Mitsubishi UFJ Trust & Banking Corp Sells 46,772 Shares of Regency Centers Corporation $REG

by · The Cerbat Gem

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of Regency Centers Corporation (NASDAQ:REG – Free Report) by 40.0% during the third quarter, Holdings Channel reports. The firm owned 70,260 shares of the company’s stock after selling 46,772 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Regency Centers were worth $5,122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Park Avenue Securities LLC increased its position in shares of Regency Centers by 5.2% during the third quarter. Park Avenue Securities LLC now owns 3,040 shares of the company’s stock valued at $222,000 after buying an additional 149 shares during the period. Atria Investments Inc boosted its position in Regency Centers by 3.3% during the 2nd quarter. Atria Investments Inc now owns 4,847 shares of the company’s stock valued at $345,000 after acquiring an additional 156 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Regency Centers by 12.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,437 shares of the company’s stock worth $102,000 after acquiring an additional 162 shares during the period. Bessemer Group Inc. grew its holdings in shares of Regency Centers by 3.9% during the 2nd quarter. Bessemer Group Inc. now owns 4,399 shares of the company’s stock worth $313,000 after acquiring an additional 165 shares during the period. Finally, William Blair Investment Management LLC raised its position in shares of Regency Centers by 2.6% in the 2nd quarter. William Blair Investment Management LLC now owns 6,773 shares of the company’s stock worth $482,000 after acquiring an additional 173 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

REG has been the topic of several research reports. Wall Street Zen upgraded Regency Centers from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Regency Centers in a research report on Monday, December 29th. Jefferies Financial Group set a $79.00 target price on shares of Regency Centers in a research report on Monday, December 15th. Truist Financial decreased their price target on shares of Regency Centers from $81.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, November 18th. Finally, Wells Fargo & Company lifted their price target on shares of Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and a consensus target price of $78.69.

Read Our Latest Report on Regency Centers

Regency Centers Stock Up 2.2%

NASDAQ:REG opened at $71.98 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $13.17 billion, a P/E ratio of 33.17, a P/E/G ratio of 2.63 and a beta of 0.93. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The firm has a 50-day simple moving average of $69.73 and a two-hundred day simple moving average of $70.72.

Regency Centers (NASDAQ:REG – Get Free Report) last issued its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.15. Regency Centers had a net margin of 27.04% and a return on equity of 6.14%. The firm had revenue of $387.57 million for the quarter, compared to the consensus estimate of $374.83 million. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $70.02, for a total value of $1,050,300.00. Following the transaction, the chairman directly owned 272,958 shares of the company’s stock, valued at approximately $19,112,519.16. This represents a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Regency Centers Profile

(Free Report)

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.

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