JPMorgan Chase & Co. reduced its holdings in Regency Centers Corporation (NASDAQ:REG – Free Report) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,191,587 shares of the company’s stock after selling 82,282 shares during the quarter. JPMorgan Chase & Co. owned about 0.06% of Regency Centers worth $703,525,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in REG. Norges Bank acquired a new stake in shares of Regency Centers in the fourth quarter valued at about $1,183,667,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Regency Centers in the fourth quarter valued at about $56,480,000. Goldman Sachs Group Inc. grew its position in shares of Regency Centers by 75.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,806,165 shares of the company’s stock valued at $124,680,000 after purchasing an additional 775,609 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Regency Centers in the third quarter valued at about $47,563,000. Finally, UBS Group AG grew its position in shares of Regency Centers by 78.8% in the third quarter. UBS Group AG now owns 1,337,215 shares of the company’s stock valued at $97,483,000 after purchasing an additional 589,327 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
REG has been the topic of several research analyst reports. Robert W. Baird set a $84.00 price target on Regency Centers in a research report on Tuesday, February 10th. Morgan Stanley raised their price target on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Wells Fargo & Company raised their price target on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Evercore set a $80.00 price target on Regency Centers in a research report on Friday, May 1st. Finally, UBS Group lifted their target price on Regency Centers from $75.00 to $81.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $82.07.
Regency Centers Stock Up 2.6%
REG stock opened at $79.55 on Wednesday. Regency Centers Corporation has a twelve month low of $66.86 and a twelve month high of $81.66. The company has a market cap of $14.57 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. The business’s 50-day simple moving average is $78.13 and its 200 day simple moving average is $74.63. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72.
Regency Centers Announces Dividend
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 given a dividend of $0.755 per share. The ex-dividend date of this dividend 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%.
Insider Transactions at Regency Centers
In related 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 sale, the insider directly owned 33,069 shares of the company’s stock, valued at $2,614,435.14. This trade represents a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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. 1.00% of the stock is owned by company insiders.
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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