Cullen Frost Bankers Inc. Purchases 10,764 Shares of Regency Centers Corporation $REG

Cullen Frost Bankers Inc. lifted its position in Regency Centers Corporation (NASDAQ:REG) by 6.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 176,222 shares of the company’s stock after purchasing an additional 10,764 shares during the period. Cullen Frost Bankers Inc.’s holdings in Regency Centers were worth $12,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new position in Regency Centers in the 3rd quarter worth $107,144,000. PFA Pension Forsikringsaktieselskab bought a new stake in Regency Centers during the fourth quarter valued at about $56,480,000. Alyeska Investment Group L.P. acquired a new stake in shares of Regency Centers in the third quarter valued at about $47,563,000. UBS Group AG increased its stake in shares of Regency Centers by 78.8% in the third quarter. UBS Group AG now owns 1,337,215 shares of the company’s stock worth $97,483,000 after purchasing an additional 589,327 shares during the period. Finally, National Bank of Canada FI lifted its position in shares of Regency Centers by 334.6% during the 3rd quarter. National Bank of Canada FI now owns 495,964 shares of the company’s stock worth $36,156,000 after purchasing an additional 381,833 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total transaction of $626,708.62. Following the transaction, the insider directly owned 33,069 shares of the company’s stock, valued at $2,614,435.14. The trade was a 19.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 460,032 shares of company stock worth $35,996,456 in the last three months. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on REG shares. Robert W. Baird set a $84.00 target price on Regency Centers in a research note on Tuesday, February 10th. Evercore set a $80.00 price objective on Regency Centers in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Morgan Stanley boosted their target price on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Barclays upped their target price on shares of Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Regency Centers presently has an average rating of “Hold” and a consensus target price of $81.71.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $77.74 on Thursday. Regency Centers Corporation has a 1-year low of $66.86 and a 1-year high of $81.66. The firm has a market capitalization of $14.23 billion, a PE ratio of 26.81, a PEG ratio of 3.28 and a beta of 0.82. The business’s 50 day moving average is $77.61 and its 200-day moving average is $73.81. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be paid 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 3.9%. Regency Centers’s payout ratio is currently 104.14%.

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.