Strs Ohio Has $11.53 Million Stock Position in Regency Centers Corporation $REG

Strs Ohio lifted its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 21.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,321 shares of the company’s stock after purchasing an additional 27,193 shares during the period. Strs Ohio’s holdings in Regency Centers were worth $11,525,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Havemeyer Place LP bought a new position in shares of Regency Centers in the fourth quarter valued at $26,000. Hantz Financial Services Inc. raised 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 worth $30,000 after acquiring an additional 350 shares in the last quarter. Brown Brothers Harriman & Co. lifted 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 acquiring an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Regency Centers in the second quarter valued at $31,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Regency Centers in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Performance

NASDAQ:REG opened at $80.96 on Monday. The stock has a market cap of $14.82 billion, a P/E ratio of 27.92, a PEG ratio of 3.43 and a beta of 0.80. The stock has a 50 day simple moving average of $78.59 and a 200 day simple moving average of $75.88. 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 Corporation has a 1-year low of $66.86 and a 1-year high of $81.93.

Regency Centers Dividend Announcement

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

Insider Transactions at Regency Centers

In other news, insider Terah L. Devereaux sold 1,240 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the sale, the insider owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total transaction 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. This trade represents a 19.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 283,782 shares of company stock valued at $22,255,898. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on REG shares. Citigroup boosted their price objective on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Scotiabank lifted their price target on Regency Centers from $76.00 to $82.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 24th. 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, June 29th. Jefferies Financial Group upgraded Regency Centers to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 target price for the company. in a research note on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.62.

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.