SG Americas Securities LLC Has $5.97 Million Stake in Regency Centers Corporation $REG

SG Americas Securities LLC lowered its stake in Regency Centers Corporation (NASDAQ:REG) by 57.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,977 shares of the company’s stock after selling 108,299 shares during the period. SG Americas Securities LLC’s holdings in Regency Centers were worth $5,975,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in REG. Azzad Asset Management Inc. ADV grew its stake in 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 buying an additional 21,799 shares during the last quarter. Pensionfund Sabic acquired a new position in Regency Centers during the 4th quarter worth $1,339,000. M&T Bank Corp lifted its position in Regency Centers by 168.6% during the 4th quarter. M&T Bank Corp now owns 25,931 shares of the company’s stock worth $1,791,000 after acquiring an additional 16,277 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Regency Centers by 3.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 311,562 shares of the company’s stock valued at $21,507,000 after acquiring an additional 10,745 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Regency Centers by 2.8% in the fourth quarter. Legal & General Group Plc now owns 1,705,024 shares of the company’s stock valued at $117,698,000 after purchasing an additional 46,438 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on REG. Morgan Stanley upped their price target on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Scotiabank boosted their target price on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 24th. BTIG Research reiterated a “buy” rating and set a $85.00 target price on shares of Regency Centers in a research note on Friday, June 12th. Truist Financial increased their price target on shares of Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $82.27.

Regency Centers Price Performance

Shares of REG opened at $81.81 on Monday. The company has a market capitalization of $14.98 billion, a P/E ratio of 28.21, a PEG ratio of 3.47 and a beta of 0.81. Regency Centers Corporation has a one year low of $66.86 and a one year high of $81.93. The business’s 50 day simple moving average is $78.56 and its 200-day simple moving average is $75.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be paid a $0.755 dividend. The ex-dividend date is Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.7%. Regency Centers’s dividend payout ratio (DPR) is 104.14%.

Insider Activity at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $2,614,435.14. This represents a 19.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Terah L. Devereaux sold 1,240 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $80.14, for a total transaction of $99,373.60. Following the completion of the sale, the insider directly owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. This represents a 6.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 283,782 shares of company stock valued at $22,255,898 over the last ninety days. 1.00% of the stock is owned by insiders.

About Regency Centers

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.