Corient Private Wealth LLC Buys 8,691 Shares of Regency Centers Corporation $REG

Corient Private Wealth LLC grew its stake in Regency Centers Corporation (NASDAQ:REG) by 111.6% during the fourth quarter, HoldingsChannel reports. The fund owned 16,478 shares of the company’s stock after acquiring an additional 8,691 shares during the quarter. Corient Private Wealth LLC’s holdings in Regency Centers were worth $1,138,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in REG. Havemeyer Place LP purchased a new stake in shares of Regency Centers during the 4th quarter worth $26,000. Hantz Financial Services Inc. boosted 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. grew its stake in Regency Centers by 63.1% in 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 during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Regency Centers in the second quarter valued at about $31,000. Finally, MUFG Securities EMEA plc purchased a new position in Regency Centers in the second quarter valued at about $34,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Stock Performance

Shares of REG stock opened at $79.37 on Thursday. The stock has a market cap of $14.53 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 3.38 and a beta of 0.80. The business has a 50-day simple moving average of $78.54 and a 200-day simple moving average of $75.70. 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 Corporation has a 52-week low of $66.86 and a 52-week high of $81.93.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be issued a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, June 12th. Regency Centers’s payout ratio is 104.14%.

Insider Activity

In other news, insider Terah L. Devereaux sold 1,240 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $80.14, for a total transaction of $99,373.60. Following the sale, the insider directly owned 17,990 shares in the company, valued at $1,441,718.60. This trade represents a 6.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers 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 of the company’s stock, valued at approximately $2,614,435.14. This represents a 19.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 283,782 shares of company stock valued at $22,255,898 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on REG shares. Raymond James Financial reissued an “outperform” rating and set a $88.00 price target on shares of Regency Centers in a research report on Monday. Wells Fargo & Company lifted their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. BTIG Research reiterated a “buy” rating and set a $85.00 price objective on shares of Regency Centers in a research note on Friday, June 12th. Citigroup increased their target price on shares of Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, Barclays lifted their price target on shares of 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 given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.62.

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.