Janus Henderson Group PLC Raises Holdings in Regency Centers Corporation $REG

Janus Henderson Group PLC increased its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 87.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,762 shares of the company’s stock after acquiring an additional 18,589 shares during the period. Janus Henderson Group PLC’s holdings in Regency Centers were worth $3,008,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Inspire Investing LLC grew its position in shares of Regency Centers by 0.6% in the first quarter. Inspire Investing LLC now owns 22,480 shares of the company’s stock valued at $1,701,000 after purchasing an additional 141 shares during the period. Norinchukin Bank The raised its position in shares of Regency Centers by 0.8% during the 3rd quarter. Norinchukin Bank The now owns 17,730 shares of the company’s stock worth $1,293,000 after purchasing an additional 147 shares during the last quarter. Telos Capital Management Inc. raised its position in shares of Regency Centers by 2.9% during the 4th quarter. Telos Capital Management Inc. now owns 5,378 shares of the company’s stock worth $371,000 after purchasing an additional 153 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 157 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Regency Centers by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,437 shares of the company’s stock valued at $102,000 after buying an additional 162 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $80.14, for a total transaction of $99,373.60. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Regency Centers Stock Up 0.2%

REG stock opened at $77.12 on Friday. The company has a market cap of $14.12 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.22 and a beta of 0.80. The company has a current ratio of 1.25, a quick ratio of 2.14 and a debt-to-equity ratio of 0.71. Regency Centers Corporation has a 12 month low of $66.86 and a 12 month high of $83.66. The firm has a 50-day moving average of $79.66 and a two-hundred day moving average of $77.79.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be issued a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 11th. Regency Centers’s dividend payout ratio (DPR) is currently 102.37%.

Analyst Ratings Changes

Several research firms have commented on REG. Deutsche Bank Aktiengesellschaft lowered Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price objective for the company. in a research note on Friday, May 29th. BTIG Research restated a “buy” rating and issued a $85.00 target price on shares of Regency Centers in a research report on Friday, June 12th. Citigroup lifted their price target on Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Barclays boosted their price target on Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, Morgan Stanley raised their price objective on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and an average target price of $83.75.

Regency Centers 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.