KBC Group NV Sells 29,452 Shares of Regency Centers Corporation $REG

KBC Group NV trimmed its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 9.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 291,194 shares of the company’s stock after selling 29,452 shares during the period. KBC Group NV’s holdings in Regency Centers were worth $22,032,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of REG. Norges Bank bought a new position in Regency Centers in the 4th quarter worth approximately $1,183,667,000. State Street Corp increased its stake in shares of Regency Centers by 1.4% in the 4th quarter. State Street Corp now owns 12,572,876 shares of the company’s stock valued at $877,261,000 after buying an additional 168,884 shares during the period. Principal Financial Group Inc. increased its stake in shares of Regency Centers by 10.3% in the 1st quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock valued at $756,967,000 after buying an additional 931,272 shares during the period. Geode Capital Management LLC raised its position in shares of Regency Centers by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock worth $338,110,000 after acquiring an additional 67,739 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Regency Centers by 7.2% during the fourth quarter. Invesco Ltd. now owns 4,261,437 shares of the company’s stock worth $294,167,000 after acquiring an additional 287,397 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total value of $626,708.62. Following the completion of the sale, the insider owned 33,069 shares in the company, valued at $2,614,435.14. This represents a 19.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 283,782 shares of company stock worth $22,255,898. Company insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

Shares of NASDAQ:REG opened at $82.09 on Wednesday. The firm’s 50 day simple moving average is $79.03 and its 200 day simple moving average is $76.89. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $83.66. The company has a market capitalization of $15.03 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 3.48 and a beta of 0.80. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were issued a $0.755 dividend. The ex-dividend date was Friday, June 12th. This represents a $3.02 annualized dividend and a yield of 3.7%. Regency Centers’s dividend payout ratio (DPR) is 104.14%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group raised their price target on Regency Centers from $81.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Morgan Stanley upped their target price on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Barclays raised 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Regency Centers in a research report on Friday, May 29th. Finally, Raymond James Financial reissued an “outperform” rating and set a $88.00 price target on shares of Regency Centers in a research note on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and a consensus target price of $82.94.

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.