Intech Investment Management LLC boosted its holdings in shares of Regency Centers Corporation (NASDAQ:REG – Free Report) by 41.3% during the 4th quarter, HoldingsChannel reports. The firm owned 29,803 shares of the company’s stock after purchasing an additional 8,706 shares during the period. Intech Investment Management LLC’s holdings in Regency Centers were worth $2,057,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its position in Regency Centers by 388.9% during the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after purchasing an additional 350 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Regency Centers by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Regency Centers during the 2nd quarter worth $31,000. MUFG Securities EMEA plc purchased a new position in Regency Centers during the 2nd quarter worth $34,000. Finally, Creative Financial Designs Inc. ADV grew its position in Regency Centers by 56.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 571 shares of the company’s stock worth $39,000 after purchasing an additional 205 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.
Regency Centers Stock Up 0.4%
REG stock opened at $76.31 on Thursday. Regency Centers Corporation has a one year low of $66.86 and a one year high of $81.66. The stock has a market capitalization of $13.97 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 3.22 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The company has a fifty day moving average of $77.85 and a 200-day moving average of $74.39.
Regency Centers Announces Dividend
Insider Buying and Selling at Regency Centers
In other news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total value of $626,708.62. Following the completion of the sale, the insider owned 33,069 shares in the company, valued at approximately $2,614,435.14. This trade represents a 19.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $78.40, for a total transaction of $21,529,816.00. 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. Company insiders own 1.00% of the company’s stock.
Wall Street Analysts Forecast Growth
REG has been the topic of several research reports. Morgan Stanley raised their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Evercore set a $80.00 price objective on shares of Regency Centers in a research report on Friday, May 1st. Truist Financial raised their target price on shares of Regency Centers from $77.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 target price for the company. in a research note on Friday, May 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Regency Centers in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $82.07.
Read Our Latest Stock Analysis on REG
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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Want to see what other hedge funds are holding REG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regency Centers Corporation (NASDAQ:REG – Free Report).
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