Candriam S.C.A. Raises Stake in Regency Centers Corporation $REG

Candriam S.C.A. lifted its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 277.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,958 shares of the company’s stock after purchasing an additional 16,882 shares during the quarter. Candriam S.C.A.’s holdings in Regency Centers were worth $1,737,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in REG. Azzad Asset Management Inc. ADV raised its stake in shares of Regency Centers by 68.6% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 53,562 shares of the company’s stock worth $3,697,000 after buying an additional 21,799 shares during the last quarter. Pensionfund Sabic purchased a new position in Regency Centers during the 4th quarter valued at about $1,339,000. M&T Bank Corp raised its position in Regency Centers by 168.6% during the fourth quarter. M&T Bank Corp now owns 25,931 shares of the company’s stock worth $1,791,000 after acquiring an additional 16,277 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Regency Centers by 3.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 311,562 shares of the company’s stock valued at $21,507,000 after purchasing an additional 10,745 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Regency Centers by 2.8% in the fourth quarter. Legal & General Group Plc now owns 1,705,024 shares of the company’s stock valued at $117,698,000 after purchasing an additional 46,438 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

REG has been the subject of several research reports. Jefferies Financial Group upgraded Regency Centers to a “strong-buy” rating in a research report on Friday, June 26th. Wells Fargo & Company upped their price objective on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft lowered Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price objective on the stock. in a research note on Friday, May 29th. Evercore set a $81.00 target price on shares of Regency Centers in a report on Tuesday, July 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Regency Centers in a report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.94.

Regency Centers Trading Up 0.5%

Shares of REG stock opened at $80.33 on Wednesday. The firm’s 50-day simple moving average is $78.64 and its 200-day simple moving average is $76.45. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. Regency Centers Corporation has a 1-year low of $66.86 and a 1-year high of $81.93. The firm has a market cap of $14.71 billion, a P/E ratio of 27.70, a PEG ratio of 3.39 and a beta of 0.80.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a dividend of $0.755 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. Regency Centers’s payout ratio is currently 104.14%.

Insider Transactions at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 274,615 shares of Regency Centers stock in a transaction on Monday, May 4th. The stock was sold at an average price of $78.40, for a total value of $21,529,816.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total value of $626,708.62. Following the sale, the insider directly owned 33,069 shares of the company’s stock, valued at approximately $2,614,435.14. This trade represents a 19.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 283,782 shares of company stock worth $22,255,898 in the last ninety days. Insiders own 1.00% of the company’s stock.

Regency Centers Company 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.