Regency Centers Corporation $REG Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 41.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,803 shares of the company’s stock after buying an additional 8,706 shares during the quarter. Intech Investment Management LLC’s holdings in Regency Centers were worth $2,057,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Baker Avenue Asset Management LP lifted its holdings in Regency Centers by 11.9% during the 4th quarter. Baker Avenue Asset Management LP now owns 3,598 shares of the company’s stock worth $248,000 after buying an additional 384 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Regency Centers by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock worth $338,110,000 after buying an additional 67,739 shares in the last quarter. Allstate Corp lifted its holdings in Regency Centers by 118.8% during the 4th quarter. Allstate Corp now owns 15,504 shares of the company’s stock worth $1,070,000 after buying an additional 8,417 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in shares of Regency Centers in the 4th quarter valued at approximately $407,000. Finally, Clearstead Advisors LLC increased its position in shares of Regency Centers by 81.5% in the 4th quarter. Clearstead Advisors LLC now owns 777 shares of the company’s stock valued at $54,000 after purchasing an additional 349 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Trading Up 0.4%

NASDAQ REG opened at $76.31 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The firm’s fifty day moving average price is $77.85 and its 200 day moving average price is $74.39. The company has a market capitalization of $13.97 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 3.22 and a beta of 0.81. Regency Centers Corporation has a 12 month low of $66.86 and a 12 month high of $81.66.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be given a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, June 12th. Regency Centers’s dividend payout ratio (DPR) is 104.14%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Scotiabank increased their price objective on shares of Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 24th. Barclays increased their price objective on shares of Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Robert W. Baird set a $84.00 price objective on shares of Regency Centers in a research report on Tuesday, February 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Regency Centers in a research report on Friday, May 29th. Finally, UBS Group increased their price objective on shares of Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $82.07.

Insiders Place Their Bets

In related news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total value of $626,708.62. Following the transaction, the insider directly owned 33,069 shares of the company’s stock, valued at $2,614,435.14. This trade represents a 19.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $78.40, for a total transaction of $21,529,816.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 450,032 shares of company stock worth $35,233,456 over the last ninety days. Insiders own 1.00% of the company’s stock.

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.