Kingdom Financial Group LLC. Makes New $560,000 Investment in Regency Centers Corporation $REG

Kingdom Financial Group LLC. bought a new position in shares of Regency Centers Corporation (NASDAQ:REG) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 8,118 shares of the company’s stock, valued at approximately $560,000.

A number of other large investors have also made changes to their positions in REG. Azzad Asset Management Inc. ADV raised its holdings in Regency Centers by 68.6% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 53,562 shares of the company’s stock worth $3,697,000 after purchasing an additional 21,799 shares during the last quarter. Pensionfund Sabic purchased a new stake in shares of Regency Centers in the fourth quarter valued at about $1,339,000. Centersquare Investment Management LLC lifted its holdings in shares of Regency Centers by 5.7% in the third quarter. Centersquare Investment Management LLC now owns 351,963 shares of the company’s stock valued at $25,658,000 after purchasing an additional 18,997 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in shares of Regency Centers in the third quarter valued at about $1,031,000. Finally, Korea Investment CORP lifted its holdings in shares of Regency Centers by 61.9% in the third quarter. Korea Investment CORP now owns 119,613 shares of the company’s stock valued at $8,720,000 after purchasing an additional 45,734 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Up 0.8%

Regency Centers stock opened at $78.34 on Friday. Regency Centers Corporation has a one year low of $66.86 and a one year high of $81.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market capitalization of $14.34 billion, a P/E ratio of 27.01, a P/E/G ratio of 3.30 and a beta of 0.82. The company has a 50-day simple moving average of $77.61 and a 200-day simple moving average of $73.87.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, June 12th. Regency Centers’s payout ratio is 104.14%.

Insider Buying and Selling at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the firm’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 completion of the sale, the insider directly owned 33,069 shares in the company, valued at approximately $2,614,435.14. This trade represents a 19.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $78.40, for a total transaction of $21,529,816.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 450,032 shares of company stock valued at $35,233,456. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on REG shares. Wells Fargo & Company increased their price objective on Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Weiss Ratings raised shares of Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Scotiabank increased their target price on Regency Centers from $76.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 24th. Robert W. Baird set a $84.00 target price on Regency Centers in a research report on Tuesday, February 10th. Finally, UBS Group raised their price target on shares of Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $81.71.

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.