Harvest Portfolios Group Inc. Sells 8,775 Shares of Regency Centers Corporation $REG

Harvest Portfolios Group Inc. lessened its stake in Regency Centers Corporation (NASDAQ:REG) by 26.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,634 shares of the company’s stock after selling 8,775 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Regency Centers were worth $1,700,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pensionfund Sabic acquired a new position in shares of Regency Centers in the 4th quarter valued at $1,339,000. Azzad Asset Management Inc. ADV grew its holdings in shares of Regency Centers by 68.6% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 53,562 shares of the company’s stock valued at $3,697,000 after buying an additional 21,799 shares during the period. Centersquare Investment Management LLC grew its holdings in shares of Regency Centers by 5.7% in the 3rd quarter. Centersquare Investment Management LLC now owns 351,963 shares of the company’s stock valued at $25,658,000 after buying an additional 18,997 shares during the period. Rakuten Investment Management Inc. acquired a new position in shares of Regency Centers in the 3rd quarter valued at $1,031,000. Finally, Korea Investment CORP grew its holdings in shares of Regency Centers by 61.9% in the 3rd quarter. Korea Investment CORP now owns 119,613 shares of the company’s stock valued at $8,720,000 after buying an additional 45,734 shares during the period. Institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Up 0.5%

REG opened at $77.74 on Thursday. The stock has a market capitalization of $14.23 billion, a P/E ratio of 26.81, a P/E/G ratio of 3.28 and a beta of 0.82. Regency Centers Corporation has a 12 month low of $66.86 and a 12 month high of $81.66. The firm’s fifty day simple moving average is $77.61 and its 200 day simple moving average is $73.81. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be given a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, June 12th. Regency Centers’s payout ratio is currently 104.14%.

Insider Buying and Selling at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the business’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 sale, the insider directly owned 33,069 shares of the company’s stock, valued at approximately $2,614,435.14. The trade was a 19.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $78.40, for a total transaction of $21,529,816.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 460,032 shares of company stock worth $35,996,456 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on REG. Truist Financial boosted their price target on shares of Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Robert W. Baird set a $84.00 price target on shares of Regency Centers in a report on Tuesday, February 10th. Evercore set a $80.00 price target on shares of Regency Centers in a report on Friday, May 1st. UBS Group boosted their price target on shares of Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a report on Monday. Finally, Wells Fargo & Company boosted their price target on shares of Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $81.71.

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.