Principal Financial Group Inc. Acquires 931,272 Shares of Regency Centers Corporation $REG

Principal Financial Group Inc. raised its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 10.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,004,796 shares of the company’s stock after acquiring an additional 931,272 shares during the quarter. Principal Financial Group Inc. owned approximately 0.05% of Regency Centers worth $756,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Havemeyer Place LP purchased a new stake in shares of Regency Centers in the 4th quarter worth $26,000. Brown Brothers Harriman & Co. grew its holdings in Regency Centers by 63.1% during the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 157 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Regency Centers in the second quarter worth about $31,000. Hantz Financial Services Inc. increased its position in Regency Centers by 388.9% in the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after buying an additional 350 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Regency Centers in the second quarter worth about $34,000. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regency Centers in a research report on Friday, May 29th. Evercore set a $81.00 target price on shares of Regency Centers in a report on Tuesday, July 7th. Raymond James Financial restated an “outperform” rating and set a $88.00 target price on shares of Regency Centers in a research note on Monday, June 29th. Jefferies Financial Group raised shares of Regency Centers to a “strong-buy” rating in a report on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a research report on Friday, May 29th. Two equities 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.com, Regency Centers presently has a consensus rating of “Moderate Buy” and an average target price of $82.94.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $78.40, for a total transaction of $21,529,816.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total transaction of $626,708.62. Following the sale, the insider owned 33,069 shares in the company, valued at approximately $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 sold 283,782 shares of company stock worth $22,255,898 in the last three months. 1.00% of the stock is owned by company insiders.

Regency Centers Stock Performance

NASDAQ:REG opened at $79.94 on Tuesday. 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 Corporation has a 12-month low of $66.86 and a 12-month high of $81.93. The stock has a 50-day moving average price of $78.61 and a 200 day moving average price of $76.37. The stock has a market capitalization of $14.64 billion, a P/E ratio of 27.57, a P/E/G ratio of 3.38 and a beta of 0.80.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 3.8%. The ex-dividend date was Friday, June 12th. Regency Centers’s dividend payout ratio is presently 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.