Hsbc Holdings PLC Sells 167,346 Shares of Regency Centers Corporation $REG

Hsbc Holdings PLC reduced its stake in Regency Centers Corporation (NASDAQ:REG) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,290,771 shares of the company’s stock after selling 167,346 shares during the quarter. Hsbc Holdings PLC’s holdings in Regency Centers were worth $89,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in Regency Centers in the 4th quarter worth approximately $1,183,667,000. PFA Pension Forsikringsaktieselskab bought a new position in shares of Regency Centers in the 4th quarter worth $56,480,000. Goldman Sachs Group Inc. raised its position in shares of Regency Centers by 75.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,806,165 shares of the company’s stock valued at $124,680,000 after buying an additional 775,609 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Regency Centers by 364.9% during the 4th quarter. AQR Capital Management LLC now owns 842,037 shares of the company’s stock valued at $58,126,000 after buying an additional 660,896 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Regency Centers during the 3rd quarter worth $47,563,000. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BTIG Research reiterated a “buy” rating and issued a $85.00 target price on shares of Regency Centers in a research report on Friday, June 12th. Wells Fargo & Company raised their price target on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Truist Financial lifted their price target on Regency Centers from $77.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Evercore set a $80.00 price objective on Regency Centers in a report on Friday, May 1st. Finally, Barclays increased their price objective on Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $82.27.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $76.88 on Monday. The stock’s 50-day moving average price is $78.49 and its 200-day moving average price is $75.07. Regency Centers Corporation has a 12-month low of $66.86 and a 12-month high of $81.66. The stock has a market capitalization of $14.08 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 3.26 and a beta of 0.81. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72.

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 issued a dividend of $0.755 per share. The ex-dividend date is Friday, June 12th. This represents a $3.02 annualized dividend and a yield of 3.9%. Regency Centers’s dividend payout ratio is currently 104.14%.

Insider Activity at Regency Centers

In other 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Terah L. Devereaux sold 1,240 shares of the 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 sale, the insider directly owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. This trade represents a 6.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 283,782 shares of company stock worth $22,255,898 in the last ninety days. 1.00% of the stock is owned by company insiders.

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.