Varma Mutual Pension Insurance Co bought a new stake in shares of Regency Centers Corporation (NASDAQ:REG – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 180,637 shares of the company’s stock, valued at approximately $14,404,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC increased its stake in shares of Regency Centers by 15.4% during the first quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock valued at $4,701,000 after buying an additional 8,563 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Regency Centers by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock worth $1,099,000 after acquiring an additional 557 shares during the period. Empowered Funds LLC lifted its stake in Regency Centers by 9.6% in the first quarter. Empowered Funds LLC now owns 5,856 shares of the company’s stock worth $432,000 after acquiring an additional 511 shares during the period. Jane Street Group LLC lifted its stake in Regency Centers by 81.5% in the first quarter. Jane Street Group LLC now owns 8,247 shares of the company’s stock worth $608,000 after acquiring an additional 3,702 shares during the period. Finally, Intech Investment Management LLC grew its holdings in Regency Centers by 47.6% during the 1st quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock worth $1,476,000 after acquiring an additional 6,451 shares in the last quarter. 96.07% of the stock is owned by institutional investors.
Regency Centers Price Performance
Shares of REG stock opened at $76.06 on Monday. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $83.66. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 3.18 and a beta of 0.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s 50-day simple moving average is $79.29 and its 200-day simple moving average is $78.18.
Regency Centers Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a dividend of $0.755 per share. The ex-dividend date is Friday, September 11th. This represents a $3.02 dividend on an annualized basis and a yield of 4.0%. Regency Centers’s dividend payout ratio is presently 102.37%.
Insider Activity
In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the transaction, the insider owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on REG shares. Barclays increased their price objective on shares of Regency Centers from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Argus set a $85.00 price objective on shares of Regency Centers in a research note on Monday, August 10th. UBS Group upped their target price on Regency Centers from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft lowered Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 target price for the company. in a report on Friday, May 29th. Finally, BTIG Research reiterated a “buy” rating and issued a $85.00 price target on shares of Regency Centers in a report on Friday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and an average target price of $83.82.
View Our Latest 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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