Allstate Corp Grows Holdings in Regency Centers Corporation $REG

Allstate Corp increased its position in shares of Regency Centers Corporation (NASDAQ:REG) by 118.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,504 shares of the company’s stock after buying an additional 8,417 shares during the period. Allstate Corp’s holdings in Regency Centers were worth $1,070,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in REG. Hantz Financial Services Inc. grew its holdings in Regency Centers by 388.9% during the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after acquiring an additional 350 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in Regency Centers by 63.1% during 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 in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Regency Centers during the 2nd quarter worth $31,000. MUFG Securities EMEA plc acquired a new position in Regency Centers during the 2nd quarter worth $34,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in Regency Centers by 56.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 571 shares of the company’s stock worth $39,000 after acquiring an additional 205 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Stock Down 1.5%

NASDAQ REG opened at $77.35 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The company’s 50 day simple moving average is $77.81 and its 200 day simple moving average is $74.23. Regency Centers Corporation has a 12 month low of $66.86 and a 12 month high of $81.66. The company has a market capitalization of $14.16 billion, a P/E ratio of 26.67, a PEG ratio of 3.33 and a beta of 0.82.

Regency Centers Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.9%. Regency Centers’s payout ratio is currently 104.14%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Scotiabank lifted their price target on shares of Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, March 24th. Weiss Ratings raised shares of Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Barclays lifted 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. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a report on Friday. Finally, Wells Fargo & Company lifted their price target on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Regency Centers has a consensus rating of “Hold” and a consensus price target of $82.07.

Insider Buying and Selling

In other news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total transaction of $626,708.62. Following the sale, the insider owned 33,069 shares in the company, valued at $2,614,435.14. The trade was a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $78.40, for a total transaction of $21,529,816.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 450,032 shares of company stock worth $35,233,456 in the last 90 days. 1.00% of the stock is owned by company 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.