Strs Ohio Grows Stock Position in Regency Centers Corporation $REG

Strs Ohio increased its position in shares of Regency Centers Corporation (NASDAQ:REG) by 26.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 125,128 shares of the company’s stock after purchasing an additional 26,108 shares during the quarter. Strs Ohio’s holdings in Regency Centers were worth $8,638,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. PFA Pension Forsikringsaktieselskab acquired a new stake in Regency Centers in the 4th quarter valued at approximately $56,480,000. Horizon Investments LLC increased its holdings in Regency Centers by 15.3% in the 4th quarter. Horizon Investments LLC now owns 23,752 shares of the company’s stock valued at $1,640,000 after purchasing an additional 3,143 shares during the last quarter. Robertson Stephens Wealth Management LLC acquired a new stake in Regency Centers in the 4th quarter valued at approximately $370,000. Danske Bank A S increased its holdings in Regency Centers by 37.1% in the 4th quarter. Danske Bank A S now owns 196,455 shares of the company’s stock valued at $13,561,000 after purchasing an additional 53,209 shares during the last quarter. Finally, Certuity LLC acquired a new stake in Regency Centers in the 4th quarter valued at approximately $203,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

REG has been the topic of a number of recent research reports. Barclays boosted their price target on shares of Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. UBS Group set a $76.00 price objective on shares of Regency Centers in a research note on Wednesday, January 14th. Morgan Stanley raised their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada raised shares of Regency Centers to a “sector perform” rating in a research note on Friday, January 9th. Finally, Citigroup raised their price objective on shares of Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.57.

Regency Centers Stock Up 0.1%

Regency Centers stock opened at $78.75 on Tuesday. Regency Centers Corporation has a twelve month low of $66.86 and a twelve month high of $81.66. The stock’s fifty day simple moving average is $77.84 and its 200-day simple moving average is $73.32. The company has a current ratio of 2.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $14.42 billion, a P/E ratio of 27.16, a P/E/G ratio of 3.38 and a beta of 0.82.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were given a dividend of $0.755 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.8%. Regency Centers’s dividend payout ratio is currently 104.14%.

Insider Buying and Selling

In related news, Chairman Martin E. Stein, Jr. sold 129,490 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $78.33, for a total value of $10,142,951.70. Following the transaction, the chairman owned 195,892 shares of the company’s stock, valued at $15,344,220.36. This represents a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 177,490 shares of company stock valued at $13,839,932 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Regency Centers 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.