Pictet Asset Management Holding SA Sells 13,521 Shares of Regency Centers Corporation $REG

Pictet Asset Management Holding SA trimmed its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 16.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,992 shares of the company’s stock after selling 13,521 shares during the period. Pictet Asset Management Holding SA’s holdings in Regency Centers were worth $5,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of REG. Havemeyer Place LP bought a new position in shares of Regency Centers during the 4th quarter valued at about $26,000. Brown Brothers Harriman & Co. increased its holdings in shares of Regency Centers by 63.1% in the third 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 last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Regency Centers in the second quarter worth about $31,000. Hantz Financial Services Inc. boosted its stake in Regency Centers by 388.9% during the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after buying an additional 350 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in Regency Centers during the second quarter valued at approximately $34,000. 96.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Terah L. Devereaux sold 1,240 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the sale, the insider owned 17,990 shares in the company, valued at approximately $1,441,718.60. This trade represents a 6.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total transaction of $626,708.62. Following the transaction, the insider directly owned 33,069 shares of the company’s stock, valued at approximately $2,614,435.14. This represents a 19.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 283,782 shares of company stock valued at $22,255,898 over the last three months. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Evercore set a $80.00 price objective on Regency Centers in a research note on Friday, May 1st. Citigroup increased their target price on Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. BTIG Research reissued a “buy” rating and issued a $85.00 target price on shares of Regency Centers in a report on Friday, June 12th. Weiss Ratings restated a “buy (b)” rating on shares of Regency Centers in a research report on Friday, May 29th. Finally, Barclays upped their price target on shares of Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.62.

Regency Centers Stock Performance

Shares of NASDAQ REG opened at $80.96 on Friday. Regency Centers Corporation has a 1-year low of $66.86 and a 1-year high of $81.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The business’s 50 day moving average is $78.59 and its two-hundred day moving average is $75.83. The stock has a market capitalization of $14.82 billion, a P/E ratio of 27.92, a PEG ratio of 3.43 and a beta of 0.80.

Regency Centers Dividend Announcement

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