Regency Centers Corporation $REG Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 10.8% during the 3rd quarter, Holdings Channel reports. The fund owned 957,588 shares of the company’s stock after purchasing an additional 93,268 shares during the quarter. American Century Companies Inc.’s holdings in Regency Centers were worth $69,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Park Avenue Securities LLC lifted its holdings in Regency Centers by 5.2% in the third quarter. Park Avenue Securities LLC now owns 3,040 shares of the company’s stock valued at $222,000 after acquiring an additional 149 shares during the period. Atria Investments Inc lifted its stake in shares of Regency Centers by 3.3% in the 2nd quarter. Atria Investments Inc now owns 4,847 shares of the company’s stock valued at $345,000 after purchasing an additional 156 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Regency Centers by 13.9% in 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 during the period. Cibc World Market Inc. boosted its holdings in Regency Centers by 0.4% during the third quarter. Cibc World Market Inc. now owns 43,561 shares of the company’s stock worth $3,176,000 after buying an additional 161 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Regency Centers by 12.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,437 shares of the company’s stock valued at $102,000 after buying an additional 162 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Stock Down 0.2%

NASDAQ REG opened at $79.60 on Thursday. The business has a fifty day moving average price of $73.18 and a 200 day moving average price of $71.59. 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 company has a market cap of $14.56 billion, a P/E ratio of 28.43, a P/E/G ratio of 3.43 and a beta of 0.91. Regency Centers Corporation has a one year low of $63.44 and a one year high of $79.89.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given 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 3.8%. Regency Centers’s payout ratio is presently 107.86%.

Analysts Set New Price Targets

REG has been the subject of a number of analyst reports. Royal Bank Of Canada upgraded shares of Regency Centers to a “sector perform” rating in a research report on Friday, January 9th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $76.00 price target (down from $81.00) on shares of Regency Centers in a research note on Thursday, December 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 price target on shares of Regency Centers in a report on Monday, January 5th. KeyCorp reiterated a “sector weight” rating on shares of Regency Centers in a research report on Thursday, December 4th. Finally, UBS Group set a $76.00 price objective on Regency Centers in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $79.50.

Insider Transactions at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $76.30, for a total transaction of $763,000.00. Following the completion of the sale, the chairman owned 272,133 shares of the company’s stock, valued at approximately $20,763,747.90. This represents a 3.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.