SG Americas Securities LLC Has $12.93 Million Stock Holdings in Regency Centers Corporation $REG

SG Americas Securities LLC lifted its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 189.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,276 shares of the company’s stock after purchasing an additional 122,501 shares during the period. SG Americas Securities LLC’s holdings in Regency Centers were worth $12,928,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in REG. Wolverine Asset Management LLC acquired a new position in shares of Regency Centers during the third quarter valued at about $1,083,000. Centersquare Investment Management LLC boosted its position in shares of 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 purchasing an additional 18,997 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Regency Centers by 441.4% in the 3rd quarter. Inspire Investing LLC now owns 21,736 shares of the company’s stock valued at $1,585,000 after buying an additional 17,721 shares during the period. Pacific Heights Asset Management LLC grew its stake in shares of Regency Centers by 50.0% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock valued at $16,402,000 after buying an additional 75,000 shares during the period. Finally, Rakuten Investment Management Inc. bought a new stake in Regency Centers in the 3rd quarter valued at about $1,031,000. 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 38,000 shares of Regency Centers stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $77.21, for a total transaction of $2,933,980.00. Following the sale, the chairman directly owned 157,892 shares in the company, valued at approximately $12,190,841.32. This trade represents a 19.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 177,490 shares of company stock worth $13,839,932 over the last three months. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on REG. Robert W. Baird set a $84.00 price target on Regency Centers in a research note on Tuesday, February 10th. Mizuho reissued a “neutral” rating and issued a $74.00 price objective (down from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Truist Financial upped their target price on Regency Centers from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 target price on shares of Regency Centers in a report on Monday, January 5th. Finally, Weiss Ratings raised shares of Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.14.

Regency Centers Trading Down 0.1%

NASDAQ:REG opened at $74.30 on Friday. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $79.89. The firm has a 50-day moving average price of $75.50 and a two-hundred day moving average price of $72.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 3.20 and a beta of 0.91.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, March 11th. Regency Centers’s dividend payout ratio (DPR) is presently 107.86%.

Regency Centers Company 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.