Jefferies Financial Group Inc. Lowers Stock Holdings in Regency Centers Corporation $REG

Jefferies Financial Group Inc. reduced its position in Regency Centers Corporation (NASDAQ:REG) by 50.1% in the 4th quarter, Holdings Channel reports. The fund owned 181,996 shares of the company’s stock after selling 182,439 shares during the period. Jefferies Financial Group Inc.’s holdings in Regency Centers were worth $12,563,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Azzad Asset Management Inc. ADV grew its stake in Regency Centers by 68.6% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 53,562 shares of the company’s stock worth $3,697,000 after acquiring an additional 21,799 shares during the period. Pensionfund Sabic purchased a new stake in Regency Centers in the 4th quarter worth approximately $1,339,000. Centersquare Investment Management LLC grew its stake in Regency Centers by 5.7% in the 3rd quarter. Centersquare Investment Management LLC now owns 351,963 shares of the company’s stock worth $25,658,000 after acquiring an additional 18,997 shares during the period. Rakuten Investment Management Inc. purchased a new stake in Regency Centers in the 3rd quarter worth approximately $1,031,000. Finally, Korea Investment CORP grew its stake in Regency Centers by 61.9% in the 3rd quarter. Korea Investment CORP now owns 119,613 shares of the company’s stock worth $8,720,000 after acquiring an additional 45,734 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Price Performance

Shares of REG opened at $78.84 on Monday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. The firm has a market cap of $14.44 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 3.35 and a beta of 0.82. The company’s fifty day moving average is $77.64 and its two-hundred day moving average is $73.94. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $81.66.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a dividend of $0.755 per share. The ex-dividend date is Friday, June 12th. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. Regency Centers’s payout ratio is presently 104.14%.

Analysts Set New Price Targets

REG has been the subject of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. UBS Group lifted their price target on shares of Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Weiss Ratings upgraded shares of Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Evercore set a $80.00 price target on shares of Regency Centers in a report on Friday, May 1st. Finally, Robert W. Baird set a $84.00 price target on shares of Regency Centers in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $81.71.

Insider Buying and Selling at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers 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 owned 33,069 shares in the company, valued at approximately $2,614,435.14. The trade was a 19.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of Regency Centers 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 SEC filing for this sale provides additional information. Insiders have sold a total of 450,032 shares of company stock worth $35,233,456 in the last 90 days. Company insiders own 1.00% of the company’s stock.

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.