Baader Bank Aktiengesellschaft Makes New Investment in Regency Centers Corporation $REG

Baader Bank Aktiengesellschaft bought a new position in shares of Regency Centers Corporation (NASDAQ:REG) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,207 shares of the company’s stock, valued at approximately $497,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new stake in shares of Regency Centers in the 3rd quarter valued at about $1,083,000. Centersquare Investment Management LLC raised its stake in shares of Regency Centers by 5.7% in the 3rd quarter. Centersquare Investment Management LLC now owns 351,963 shares of the company’s stock valued at $25,658,000 after purchasing an additional 18,997 shares during the period. Azzad Asset Management Inc. ADV raised its stake in shares of Regency Centers by 68.6% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 53,562 shares of the company’s stock valued at $3,697,000 after purchasing an additional 21,799 shares during the period. Pensionfund Sabic acquired a new stake in shares of Regency Centers in the 4th quarter valued at about $1,339,000. Finally, Pacific Heights Asset Management LLC raised 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 purchasing an additional 75,000 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insider Transactions at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 274,615 shares of Regency Centers stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total value of $626,708.62. Following the transaction, the insider owned 33,069 shares of the company’s stock, valued at $2,614,435.14. The trade was a 19.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 460,032 shares of company stock valued at $35,996,456 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Regency Centers Trading Down 1.1%

Regency Centers stock opened at $76.06 on Friday. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $81.66. 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 stock has a market capitalization of $13.93 billion, a P/E ratio of 26.23, a PEG ratio of 3.27 and a beta of 0.82. The stock has a 50-day simple moving average of $77.69 and a 200 day simple moving average of $73.65.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors 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 yield of 4.0%. Regency Centers’s dividend payout ratio (DPR) is presently 104.14%.

Wall Street Analyst Weigh In

REG has been the topic of several recent research reports. Barclays lifted their price target on Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday. Weiss Ratings raised Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Morgan Stanley lifted their target price on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Truist Financial lifted their target price on Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Evercore set a $80.00 target price on Regency Centers in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of “Hold” and a consensus price target of $81.36.

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.