Geode Capital Management LLC grew its stake in Regency Centers Corporation (NASDAQ:REG – Free Report) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,915,089 shares of the company’s stock after purchasing an additional 67,739 shares during the period. Geode Capital Management LLC’s holdings in Regency Centers were worth $338,110,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. lifted its stake in shares of Regency Centers by 388.9% in the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after purchasing an additional 350 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Regency Centers by 63.1% in the 3rd 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. CYBER HORNET ETFs LLC bought a new stake in shares of Regency Centers in the 2nd quarter valued at approximately $31,000. MUFG Securities EMEA plc bought a new stake in shares of Regency Centers in the 2nd quarter valued at approximately $34,000. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of Regency Centers by 56.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 571 shares of the company’s stock valued at $39,000 after purchasing an additional 205 shares during the last quarter. 96.07% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
REG has been the topic of several recent analyst reports. Evercore set a $80.00 price target on Regency Centers in a report on Friday, May 1st. Wells Fargo & Company increased their price target on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a report on Friday. Truist Financial increased their price target on Regency Centers from $77.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Robert W. Baird set a $84.00 price target on Regency Centers in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $82.07.
Regency Centers Stock Down 1.6%
Shares of NASDAQ REG opened at $76.14 on Tuesday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $13.94 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 3.28 and a beta of 0.81. The stock’s fifty day simple moving average is $77.79 and its two-hundred day simple moving average is $74.30. Regency Centers Corporation has a 12-month low of $66.86 and a 12-month high of $81.66.
Regency Centers Dividend Announcement
The firm 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 dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, June 12th. Regency Centers’s payout ratio is 104.14%.
Insider Buying and Selling at Regency Centers
In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total transaction of $626,708.62. Following the completion of the sale, the insider owned 33,069 shares of the company’s stock, valued at approximately $2,614,435.14. The trade was a 19.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of Regency Centers stock in a transaction dated 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. Over the last 90 days, insiders have sold 450,032 shares of company stock worth $35,233,456. 1.00% of the stock is 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.
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