Pensionfund Sabic Invests $1.34 Million in Regency Centers Corporation $REG

Pensionfund Sabic purchased a new position in shares of Regency Centers Corporation (NASDAQ:REG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,399 shares of the company’s stock, valued at approximately $1,339,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. AQR Capital Management LLC boosted its position 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 worth $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 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock valued at $1,099,000 after acquiring an additional 557 shares in the last quarter. Empowered Funds LLC boosted its position in Regency Centers by 9.6% during the 1st 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 last quarter. Jane Street Group LLC boosted its position in Regency Centers by 81.5% during the 1st 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 last quarter. Finally, Intech Investment Management LLC grew its stake in shares of 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 currently owned by institutional investors and hedge funds.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $74.58 on Wednesday. The firm has a 50 day moving average of $75.26 and a 200-day moving average of $72.05. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $79.89. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $13.64 billion, a PE ratio of 26.64, a PEG ratio of 3.21 and a beta of 0.91.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, March 11th. Regency Centers’s dividend payout ratio is presently 107.86%.

Analysts Set New Price Targets

A number of analysts recently issued reports on REG shares. Deutsche Bank Aktiengesellschaft raised Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Tuesday, January 20th. Weiss Ratings upgraded Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. UBS Group set a $76.00 price target on Regency Centers in a research report on Wednesday, January 14th. Mizuho reiterated a “neutral” rating and set a $74.00 price objective (down from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $76.00 price objective (down from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.14.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $77.21, for a total value of $2,933,980.00. Following the completion of the transaction, the chairman directly owned 157,892 shares in the company, valued at approximately $12,190,841.32. This trade represents a 19.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 177,490 shares of company stock worth $13,839,932. Company insiders own 1.00% of the company’s stock.

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.