Regency Centers Corporation $REG Stock Holdings Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in Regency Centers Corporation (NASDAQ:REG) by 36.4% during the first quarter, HoldingsChannel.com reports. The fund owned 568,659 shares of the company’s stock after buying an additional 151,832 shares during the period. Quantinno Capital Management LP’s holdings in Regency Centers were worth $43,025,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Regency Centers during the fourth quarter valued at $1,183,667,000. State Street Corp raised its stake in Regency Centers by 1.4% during the 4th quarter. State Street Corp now owns 12,572,876 shares of the company’s stock valued at $877,261,000 after purchasing an additional 168,884 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Regency Centers by 10.3% in the first quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock valued at $756,967,000 after purchasing an additional 931,272 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Regency Centers by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock worth $338,110,000 after buying an additional 67,739 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Regency Centers by 7.2% in the fourth quarter. Invesco Ltd. now owns 4,261,437 shares of the company’s stock worth $294,167,000 after buying an additional 287,397 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the firm’s 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 completion of the sale, the insider directly owned 33,069 shares of the company’s stock, valued at $2,614,435.14. This trade represents a 19.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of Regency Centers stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $78.40, for a total value of $21,529,816.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 283,782 shares of company stock valued at $22,255,898 in the last three months. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

REG has been the topic of several recent analyst reports. Jefferies Financial Group raised Regency Centers to a “strong-buy” rating in a research report on Friday, June 26th. Evercore set a $81.00 price objective on Regency Centers in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a research note on Friday, May 29th. Wells Fargo & Company increased their price target on shares of Regency Centers from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, BTIG Research restated a “buy” rating and set a $85.00 price target on shares of Regency Centers in a report on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $83.06.

Regency Centers Trading Up 0.2%

NASDAQ REG opened at $81.11 on Thursday. Regency Centers Corporation has a 1-year low of $66.86 and a 1-year high of $83.66. 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 capitalization of $14.85 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 3.43 and a beta of 0.80. The firm’s fifty day simple moving average is $79.59 and its 200-day simple moving average is $77.41.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a $0.755 dividend. The ex-dividend date was Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a yield of 3.7%. Regency Centers’s payout ratio is 104.14%.

Regency Centers 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.