Sei Investments Co. Has $7.67 Million Stock Holdings in Regency Centers Corporation $REG

Sei Investments Co. raised its position in Regency Centers Corporation (NASDAQ:REG) by 22.9% during the 1st quarter, HoldingsChannel reports. The fund owned 101,447 shares of the company’s stock after buying an additional 18,934 shares during the quarter. Sei Investments Co.’s holdings in Regency Centers were worth $7,675,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Azzad Asset Management Inc. ADV raised its holdings in shares of Regency Centers by 68.6% in the fourth 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 last quarter. M&T Bank Corp grew its position in Regency Centers by 168.6% in the fourth quarter. M&T Bank Corp now owns 25,931 shares of the company’s stock valued at $1,791,000 after purchasing an additional 16,277 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Regency Centers by 3.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 311,562 shares of the company’s stock valued at $21,507,000 after buying an additional 10,745 shares during the last quarter. Legal & General Group Plc increased its stake in Regency Centers by 2.8% in the 4th quarter. Legal & General Group Plc now owns 1,705,024 shares of the company’s stock valued at $117,698,000 after buying an additional 46,438 shares during the last quarter. Finally, F m Investments LLC acquired a new stake in Regency Centers in the 4th quarter valued at $1,128,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Wells Fargo & Company lifted their target price on Regency Centers from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Regency Centers in a report on Friday, May 29th. Citigroup increased their price target on Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, UBS Group raised their price target on Regency Centers from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Regency Centers presently has a consensus rating of “Moderate Buy” and an average target price of $83.75.

Insider Activity at Regency Centers

In related 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 transaction of $99,373.60. Following the transaction, the insider directly owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. The trade was a 6.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $626,708.62. Following the completion of the sale, the insider owned 33,069 shares in the company, valued at approximately $2,614,435.14. This trade represents a 19.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

Regency Centers stock opened at $80.29 on Monday. The stock has a 50-day simple moving average of $79.66 and a 200 day simple moving average of $77.55. The stock has a market capitalization of $14.70 billion, a P/E ratio of 27.22, a PEG ratio of 3.40 and a beta of 0.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.14 and a current ratio of 1.21. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $83.66.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, June 12th. Regency Centers’s payout ratio is currently 102.37%.

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.