Sargent Investment Group LLC Buys Shares of 12,513 Regency Centers Corporation $REG

by · The Markets Daily

Sargent Investment Group LLC bought a new stake in Regency Centers Corporation (NASDAQ:REG – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 12,513 shares of the company’s stock, valued at approximately $864,000.

A number of other institutional investors also recently made changes to their positions in REG. AQR Capital Management LLC raised its position in shares of Regency Centers by 15.4% in the 1st quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock valued at $4,701,000 after purchasing an additional 8,563 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Regency Centers by 3.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock valued at $1,099,000 after purchasing an additional 557 shares in the last quarter. Empowered Funds LLC raised its position in shares of Regency Centers by 9.6% in the 1st quarter. Empowered Funds LLC now owns 5,856 shares of the company’s stock valued at $432,000 after purchasing an additional 511 shares in the last quarter. Jane Street Group LLC raised its position in shares of Regency Centers by 81.5% in the 1st quarter. Jane Street Group LLC now owns 8,247 shares of the company’s stock valued at $608,000 after purchasing an additional 3,702 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Regency Centers by 47.6% in the 1st quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock valued at $1,476,000 after purchasing an additional 6,451 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on REG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regency Centers in a research report on Friday, May 29th. Barclays upped their price target on Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. UBS Group upped their price target on Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Wells Fargo & Company upped their price target on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, Scotiabank upped their price target on Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $82.27.

View Our Latest Report on REG

Regency Centers Stock Performance

REG stock opened at $79.26 on Tuesday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. The firm has a market cap of $14.51 billion, a P/E ratio of 27.33, a P/E/G ratio of 3.40 and a beta of 0.81. Regency Centers Corporation has a 12-month low of $66.86 and a 12-month high of $81.66. The stock’s 50 day simple moving average is $78.46 and its 200 day simple moving average is $74.89.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be paid 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 is Friday, June 12th. Regency Centers’s dividend payout ratio is presently 104.14%.

Insider Buying and Selling

In related news, insider Terah L. Devereaux sold 1,240 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $80.14, for a total transaction of $99,373.60. Following the completion of the transaction, the insider directly owned 17,990 shares in the company, valued at $1,441,718.60. This represents a 6.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total value of $626,708.62. Following the transaction, the insider owned 33,069 shares of the company’s stock, valued at approximately $2,614,435.14. The trade was a 19.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 283,782 shares of company stock worth $22,255,898 in the last three months. 1.00% of the stock is 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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