8%. Regency Centers’s dividend payout ratio (DPR) is 104.14%.

About Regency Centers

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Regency Centers (NASDAQ:REG)

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