Regency Centers Corporation $REG Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 41.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,245 shares of the company’s stock after selling 8,778 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Regency Centers were worth $926,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Havemeyer Place LP purchased a new position in shares of Regency Centers in the 4th quarter valued at $26,000. Hantz Financial Services Inc. lifted its position in Regency Centers by 388.9% in the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after acquiring an additional 350 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Regency Centers in the second quarter valued at $31,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Regency Centers during the second quarter worth about $34,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of Regency Centers 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 transaction, the insider directly owned 17,990 shares in the company, valued at approximately $1,441,718.60. This trade represents a 6.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were 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. In the last ninety days, insiders have sold 283,782 shares of company stock worth $22,255,898. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on REG shares. Jefferies Financial Group upgraded Regency Centers to a “strong-buy” rating in a research report on Friday, June 26th. Barclays upped their target price on Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Weiss Ratings restated a “buy (b)” rating on shares of Regency Centers in a research note on Friday, May 29th. Citigroup lifted their price target on Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, UBS Group boosted their price objective on Regency Centers from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.94.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $79.62 on Monday. The company has a 50-day simple moving average of $78.57 and a 200-day simple moving average of $76.30. Regency Centers Corporation has a one year low of $66.86 and a one year high of $81.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 3.38 and a beta of 0.80.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, June 12th. Regency Centers’s dividend payout ratio (DPR) 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.