Regency Centers Corporation $REG Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its holdings in Regency Centers Corporation (NASDAQ:REG) by 41.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,245 shares of the company’s stock after selling 8,778 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Regency Centers were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Regency Centers during the 4th quarter worth approximately $1,183,667,000. State Street Corp boosted its stake in shares of Regency Centers by 1.4% in the fourth quarter. State Street Corp now owns 12,572,876 shares of the company’s stock valued at $877,261,000 after buying an additional 168,884 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Regency Centers by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock valued at $338,110,000 after buying an additional 67,739 shares in the last quarter. Invesco Ltd. grew its holdings in Regency Centers by 7.2% during the fourth quarter. Invesco Ltd. now owns 4,261,437 shares of the company’s stock worth $294,167,000 after acquiring an additional 287,397 shares during the period. Finally, Boston Partners grew its holdings in Regency Centers by 2.1% during the third quarter. Boston Partners now owns 3,540,137 shares of the company’s stock worth $258,062,000 after acquiring an additional 72,584 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Activity

In related news, insider Terah L. Devereaux sold 1,240 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $80.14, for a total value of $99,373.60. Following the sale, the insider directly owned 17,990 shares in the company, valued at $1,441,718.60. The trade was a 6.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $78.40, for a total transaction of $21,529,816.00. 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 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Scotiabank raised their target price on Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, March 24th. BTIG Research reaffirmed a “buy” rating and set a $85.00 price target on shares of Regency Centers in a research note on Friday, June 12th. Barclays increased their price target on shares of Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Wells Fargo & Company raised 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, May 26th. Finally, Citigroup boosted their price objective on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and a consensus target price of $82.94.

Regency Centers Stock Performance

Shares of REG stock opened at $79.62 on Monday. The stock has a fifty day moving average price of $78.57 and a 200 day moving average price of $76.30. The stock has a market cap of $14.58 billion, a PE ratio of 27.46, a P/E/G 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 debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were given 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 dividend payout ratio (DPR) is currently 104.14%.

Regency Centers 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.