QRG Capital Management Inc. Sells 7,007 Shares of Regency Centers Corporation $REG

QRG Capital Management Inc. cut its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 19.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 28,917 shares of the company’s stock after selling 7,007 shares during the quarter. QRG Capital Management Inc.’s holdings in Regency Centers were worth $2,188,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Havemeyer Place LP purchased a new stake in Regency Centers in the fourth quarter worth $26,000. Brown Brothers Harriman & Co. raised its holdings in Regency Centers by 63.1% in the 3rd 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. CYBER HORNET ETFs LLC bought a new position in Regency Centers in the 2nd quarter worth $31,000. Hantz Financial Services Inc. lifted its position in shares of Regency Centers by 388.9% in the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after purchasing an additional 350 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Regency Centers in the 2nd quarter worth about $34,000. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling at Regency Centers

In other news, insider Terah L. Devereaux sold 1,240 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $80.14, for a total value of $99,373.60. Following the sale, the insider directly owned 17,990 shares of the company’s stock, valued at $1,441,718.60. The trade was a 6.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $78.40, for a total value of $21,529,816.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 283,782 shares of company stock valued at $22,255,898. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on REG shares. Barclays boosted their price target on shares of Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Wells Fargo & Company lifted their price objective on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Scotiabank upped their target price on Regency Centers from $76.00 to $82.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 24th. UBS Group increased their target price on Regency Centers from $75.00 to $81.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Finally, BTIG Research restated a “buy” rating and issued a $85.00 target price on shares of Regency Centers in a research note on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and a consensus target price of $82.62.

Regency Centers Stock Up 2.4%

Shares of Regency Centers stock traded up $1.88 during trading on Tuesday, hitting $81.72. The company’s stock had a trading volume of 86,295 shares, compared to its average volume of 1,431,921. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $81.93. The company has a market capitalization of $14.96 billion, a PE ratio of 28.19, a P/E/G ratio of 3.43 and a beta of 0.80. The company has a fifty day simple moving average of $78.58 and a two-hundred day simple moving average of $75.97. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a dividend of $0.755 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.7%. Regency Centers’s dividend payout ratio (DPR) is currently 104.14%.

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.