Russell Investments Group Ltd. Increases Position in Regency Centers Corporation $REG

Russell Investments Group Ltd. grew its position in Regency Centers Corporation (NASDAQ:REG) by 14.9% during the third quarter, Holdings Channel.com reports. The firm owned 668,118 shares of the company’s stock after acquiring an additional 86,408 shares during the period. Russell Investments Group Ltd.’s holdings in Regency Centers were worth $48,681,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new position in shares of Regency Centers during the second quarter worth $31,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Regency Centers in the third quarter valued at $33,000. MUFG Securities EMEA plc acquired a new stake in Regency Centers in the second quarter valued at $34,000. Financial Consulate Inc. purchased a new stake in Regency Centers during the 3rd quarter worth about $38,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Regency Centers by 233.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock worth $41,000 after buying an additional 399 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 129,490 shares of Regency Centers stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $78.33, for a total value of $10,142,951.70. Following the transaction, the chairman directly owned 195,892 shares in the company, valued at approximately $15,344,220.36. This trade represents a 39.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 177,490 shares of company stock valued at $13,839,932. Insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

Shares of REG stock opened at $77.67 on Thursday. The stock’s 50-day moving average is $74.07 and its two-hundred day moving average is $71.83. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $79.89. The firm has a market cap of $14.21 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 3.36 and a beta of 0.91.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a dividend of $0.755 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.9%. Regency Centers’s dividend payout ratio (DPR) is currently 107.86%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on REG shares. Deutsche Bank Aktiengesellschaft upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Tuesday, January 20th. Morgan Stanley restated an “overweight” rating and set a $85.00 target price on shares of Regency Centers in a research note on Monday, January 5th. Scotiabank lowered their price target on Regency Centers from $78.00 to $76.00 and set a “sector perform” rating for the company in a report on Wednesday, January 14th. KeyCorp reiterated a “sector weight” rating on shares of Regency Centers in a research note on Thursday, December 4th. Finally, Truist Financial raised their price objective on shares of Regency Centers from $77.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Regency Centers has a consensus rating of “Moderate Buy” and an average price target of $79.50.

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.