Tobam Has $837,000 Stock Position in Regency Centers Corporation $REG

Tobam boosted its position in shares of Regency Centers Corporation (NASDAQ:REG) by 4,422.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,119 shares of the company’s stock after purchasing an additional 11,851 shares during the period. Tobam’s holdings in Regency Centers were worth $837,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norinchukin Bank The raised its stake in shares of Regency Centers by 0.8% in the third quarter. Norinchukin Bank The now owns 17,730 shares of the company’s stock valued at $1,293,000 after acquiring an additional 147 shares during the last quarter. Telos Capital Management Inc. grew its position in 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 acquiring an additional 153 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in Regency Centers by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 157 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Regency Centers by 13.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,293 shares of the company’s stock valued at $92,000 after purchasing an additional 158 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position 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 purchasing an additional 162 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Regency Centers

In other news, insider Terah L. Devereaux sold 1,240 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the sale, the insider directly owned 17,990 shares of the company’s stock, valued at $1,441,718.60. This represents a 6.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction that occurred 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. Over the last quarter, insiders have sold 283,782 shares of company stock valued at $22,255,898. 1.00% of the stock is currently owned by company insiders.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $76.88 on Friday. 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 stock has a market cap of $14.08 billion, a price-to-earnings ratio of 26.51, a P/E/G ratio of 3.26 and a beta of 0.81. The company has a 50 day moving average of $78.49 and a 200-day moving average of $75.04. Regency Centers Corporation has a one year low of $66.86 and a one year high of $81.66.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, June 12th. Regency Centers’s dividend payout ratio is currently 104.14%.

Analyst Ratings Changes

A number of research firms have commented on REG. UBS Group boosted their price objective on Regency Centers from $75.00 to $81.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regency Centers in a report on Friday, May 29th. Morgan Stanley upped their price target on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. BTIG Research reissued a “buy” rating and set a $85.00 price objective on shares of Regency Centers in a report on Friday, June 12th. Finally, Truist Financial raised their price objective on shares of Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $82.27.

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.