AlphaQuest LLC Cuts Stock Position in Regency Centers Corporation $REG

AlphaQuest LLC trimmed its position in Regency Centers Corporation (NASDAQ:REG) by 43.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,131 shares of the company’s stock after selling 7,794 shares during the period. AlphaQuest LLC’s holdings in Regency Centers were worth $739,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wolverine Asset Management LLC acquired a new stake in shares of Regency Centers in the 3rd quarter worth approximately $1,083,000. Inspire Investing LLC raised its holdings in Regency Centers by 441.4% during the third 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. Pacific Heights Asset Management LLC boosted its position in Regency Centers by 50.0% during the third quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock worth $16,402,000 after purchasing an additional 75,000 shares in the last quarter. Generate Investment Management Ltd grew its holdings in Regency Centers by 73.2% in the third quarter. Generate Investment Management Ltd now owns 115,457 shares of the company’s stock valued at $8,417,000 after purchasing an additional 48,803 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Regency Centers by 14.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,589 shares of the company’s stock valued at $256,000 after purchasing an additional 463 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

REG has been the topic of several recent research reports. Royal Bank Of Canada upgraded shares of Regency Centers to a “sector perform” rating in a research report on Friday, January 9th. Jefferies Financial Group set a $79.00 target price on shares of Regency Centers in a research report on Monday, December 15th. Barclays raised shares of Regency Centers from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $83.00 to $82.00 in a report on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Regency Centers in a research report on Monday, December 29th. Finally, Wells Fargo & Company lifted their price objective on Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and an average price target of $78.69.

Regency Centers Price Performance

Regency Centers stock opened at $72.49 on Wednesday. The stock has a market capitalization of $13.26 billion, a P/E ratio of 33.41, a P/E/G ratio of 2.68 and a beta of 0.94. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $78.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.20. The firm’s 50-day moving average is $69.81 and its two-hundred day moving average is $70.79.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $70.02, for a total value of $1,050,300.00. Following the completion of the transaction, the chairman directly owned 272,958 shares in the company, valued at approximately $19,112,519.16. The trade was a 5.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

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.