Intech Investment Management LLC Acquires 8,090 Shares of Regency Centers Corporation $REG

Intech Investment Management LLC lifted its holdings in Regency Centers Corporation (NASDAQ:REG) by 62.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,097 shares of the company’s stock after buying an additional 8,090 shares during the quarter. Intech Investment Management LLC’s holdings in Regency Centers were worth $1,538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new position in shares of Regency Centers during the third quarter worth approximately $1,083,000. Inspire Investing LLC raised its position in Regency Centers by 441.4% in the 3rd quarter. Inspire Investing LLC now owns 21,736 shares of the company’s stock worth $1,585,000 after purchasing an additional 17,721 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in Regency Centers by 5.7% during the 3rd quarter. Centersquare Investment Management LLC now owns 351,963 shares of the company’s stock worth $25,658,000 after buying an additional 18,997 shares in the last quarter. Pacific Heights Asset Management LLC lifted its holdings in Regency Centers by 50.0% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock worth $16,402,000 after buying an additional 75,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Regency Centers by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock valued at $339,669,000 after buying an additional 65,719 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $76.30, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on REG. UBS Group set a $76.00 target price on Regency Centers in a research report on Wednesday, January 14th. Robert W. Baird set a $84.00 price objective on Regency Centers in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Tuesday, January 20th. Truist Financial lifted their price target on shares of Regency Centers from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday. Finally, KeyCorp restated a “sector weight” rating on shares of Regency Centers in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $79.50.

Regency Centers Stock Down 0.4%

Regency Centers stock opened at $79.31 on Friday. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 3.42 and a beta of 0.91. The company’s 50 day simple moving average is $73.38 and its 200 day simple moving average is $71.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.05. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $79.89.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. Regency Centers’s payout ratio is 107.86%.

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.