Regency Centers Corporation $REG Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 31.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,350 shares of the company’s stock after selling 7,194 shares during the period. Moran Wealth Management LLC’s holdings in Regency Centers were worth $1,161,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of REG. Havemeyer Place LP purchased a new position in shares of Regency Centers in the 4th quarter valued at $26,000. Brown Brothers Harriman & Co. boosted its position in Regency Centers by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 157 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Regency Centers in the 2nd quarter valued at $31,000. Hantz Financial Services Inc. increased its holdings in Regency Centers by 388.9% in the 4th 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. 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 Up 2.2%

Shares of REG traded up $1.78 during trading on Tuesday, reaching $81.62. The company’s stock had a trading volume of 65,975 shares, compared to its average volume of 1,431,661. The company has a market cap of $14.94 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 3.43 and a beta of 0.80. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average of $78.58 and a two-hundred day moving average of $75.97. Regency Centers Corporation has a twelve month low of $66.86 and a twelve month high of $81.93.

Regency Centers Dividend Announcement

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

Insider Buying and Selling at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $78.40, for a total transaction of $21,529,816.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Terah L. Devereaux sold 1,240 shares of the business’s stock in a transaction that occurred on 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 $1,441,718.60. This trade represents a 6.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 283,782 shares of company stock worth $22,255,898 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group raised Regency Centers to a “strong-buy” rating in a research report on Friday, June 26th. Morgan Stanley increased their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. UBS Group boosted their target price on shares of Regency Centers from $75.00 to $81.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Weiss Ratings restated a “buy (b)” rating on shares of Regency Centers in a research note on Friday, May 29th. Finally, Evercore set a $80.00 price target on shares of Regency Centers in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Regency Centers currently has an average rating of “Moderate Buy” and an average price target 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.