Sumitomo Mitsui Trust Group Inc. Has $36.67 Million Stock Holdings in Regency Centers Corporation $REG

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Regency Centers Corporation (NASDAQ:REG) by 9.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 484,691 shares of the company’s stock after selling 50,416 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Regency Centers were worth $36,672,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of REG. Norges Bank acquired a new position in Regency Centers in the 4th quarter worth about $1,183,667,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Regency Centers during the 4th quarter valued at about $56,480,000. Goldman Sachs Group Inc. grew its stake in shares of Regency Centers by 75.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,806,165 shares of the company’s stock valued at $124,680,000 after buying an additional 775,609 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Regency Centers by 364.9% in the 4th quarter. AQR Capital Management LLC now owns 842,037 shares of the company’s stock valued at $58,126,000 after buying an additional 660,896 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in Regency Centers in the third quarter worth approximately $47,563,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Performance

NASDAQ:REG opened at $79.62 on Monday. The firm has a market capitalization of $14.58 billion, a PE ratio of 27.46, a PEG ratio of 3.38 and a beta of 0.80. Regency Centers Corporation has a 1 year low of $66.86 and a 1 year high of $81.93. 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’s fifty day simple moving average is $78.57 and its 200 day simple moving average is $76.30.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a $0.755 dividend. The ex-dividend date was Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.8%. Regency Centers’s payout ratio is presently 104.14%.

Insider Buying and Selling

In related news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $78.40, for a total transaction of $21,529,816.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers stock in a transaction that occurred 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 completion of 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 283,782 shares of company stock valued at $22,255,898. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on REG. Barclays raised their price objective on shares of Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Scotiabank increased their price target on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 24th. Weiss Ratings restated a “buy (b)” rating on shares of Regency Centers in a report on Friday, May 29th. Morgan Stanley lifted their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $88.00 price objective on shares of Regency Centers in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.94.

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.