SummitTX Capital L.P. Reduces Stock Holdings in Regency Centers Corporation $REG

SummitTX Capital L.P. lowered its position in Regency Centers Corporation (NASDAQ:REG) by 22.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,734 shares of the company’s stock after selling 26,423 shares during the quarter. SummitTX Capital L.P.’s holdings in Regency Centers were worth $6,714,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in Regency Centers by 15.4% in the 1st quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock valued at $4,701,000 after purchasing an additional 8,563 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Regency Centers by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock worth $1,099,000 after buying an additional 557 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Regency Centers by 9.6% during the 1st quarter. Empowered Funds LLC now owns 5,856 shares of the company’s stock worth $432,000 after buying an additional 511 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Regency Centers by 81.5% during the 1st quarter. Jane Street Group LLC now owns 8,247 shares of the company’s stock worth $608,000 after buying an additional 3,702 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Regency Centers by 47.6% during the 1st quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock valued at $1,476,000 after buying an additional 6,451 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Price Performance

Regency Centers stock opened at $82.34 on Tuesday. The company’s 50 day simple moving average is $79.45 and its 200-day simple moving average is $77.26. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. Regency Centers Corporation has a 1 year low of $66.86 and a 1 year high of $83.66. The company has a market capitalization of $15.08 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 3.48 and a beta of 0.80.

Regency Centers Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wells Fargo & Company upped their price objective on Regency Centers from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday. Jefferies Financial Group raised Regency Centers to a “strong-buy” rating in a research note on Friday, June 26th. BTIG Research restated a “buy” rating and issued a $85.00 target price on shares of Regency Centers in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft lowered Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a research note on Friday, May 29th. Finally, Barclays increased their price target on Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.06.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total value of $626,708.62. Following the sale, the insider 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Terah L. Devereaux sold 1,240 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $80.14, for a total value of $99,373.60. Following the transaction, the insider owned 17,990 shares in the company, valued at $1,441,718.60. This trade represents a 6.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 283,782 shares of company stock valued at $22,255,898 over the last quarter. 1.00% of the stock is owned by company insiders.

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.