VIRGINIA RETIREMENT SYSTEMS ET Al Lowers Position in Regency Centers Corporation $REG

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in Regency Centers Corporation (NASDAQ:REG) by 9.7% in the fourth quarter, Holdings Channel reports. The fund owned 187,250 shares of the company’s stock after selling 20,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Regency Centers were worth $12,926,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Wolverine Asset Management LLC acquired a new position in shares of Regency Centers during the third quarter valued at about $1,083,000. Centersquare Investment Management LLC increased its holdings in shares of Regency Centers by 5.7% during the third quarter. Centersquare Investment Management LLC now owns 351,963 shares of the company’s stock valued at $25,658,000 after acquiring an additional 18,997 shares in the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of Regency Centers by 68.6% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 53,562 shares of the company’s stock valued at $3,697,000 after acquiring an additional 21,799 shares in the last quarter. Pensionfund Sabic acquired a new position in shares of Regency Centers during the fourth quarter valued at about $1,339,000. Finally, Pacific Heights Asset Management LLC increased its holdings in shares of Regency Centers by 50.0% during the third quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock valued at $16,402,000 after acquiring an additional 75,000 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $78.40, for a total value of $21,529,816.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total transaction 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. This trade represents a 19.34% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 460,032 shares of company stock worth $35,996,456. 1.00% of the stock is owned by corporate insiders.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $76.67 on Thursday. Regency Centers Corporation has a twelve month low of $66.86 and a twelve month high of $81.66. The company’s 50 day moving average is $77.81 and its 200 day moving average is $73.60. 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 company has a market cap of $14.04 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 3.29 and a beta of 0.82.

Regency Centers Dividend Announcement

The firm also recently declared 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. This represents a $3.02 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, June 12th. Regency Centers’s dividend payout ratio is 104.14%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Scotiabank upped their price objective on shares of Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, March 24th. Evercore set a $80.00 price objective on shares of Regency Centers in a report on Friday, May 1st. 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. Finally, Truist Financial upped their price objective on shares of Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $81.36.

About Regency Centers

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.