Boothbay Fund Management LLC Boosts Holdings in Regency Centers Corporation $REG

Boothbay Fund Management LLC lifted its stake in Regency Centers Corporation (NASDAQ:REG) by 3,546.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,528 shares of the company’s stock after purchasing an additional 150,290 shares during the quarter. Boothbay Fund Management LLC owned 0.08% of Regency Centers worth $10,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of REG. Norges Bank purchased a new position in shares of Regency Centers in the 4th quarter worth about $1,183,667,000. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Regency Centers in the 4th quarter worth about $56,480,000. Goldman Sachs Group Inc. raised its position in shares of Regency Centers by 75.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,806,165 shares of the company’s stock worth $124,680,000 after purchasing an additional 775,609 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Regency Centers by 364.9% in the 4th quarter. AQR Capital Management LLC now owns 842,037 shares of the company’s stock worth $58,126,000 after purchasing an additional 660,896 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Regency Centers in the 3rd quarter worth about $47,563,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on REG shares. Barclays lifted their price target on Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. UBS Group lifted their price target on Regency Centers from $75.00 to $81.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Morgan Stanley 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, April 21st. Wells Fargo & Company boosted their target price 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, Citigroup boosted their target price on Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $82.27.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $78.40, for a total value of $21,529,816.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Terah L. Devereaux sold 1,240 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the transaction, the insider directly owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. This trade represents a 6.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 283,782 shares of company stock valued at $22,255,898. 1.00% of the stock is owned by insiders.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $77.37 on Thursday. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $81.66. The business has a 50-day simple moving average of $78.51 and a two-hundred day simple moving average of $74.99. 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 firm has a market cap of $14.17 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 3.35 and a beta of 0.81.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a $0.755 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a yield of 3.9%. Regency Centers’s payout ratio is 104.14%.

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.