OP Asset Management Ltd Takes Position in Regency Centers Corporation $REG

OP Asset Management Ltd purchased a new stake in Regency Centers Corporation (NASDAQ:REG) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 43,302 shares of the company’s stock, valued at approximately $3,276,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in REG. Banque Cantonale Vaudoise purchased a new stake in Regency Centers during the first quarter valued at approximately $67,000. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Regency Centers by 39.7% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 14,090 shares of the company’s stock worth $1,066,000 after purchasing an additional 4,003 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Regency Centers by 38.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,205 shares of the company’s stock valued at $152,000 after purchasing an additional 615 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Regency Centers by 111.6% during the 4th quarter. Corient Private Wealth LLC now owns 16,478 shares of the company’s stock valued at $1,138,000 after purchasing an additional 8,691 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Regency Centers by 1,057.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 891 shares of the company’s stock valued at $62,000 after buying an additional 814 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

REG has been the subject of a number of analyst reports. Morgan Stanley raised their price target on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Regency Centers in a research note on Friday, May 29th. Wells Fargo & Company raised their target price on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Evercore set a $80.00 price target on shares of Regency Centers in a research note on Friday, May 1st. Finally, Barclays upped 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. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $82.27.

Regency Centers Trading Up 1.9%

NASDAQ REG opened at $81.81 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market capitalization of $14.98 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 3.47 and a beta of 0.81. The company’s 50-day simple moving average is $78.56 and its two-hundred day simple moving average is $75.38. Regency Centers Corporation has a one year low of $66.86 and a one year high of $81.93.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be given a dividend of $0.755 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a yield of 3.7%. Regency Centers’s dividend payout ratio (DPR) is presently 104.14%.

Insider Activity at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $78.40, for a total value of $21,529,816.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Terah L. Devereaux sold 1,240 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $80.14, for a total transaction of $99,373.60. Following the completion of the sale, the insider owned 17,990 shares in the company, valued at $1,441,718.60. This represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 283,782 shares of company stock valued at $22,255,898 over the last quarter. 1.00% of the stock is owned by corporate insiders.

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.