Regency Centers Corporation $REG Shares Sold by Citigroup Inc.

Citigroup Inc. cut its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 21.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 306,565 shares of the company’s stock after selling 85,231 shares during the period. Citigroup Inc.’s holdings in Regency Centers were worth $22,349,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC acquired a new stake in shares of Regency Centers during the 2nd quarter valued at $31,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Regency Centers during the third quarter worth $33,000. MUFG Securities EMEA plc purchased a new stake in shares of Regency Centers during the second quarter valued at $34,000. Financial Consulate Inc. acquired a new position in shares of Regency Centers in the 3rd quarter valued at $38,000. Finally, EverSource Wealth Advisors LLC increased its stake in Regency Centers by 233.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock worth $41,000 after purchasing an additional 399 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Tuesday, January 20th. Barclays upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $83.00 to $82.00 in a research report on Tuesday, November 18th. Citigroup lifted their price objective on shares of Regency Centers from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Argus upgraded Regency Centers to a “strong-buy” rating in a report on Wednesday, November 5th. Finally, Scotiabank lowered their price target on Regency Centers from $78.00 to $76.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.79.

Regency Centers Stock Up 0.6%

Shares of REG opened at $78.42 on Friday. The company has a 50-day simple moving average of $72.35 and a 200-day simple moving average of $71.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $14.34 billion, a P/E ratio of 28.01, a P/E/G ratio of 3.36 and a beta of 0.94. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.69.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.755 per share. The ex-dividend date is Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a yield of 3.9%. Regency Centers’s payout ratio is currently 107.86%.

Insider Transactions at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $76.30, for a total value of $763,000.00. Following the completion of the transaction, the chairman owned 272,133 shares in the company, valued at approximately $20,763,747.90. This represents a 3.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by company 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.