SG Americas Securities LLC Purchases 122,501 Shares of Regency Centers Corporation $REG

SG Americas Securities LLC raised its position in shares of Regency Centers Corporation (NASDAQ:REG) by 189.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,276 shares of the company’s stock after purchasing an additional 122,501 shares during the period. SG Americas Securities LLC owned approximately 0.10% of Regency Centers worth $12,928,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its holdings in shares of Regency Centers by 63.1% in 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. CYBER HORNET ETFs LLC acquired a new position in shares of Regency Centers during the 2nd quarter worth $31,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Regency Centers during the 3rd quarter worth $33,000. MUFG Securities EMEA plc bought a new stake in shares of Regency Centers during the 2nd quarter worth $34,000. Finally, Financial Consulate Inc. acquired a new stake in Regency Centers in the third quarter valued at about $38,000. 96.07% of the stock is currently owned by institutional investors.

Insider Transactions at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 129,490 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $78.33, for a total value of $10,142,951.70. Following the transaction, the chairman owned 195,892 shares in the company, valued at $15,344,220.36. The trade was a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 177,490 shares of company stock valued at $13,839,932 in the last quarter. 1.00% of the stock is owned by insiders.

Regency Centers Stock Down 0.1%

Regency Centers stock opened at $74.30 on Friday. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 3.20 and a beta of 0.91. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $79.89. 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 50 day moving average price of $75.50 and a two-hundred day moving average price of $72.09.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, March 11th. Regency Centers’s dividend payout ratio (DPR) is currently 107.86%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup lifted their target price on Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Scotiabank raised their price target on shares of Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 24th. UBS Group set a $76.00 price target on shares of Regency Centers in a report on Wednesday, January 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $76.00 price objective (down from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $85.00 price objective on shares of Regency Centers in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and a consensus target price of $80.14.

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.