Regency Centers Corporation $REG Stock Position Raised by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. increased its position in Regency Centers Corporation (NASDAQ:REG) by 6.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 176,222 shares of the company’s stock after purchasing an additional 10,764 shares during the period. Cullen Frost Bankers Inc. owned about 0.10% of Regency Centers worth $12,165,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Pensionfund Sabic purchased a new stake in Regency Centers in the 4th quarter worth about $1,339,000. Azzad Asset Management Inc. ADV increased its holdings in shares of Regency Centers by 68.6% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 53,562 shares of the company’s stock valued at $3,697,000 after purchasing an additional 21,799 shares during the period. Centersquare Investment Management LLC lifted its position in shares of Regency Centers by 5.7% in the third quarter. Centersquare Investment Management LLC now owns 351,963 shares of the company’s stock worth $25,658,000 after purchasing an additional 18,997 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in shares of Regency Centers in the third quarter worth approximately $1,031,000. Finally, Korea Investment CORP boosted its holdings in shares of Regency Centers by 61.9% during the third quarter. Korea Investment CORP now owns 119,613 shares of the company’s stock worth $8,720,000 after purchasing an additional 45,734 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the stock in a transaction on 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 of the company’s stock, valued at $2,614,435.14. This represents a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction dated 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. Insiders sold 460,032 shares of company stock valued at $35,996,456 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Regency Centers Price Performance

NASDAQ REG opened at $77.74 on Thursday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $14.23 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 3.28 and a beta of 0.82. Regency Centers Corporation has a 12-month low of $66.86 and a 12-month high of $81.66. The company has a 50 day moving average price of $77.61 and a two-hundred day moving average price of $73.81.

Regency Centers Dividend Announcement

The firm 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 $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, June 12th. Regency Centers’s payout ratio is presently 104.14%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on REG. Scotiabank upped their price objective on shares of Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 24th. Wells Fargo & Company lifted their target price on shares of Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Evercore set a $80.00 price target on shares of Regency Centers in a research note on Friday, May 1st. Morgan Stanley upped their price target 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, Robert W. Baird set a $84.00 price objective on Regency Centers in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Regency Centers presently has an average rating of “Hold” and an average price target of $81.71.

Regency Centers Company 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.