Healthcare of Ontario Pension Plan Trust Fund Reduces Stake in Regency Centers Corporation $REG

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 80.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,342 shares of the company’s stock after selling 43,565 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Regency Centers were worth $782,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Havemeyer Place LP acquired a new stake in Regency Centers during the fourth quarter worth about $26,000. Hantz Financial Services Inc. increased its holdings in shares of Regency Centers by 388.9% during the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after buying an additional 350 shares during the last quarter. Brown Brothers Harriman & Co. lifted 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 valued at $30,000 after acquiring an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Regency Centers in the second quarter worth approximately $31,000. Finally, MUFG Securities EMEA plc acquired a new stake in Regency Centers during the second quarter worth $34,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on REG shares. Wells Fargo & Company upped their price target on Regency Centers from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Morgan Stanley boosted their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regency Centers in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 target price for the company. in a research note on Friday, May 29th. Finally, UBS Group boosted their price target on shares of Regency Centers from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.75.

Insider Activity at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total transaction of $626,708.62. Following the sale, the insider directly owned 33,069 shares of the company’s stock, valued at $2,614,435.14. This represents a 19.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Terah L. Devereaux sold 1,240 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $80.14, for a total transaction of $99,373.60. Following the sale, the insider owned 17,990 shares in the company, valued at approximately $1,441,718.60. This trade represents a 6.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.00% of the company’s stock.

Regency Centers Price Performance

REG opened at $80.29 on Monday. The stock’s 50-day moving average price is $79.66 and its 200 day moving average price is $77.55. Regency Centers Corporation has a 12-month low of $66.86 and a 12-month high of $83.66. The firm has a market cap of $14.70 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 3.40 and a beta of 0.80. The company has a current ratio of 1.21, a quick ratio of 2.14 and a debt-to-equity ratio of 0.71.

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 given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, June 12th. Regency Centers’s dividend payout ratio is currently 102.37%.

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.