Y Intercept Hong Kong Ltd Invests $573,000 in Regency Centers Corporation $REG

Y Intercept Hong Kong Ltd bought a new position in shares of Regency Centers Corporation (NASDAQ:REG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,854 shares of the company’s stock, valued at approximately $573,000.

Other large investors also recently bought and sold shares of the company. Park Avenue Securities LLC raised its position in shares of Regency Centers by 5.2% in the third quarter. Park Avenue Securities LLC now owns 3,040 shares of the company’s stock valued at $222,000 after buying an additional 149 shares during the last quarter. Atria Investments Inc boosted its stake in shares of Regency Centers by 3.3% in the second quarter. Atria Investments Inc now owns 4,847 shares of the company’s stock valued at $345,000 after buying an additional 156 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Regency Centers by 12.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,437 shares of the company’s stock worth $102,000 after acquiring an additional 162 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Regency Centers by 3.9% in the second quarter. Bessemer Group Inc. now owns 4,399 shares of the company’s stock valued at $313,000 after buying an additional 165 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of Regency Centers by 2.6% during the second quarter. William Blair Investment Management LLC now owns 6,773 shares of the company’s stock worth $482,000 after buying an additional 173 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the transaction, the chairman owned 272,958 shares of the company’s stock, valued at $19,112,519.16. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by insiders.

Regency Centers Stock Performance

Regency Centers stock opened at $72.49 on Wednesday. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a fifty day moving average price of $69.81 and a two-hundred day moving average price of $70.79. The firm has a market capitalization of $13.26 billion, a P/E ratio of 33.41, a P/E/G ratio of 2.68 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on REG. Truist Financial decreased their target price on Regency Centers from $81.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Tuesday, January 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Regency Centers in a report on Monday, December 29th. KeyCorp reissued a “sector weight” rating on shares of Regency Centers in a research report on Thursday, December 4th. Finally, Barclays raised shares of Regency Centers from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $83.00 to $82.00 in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.69.

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.