Daiwa Securities Group Inc. Grows Holdings in Regency Centers Corporation $REG

Daiwa Securities Group Inc. raised its position in Regency Centers Corporation (NASDAQ:REG) by 103.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 173,954 shares of the company’s stock after purchasing an additional 88,257 shares during the period. Daiwa Securities Group Inc.’s holdings in Regency Centers were worth $12,008,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norinchukin Bank The increased its holdings in Regency Centers by 0.8% in the third quarter. Norinchukin Bank The now owns 17,730 shares of the company’s stock valued at $1,293,000 after buying an additional 147 shares in the last quarter. Telos Capital Management Inc. increased its stake in shares of Regency Centers by 2.9% during the fourth quarter. Telos Capital Management Inc. now owns 5,378 shares of the company’s stock worth $371,000 after purchasing an additional 153 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Regency Centers by 63.1% during the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 157 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Regency Centers by 13.9% during the third quarter. Jones Financial Companies Lllp now owns 1,293 shares of the company’s stock worth $92,000 after purchasing an additional 158 shares in the last quarter. Finally, Cibc World Market Inc. increased its stake in shares of Regency Centers by 0.4% during the third quarter. Cibc World Market Inc. now owns 43,561 shares of the company’s stock worth $3,176,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on REG shares. Barclays boosted their target price on shares of Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Wells Fargo & Company boosted their target price on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. UBS Group boosted their target price on shares of Regency Centers from $75.00 to $81.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Morgan Stanley boosted their target price on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 target price for the company. in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, Regency Centers has a consensus rating of “Hold” and a consensus target price of $82.07.

Insider Transactions at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,614,435.14. The trade was a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was 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 450,032 shares of company stock worth $35,233,456 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Regency Centers Stock Performance

REG opened at $77.72 on Friday. The firm has a market capitalization of $14.23 billion, a PE ratio of 26.80, a PEG ratio of 3.29 and a beta of 0.81. Regency Centers Corporation has a twelve month low of $66.86 and a twelve month high of $81.66. The firm’s 50-day moving average price is $77.96 and its 200 day moving average price is $74.46. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be given a dividend of $0.755 per share. The ex-dividend date is Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a yield of 3.9%. Regency Centers’s payout ratio is presently 104.14%.

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.