Hsbc Holdings PLC Trims Position in Regency Centers Corporation $REG

Hsbc Holdings PLC lessened its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 11.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,290,771 shares of the company’s stock after selling 167,346 shares during the period. Hsbc Holdings PLC’s holdings in Regency Centers were worth $89,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in REG. Havemeyer Place LP bought a new stake in shares of Regency Centers in the 4th quarter valued at about $26,000. Hantz Financial Services Inc. boosted its position in shares of 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 in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Regency Centers by 63.1% during the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after acquiring an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Regency Centers during the 2nd quarter valued at approximately $31,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Regency Centers in the 2nd quarter valued at $34,000. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on REG shares. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a research note on Friday, May 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $88.00 target price on shares of Regency Centers in a report on Monday, June 29th. Barclays upped their price objective on shares of Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. BTIG Research reiterated a “buy” rating and issued a $85.00 price objective on shares of Regency Centers in a research note on Friday, June 12th. Finally, Wells Fargo & Company raised their target price on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.62.

Regency Centers Price Performance

Shares of REG opened at $80.96 on Friday. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $81.93. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 3.43 and a beta of 0.80. The stock’s 50-day moving average price is $78.59 and its 200-day moving average price is $75.83.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were issued a $0.755 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a yield of 3.7%. Regency Centers’s payout ratio is presently 104.14%.

Insiders Place Their Bets

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was 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 approximately $2,614,435.14. This represents a 19.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Terah L. Devereaux sold 1,240 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $80.14, for a total transaction of $99,373.60. Following the sale, the insider directly owned 17,990 shares in the company, valued at $1,441,718.60. The trade was a 6.45% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 283,782 shares of company stock worth $22,255,898. Corporate insiders own 1.00% of the company’s stock.

Regency Centers 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.