Regency Centers Corporation $REG Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in shares of Regency Centers Corporation (NASDAQ:REG) by 0.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,333,821 shares of the company’s stock after acquiring an additional 6,935 shares during the quarter. Bank of New York Mellon Corp’s holdings in Regency Centers were worth $92,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of REG. Norges Bank acquired a new stake in shares of Regency Centers during the fourth quarter valued at about $1,183,667,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Regency Centers during the fourth quarter valued at about $56,480,000. Goldman Sachs Group Inc. increased its position in shares of Regency Centers by 75.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,806,165 shares of the company’s stock valued at $124,680,000 after acquiring an additional 775,609 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Regency Centers during the third quarter valued at about $47,563,000. Finally, UBS Group AG increased its position in shares of Regency Centers by 78.8% during the third quarter. UBS Group AG now owns 1,337,215 shares of the company’s stock valued at $97,483,000 after acquiring an additional 589,327 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Trading Down 0.2%

Shares of REG stock opened at $77.56 on Tuesday. 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 stock has a market capitalization of $14.20 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. The company has a 50 day moving average price of $78.02 and a 200 day moving average price of $74.55. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $81.66.

Regency Centers Announces Dividend

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

Insider Buying and Selling

In related news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers stock in a transaction that occurred 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 completion of the transaction, the insider owned 33,069 shares in the company, valued at approximately $2,614,435.14. The trade was a 19.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $78.40, for a total transaction of $21,529,816.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 320,542 shares of company stock valued at $25,090,505 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on REG. Truist Financial lifted their price target on shares of Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wells Fargo & Company lifted their price target on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Regency Centers in a research report on Friday, May 29th. Barclays lifted their price target on shares of Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $82.07.

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.