First American Trust FSB Acquires New Position in Regency Centers Corporation $REG

First American Trust FSB purchased a new position in Regency Centers Corporation (NASDAQ:REG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 57,746 shares of the company’s stock, valued at approximately $3,986,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Havemeyer Place LP bought a new position in Regency Centers in the 4th quarter worth approximately $26,000. Brown Brothers Harriman & Co. boosted its stake in Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 157 shares during the period. CYBER HORNET ETFs LLC bought a new position in Regency Centers in the 2nd quarter worth approximately $31,000. Hantz Financial Services Inc. boosted its stake in Regency Centers by 388.9% in the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after purchasing an additional 350 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in Regency Centers in the 2nd quarter worth approximately $34,000. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction 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 SEC, which is accessible through this hyperlink. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total value of $626,708.62. Following the sale, the insider owned 33,069 shares in the company, valued at $2,614,435.14. The trade was a 19.34% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

REG has been the subject of several recent analyst reports. Citigroup upped their price target on Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Barclays upped their price target on Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a research note on Friday, May 29th. Scotiabank upped their price target on Regency Centers from $76.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Regency Centers in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $82.07.

Regency Centers Stock Up 0.7%

NASDAQ REG opened at $80.10 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market capitalization of $14.67 billion, a P/E ratio of 27.62, a P/E/G ratio of 3.37 and a beta of 0.81. Regency Centers Corporation has a one year low of $66.86 and a one year high of $81.66. The stock has a 50 day moving average price of $78.23 and a 200-day moving average price of $74.70.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be given a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, June 12th. Regency Centers’s dividend payout ratio is currently 104.14%.

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.