Corient Private Wealth LLC Acquires 8,691 Shares of Regency Centers Corporation $REG

Corient Private Wealth LLC grew its holdings in Regency Centers Corporation (NASDAQ:REG) by 111.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,478 shares of the company’s stock after acquiring an additional 8,691 shares during the period. Corient Private Wealth LLC’s holdings in Regency Centers were worth $1,138,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. 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. lifted its position 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 buying an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC purchased 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 purchased a new position in Regency Centers during the 2nd quarter valued at approximately $34,000. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling

In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 17,990 shares in the company, valued at approximately $1,441,718.60. This represents a 6.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $78.40, for a total value of $21,529,816.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 283,782 shares of company stock valued at $22,255,898 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Regency Centers Stock Down 0.5%

Shares of REG opened at $79.37 on Thursday. The firm has a fifty day moving average price of $78.54 and a 200-day moving average price of $75.70. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $14.53 billion, a P/E ratio of 27.37, a P/E/G ratio of 3.38 and a beta of 0.80. Regency Centers Corporation has a 12-month low of $66.86 and a 12-month high of $81.93.

Regency Centers Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have issued reports on REG. Wells Fargo & Company lifted their price objective on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. UBS Group increased their target price on Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Evercore set a $80.00 target price on shares of Regency Centers in a report on Friday, May 1st. Citigroup boosted their price target on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Morgan Stanley increased their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Two research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $82.62.

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.