Mitsubishi UFJ Asset Management Co. Ltd. Raises Stake in Regency Centers Corporation $REG

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Regency Centers Corporation (NASDAQ:REG) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 452,312 shares of the company’s stock after buying an additional 19,559 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.25% of Regency Centers worth $32,974,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Regency Centers in the 2nd quarter valued at $31,000. Steigerwald Gordon & Koch Inc. acquired a new position in Regency Centers during the third quarter valued at $33,000. MUFG Securities EMEA plc acquired a new position in Regency Centers during the second quarter valued at $34,000. Financial Consulate Inc. purchased a new stake in Regency Centers in the third quarter valued at $38,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Regency Centers by 233.3% in the second quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock valued at $41,000 after purchasing an additional 399 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Martin E. Stein, Jr. sold 10,000 shares of Regency Centers stock in a transaction on Friday, February 20th. The shares were sold at an average price of $76.30, for a total value of $763,000.00. Following the sale, the chairman owned 272,133 shares of the company’s stock, valued at approximately $20,763,747.90. This trade represents a 3.54% 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. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

REG has been the subject of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating and set a $85.00 price objective on shares of Regency Centers in a research note on Monday, January 5th. Truist Financial dropped their target price on Regency Centers from $81.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. Mizuho reiterated a “neutral” rating and set a $74.00 price target (down from $77.00) on shares of Regency Centers in a research report on Friday, January 9th. Citigroup boosted their price target on Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings upgraded Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.79.

Regency Centers Price Performance

NASDAQ:REG opened at $79.00 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.68. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $79.08. The stock’s 50-day moving average price is $72.56 and its 200-day moving average price is $71.41. The stock has a market capitalization of $14.45 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 3.40 and a beta of 0.91.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.755 per share. The ex-dividend date is Wednesday, March 11th. 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 107.86%.

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.