Pasadena Private Wealth LLC Takes Position in Regency Centers Corporation $REG

Pasadena Private Wealth LLC acquired a new stake in Regency Centers Corporation (NASDAQ:REG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,267 shares of the company’s stock, valued at approximately $502,000.

Several other large investors have also made changes to their positions in the business. State Street Corp boosted its stake in Regency Centers by 3.1% during the third quarter. State Street Corp now owns 12,403,992 shares of the company’s stock valued at $912,739,000 after buying an additional 368,031 shares during the last quarter. Geode Capital Management LLC boosted its stake in Regency Centers by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock valued at $338,110,000 after buying an additional 67,739 shares during the last quarter. Boston Partners boosted its stake in Regency Centers by 2.1% during the third quarter. Boston Partners now owns 3,540,137 shares of the company’s stock valued at $258,062,000 after buying an additional 72,584 shares during the last quarter. Legal & General Group Plc boosted its stake in Regency Centers by 2.8% during the fourth quarter. Legal & General Group Plc now owns 1,705,024 shares of the company’s stock valued at $117,698,000 after buying an additional 46,438 shares during the last quarter. Finally, UBS Group AG boosted its stake in Regency Centers by 78.8% during the third quarter. UBS Group AG now owns 1,337,215 shares of the company’s stock valued at $97,483,000 after buying an additional 589,327 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers stock in a transaction on 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 directly owned 33,069 shares of the company’s stock, valued at $2,614,435.14. The trade was a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of Regency Centers stock in a transaction 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 SEC filing for this sale provides additional information. Insiders have sold 450,032 shares of company stock valued at $35,233,456 over the last ninety days. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lowered Regency Centers from a “buy” rating to a “hold” rating in a research note on Friday. UBS Group increased their price target on Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Barclays increased their price target on Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Morgan Stanley increased their price target on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Evercore set a $80.00 price target on Regency Centers in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $81.93.

Regency Centers Stock Down 0.5%

Shares of REG opened at $78.52 on Friday. 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 business has a fifty day moving average of $77.79 and a 200 day moving average of $74.21. The company has a market cap of $14.38 billion, a PE ratio of 27.08, a P/E/G ratio of 3.35 and a beta of 0.82. Regency Centers Corporation has a 52-week low of $66.86 and a 52-week high of $81.66.

Regency Centers Announces Dividend

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

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.