Westpac Banking Corp Has $4.61 Million Stock Position in Regency Centers Corporation $REG

Westpac Banking Corp increased its position in shares of Regency Centers Corporation (NASDAQ:REG) by 16.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,867 shares of the company’s stock after buying an additional 8,666 shares during the period. Westpac Banking Corp’s holdings in Regency Centers were worth $4,605,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Havemeyer Place LP bought a new position in Regency Centers in the 4th quarter worth $26,000. Hantz Financial Services Inc. boosted its holdings in Regency Centers by 388.9% during the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after acquiring an additional 350 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in Regency Centers by 63.1% during the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 157 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Regency Centers in the second quarter valued at about $31,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Regency Centers in the second quarter valued at about $34,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Performance

Shares of NASDAQ REG opened at $82.09 on Wednesday. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 3.48 and a beta of 0.80. Regency Centers Corporation has a one year low of $66.86 and a one year high of $83.66. The business has a fifty day simple moving average of $79.03 and a 200 day simple moving average of $76.89. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a $0.755 dividend. The ex-dividend date was Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.7%. Regency Centers’s dividend payout ratio is currently 104.14%.

Wall Street Analyst Weigh In

REG has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Scotiabank increased their target price on Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 24th. Jefferies Financial Group raised Regency Centers to a “strong-buy” rating in a report on Friday, June 26th. Wells Fargo & Company lifted their price target on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Regency Centers in a report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and a consensus target price of $82.94.

Insider Activity

In other news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total transaction of $626,708.62. Following the sale, the insider directly owned 33,069 shares in the company, valued at approximately $2,614,435.14. The trade was a 19.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were 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. In the last 90 days, insiders sold 283,782 shares of company stock worth $22,255,898. 1.00% of the stock is currently owned by corporate insiders.

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.