Strs Ohio Has $11.53 Million Position in Regency Centers Corporation $REG

Strs Ohio grew its stake in Regency Centers Corporation (NASDAQ:REG) by 21.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,321 shares of the company’s stock after acquiring an additional 27,193 shares during the quarter. Strs Ohio owned 0.08% of Regency Centers worth $11,525,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Havemeyer Place LP acquired a new position in Regency Centers during the fourth quarter valued at approximately $26,000. Hantz Financial Services Inc. raised its holdings in Regency Centers by 388.9% in the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after purchasing an additional 350 shares during the period. Brown Brothers Harriman & Co. raised its holdings in 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 period. CYBER HORNET ETFs LLC bought a new position in shares of Regency Centers during the second quarter worth $31,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Regency Centers during the second quarter worth $34,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Performance

REG opened at $80.96 on Monday. The stock has a market capitalization of $14.82 billion, a P/E ratio of 27.92, a P/E/G ratio of 3.43 and a beta of 0.80. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 12 month low of $66.86 and a 12 month high of $81.93. The firm’s fifty day simple moving average is $78.59 and its 200 day simple moving average is $75.88.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, June 12th. Regency Centers’s dividend payout ratio (DPR) is currently 104.14%.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of recent analyst reports. Raymond James Financial restated an “outperform” rating and issued a $88.00 price objective on shares of Regency Centers in a research report on Monday, June 29th. UBS Group boosted their target price on Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Jefferies Financial Group upgraded Regency Centers to a “strong-buy” rating in a report on Friday, June 26th. Barclays raised 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. Finally, Wells Fargo & Company lifted their price objective on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.62.

Insider Transactions at Regency Centers

In related news, insider Terah L. Devereaux sold 1,240 shares of the firm’s stock in a transaction on 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 transaction, the insider 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of Regency Centers stock in a transaction on Monday, May 4th. The shares were 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 283,782 shares of company stock valued at $22,255,898 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

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.