Inceptionr LLC Makes New Investment in Regency Centers Corporation $REG

Inceptionr LLC bought a new stake in Regency Centers Corporation (NASDAQ:REGFree Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,468 shares of the company’s stock, valued at approximately $1,019,000.

A number of other institutional investors have also modified their holdings of the stock. Sei Investments Co. raised its stake in shares of Regency Centers by 22.9% during the first quarter. Sei Investments Co. now owns 101,447 shares of the company’s stock worth $7,675,000 after purchasing an additional 18,934 shares during the last quarter. Lido Advisors LLC purchased a new position in Regency Centers in the 1st quarter valued at $295,000. Cetera Investment Advisers grew its position in Regency Centers by 5.0% in the 1st quarter. Cetera Investment Advisers now owns 13,958 shares of the company’s stock valued at $1,056,000 after buying an additional 668 shares during the last quarter. CI Investments Inc. grew its position in Regency Centers by 0.7% in the 1st quarter. CI Investments Inc. now owns 557,239 shares of the company’s stock valued at $42,161,000 after buying an additional 3,970 shares during the last quarter. Finally, Westpac Banking Corp increased its stake in Regency Centers by 16.6% in the 1st quarter. Westpac Banking Corp now owns 60,867 shares of the company’s stock valued at $4,605,000 after buying an additional 8,666 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Transactions at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total transaction of $626,708.62. Following the transaction, the insider directly owned 33,069 shares of the company’s stock, valued at $2,614,435.14. This represents a 19.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the 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 SEC filing for this sale provides additional information. Insiders have sold a total of 283,782 shares of company stock valued at $22,255,898 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Regency Centers Trading Up 1.2%

NASDAQ:REG opened at $82.15 on Friday. The stock has a fifty day moving average price of $79.35 and a two-hundred day moving average price of $77.11. The stock has a market capitalization of $15.04 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 3.44 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. Regency Centers Corporation has a 1 year low of $66.86 and a 1 year high of $83.66.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, June 12th. Regency Centers’s payout ratio is presently 104.14%.

Analysts Set New Price Targets

A number of equities analysts have commented on REG shares. Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price objective for the company. in a research report on Friday, May 29th. Jefferies Financial Group raised shares of Regency Centers to a “strong-buy” rating in a report on Friday, June 26th. UBS Group boosted their price target on shares of Regency Centers from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Barclays increased 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, Wells Fargo & Company raised their price objective on shares of Regency Centers from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Regency Centers presently has a consensus rating of “Moderate Buy” and an average price target of $83.06.

Get Our Latest Report on Regency Centers

Regency Centers Profile

(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.

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

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