Natixis Advisors LLC Raises Holdings in Regency Centers Corporation $REG

Natixis Advisors LLC lifted its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 53.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,361 shares of the company’s stock after buying an additional 26,488 shares during the period. Natixis Advisors LLC’s holdings in Regency Centers were worth $5,271,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Norinchukin Bank The raised its stake in shares of Regency Centers by 0.8% during the 3rd quarter. Norinchukin Bank The now owns 17,730 shares of the company’s stock worth $1,293,000 after buying an additional 147 shares in the last quarter. Telos Capital Management Inc. raised its stake in shares of Regency Centers by 2.9% during the 4th quarter. Telos Capital Management Inc. now owns 5,378 shares of the company’s stock worth $371,000 after buying an additional 153 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after acquiring an additional 157 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Regency Centers by 13.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,293 shares of the company’s stock worth $92,000 after acquiring an additional 158 shares during the period. Finally, Cibc World Market Inc. grew its holdings in shares of Regency Centers by 0.4% in the 3rd quarter. Cibc World Market Inc. now owns 43,561 shares of the company’s stock worth $3,176,000 after acquiring an additional 161 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the firm’s stock in a transaction 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 sale, the insider owned 33,069 shares in the company, valued at $2,614,435.14. This trade represents a 19.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 320,542 shares of company stock worth $25,090,505 in the last 90 days. Insiders own 1.00% of the company’s stock.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $77.56 on Tuesday. The business’s fifty day moving average price is $78.02 and its two-hundred day moving average price is $74.55. The stock has a market cap of $14.20 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. 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 Corporation has a one year low of $66.86 and a one year high of $81.66.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be issued a dividend of $0.755 per share. The ex-dividend date is Friday, June 12th. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. Regency Centers’s dividend payout ratio (DPR) is 104.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on REG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Regency Centers in a report on Friday, May 29th. Truist Financial increased their target price on Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Citigroup increased their target price on Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Morgan Stanley increased their target price on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Scotiabank increased 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. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Regency Centers presently has a consensus rating of “Hold” and a consensus price target of $82.07.

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.