Moran Wealth Management LLC lowered its position in Regency Centers Corporation (NASDAQ:REG – Free Report) by 31.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,350 shares of the company’s stock after selling 7,194 shares during the quarter. Moran Wealth Management LLC’s holdings in Regency Centers were worth $1,161,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Inspire Investing LLC grew its stake in Regency Centers by 0.6% in the 1st quarter. Inspire Investing LLC now owns 22,480 shares of the company’s stock valued at $1,701,000 after acquiring an additional 141 shares during the last quarter. Norinchukin Bank The lifted its holdings in shares of Regency Centers by 0.8% in the third quarter. Norinchukin Bank The now owns 17,730 shares of the company’s stock valued at $1,293,000 after purchasing an additional 147 shares in the last quarter. Telos Capital Management Inc. grew its position in shares of Regency Centers by 2.9% in the fourth quarter. Telos Capital Management Inc. now owns 5,378 shares of the company’s stock valued at $371,000 after purchasing an additional 153 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Regency Centers by 63.1% in the third 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. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Regency Centers by 12.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,437 shares of the company’s stock worth $102,000 after purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.
Analyst Ratings Changes
REG has been the topic of a number of analyst reports. BTIG Research reaffirmed a “buy” rating and set a $85.00 price objective on shares of Regency Centers in a research note on Friday, June 12th. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a report on Friday, May 29th. UBS Group raised their price target on shares of Regency Centers from $75.00 to $81.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Barclays lifted their price target on shares of Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $88.00 price objective on shares of Regency Centers in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.62.
Regency Centers Trading Up 2.2%
REG traded up $1.78 during midday trading on Tuesday, hitting $81.62. The company’s stock had a trading volume of 65,975 shares, compared to its average volume of 1,431,661. 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 firm has a market cap of $14.94 billion, a P/E ratio of 28.08, a PEG ratio of 3.43 and a beta of 0.80. The firm has a 50-day moving average price of $78.58 and a two-hundred day moving average price of $75.97. Regency Centers Corporation has a 52-week low of $66.86 and a 52-week high of $81.93.
Regency Centers Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were given a $0.755 dividend. 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 currently 104.14%.
Insider Activity at Regency Centers
In other news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $78.40, for a total transaction of $21,529,816.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Terah L. Devereaux sold 1,240 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $80.14, for a total value of $99,373.60. Following the sale, the insider owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. The trade was a 6.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 283,782 shares of company stock worth $22,255,898. 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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