Prudential PLC Lowers Position in Regency Centers Corporation $REG

Prudential PLC cut its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 91.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,808 shares of the company’s stock after selling 60,168 shares during the period. Prudential PLC’s holdings in Regency Centers were worth $401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of REG. Hantz Financial Services Inc. lifted its position in Regency Centers by 388.9% during the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after purchasing an additional 350 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position 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 in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Regency Centers during the second quarter valued at $31,000. MUFG Securities EMEA plc purchased a new position in Regency Centers during the second quarter valued at $34,000. Finally, Creative Financial Designs Inc. ADV lifted its position in Regency Centers by 56.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 571 shares of the company’s stock valued at $39,000 after purchasing an additional 205 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Price Performance

Shares of Regency Centers stock opened at $77.56 on Tuesday. The stock’s 50-day simple moving average is $78.02 and its 200-day simple moving average is $74.55. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $81.66. The company has a market capitalization of $14.20 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 3.29 and a beta of 0.81. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72.

Regency Centers Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. UBS Group lifted their target price on Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Robert W. Baird set a $84.00 target price on Regency Centers in a research report on Tuesday, February 10th. Barclays lifted their target price on Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a research report on Friday, May 29th. Finally, Truist Financial boosted their price objective on Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $82.07.

Insider Activity

In other news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $78.40, for a total value of $21,529,816.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total value of $626,708.62. Following the completion of the transaction, the insider owned 33,069 shares in the company, valued at $2,614,435.14. The trade was a 19.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 320,542 shares of company stock worth $25,090,505 over the last 90 days. Company insiders own 1.00% of the company’s stock.

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.